Management is the act of directing and controlling a large group of people for the purpose of coordinating and harmonizing the group towards accomplishing a goal beyond the scope of individual effort. Management encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. Management can also refer to the person or people who performs the act of management.

The verb Manage comes from the Italian maneggiare (to handle — especially a horse), which in turn derives from the Latin manus (hand). The French word mesnagement (later ménagement) influenced the development in meaning of the English word management in the 17th and 18th centuries.[1]

Management has to do with power by position, whereas leadership involves power by influence[citation needed]. Compare stewardship.

Contents [hide]
1 Functions of management
2 Theoretical scope
3 Historical development
3.1 19th century
3.2 20th century
3.3......

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Title: Planning In Business
Approximate Word Count: 1529
Approximate Pages: 7 (250 words per double-spaced page)

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