Q.Define the term - 'Management.'

Management is the process of getting organisational goals achieved through planning, organising, staffing, directing and controlling the efforts of people and other resources.

Management is a widely defined term in the Principles of Management chapter of the Tamil Nadu HSC Class-12 Commerce syllabus. It can be understood both as a process and as an art.

Meaning: Management is the process of getting things done through and with the efforts of other people, in an organised way, to achieve the goals of an organisation effectively and efficiently. It involves the functions of planning, organising, staffing, directing and controlling.

Important definitions:

• Harold Koontz: 'Management is the art of getting things done through and with people in formally organised groups.'
• Henri Fayol: 'To manage is to forecast and plan, to organise, to command, to co-ordinate and to control.' …