The word Management is derived from the Italian word Maneggiare means to train, to handle.,. from the French words, Maneger meaning to direct .,. to economize .,. and Menager which means an act of guiding or leading. therfore management means to handle, direct economically, guide and lead.

Management is distinctive profession of organizing and directing men, although this aspect is too often unappreciated and neglected.

In the light of the foregoing considerations to the word management the following definitions may be arrived at:

First, Management is the art and science of organizing, preparing, and directing human efforts applied to control the forces and to utilize the materials of nature for the benefit of man.

Second, Management is the development of people and not the direction of things.

Third, Management is the scientific utilization of men, money, and materials to accomplish a desired purpose.

Fourth, Simply stated and defined as the getting of things done through the efforts of other people.

Who is Management?

One individual or a small group of key people who make the significant decisions, and keep the policy making power and function as an absolute power over the organization. (In sole proprietorship, it would be the owner, in a big company it would be the directors or executives.)

What is Good Management?

It is considered good when competent men or heads of the departments are responsible for all activities and when they work as a team under the leadership of a strong executive.

Functions of management:

Planning- emphasizes prevention rather than correction of delays, the essence of planning is to remember the value of time, virtue of patience and the joy of originating.

Coordinating - implies the smooth working together of the different composing elements.

Directing - the pointing of all efforts toward the known objective. for example the management directs the basic elements so that they have a bearing straight upon the objective and the lines of action along which the enterprise is to move are set up. Direction gives guidance and points out the course to be followed.

Control - checking and motivating influences exercised by the management .,. it requires a knowledge of what is being done,., what should be done .,. and what to do in order to rectify unsatisfactory conditions.

Basic Principles of Management

1. The Principle of Policy Making - definite, clear-cut policies .,. it is essential to effective management
2. The Principle of Improvement and Adjustment - the management must be always on the alert to improve the product or service and to keep abreast with the progress of the whole.
3. The Principle of Balance - To secure proper development of business and efficiency in operation a company must be internally well-balanced.
4. The Principle of Relationship of Task and Accomplishment - A person works best and accomplishes most when he is given a definite job to be completed in a given time, the work being of a nature for which he is mentally and physically suited.
5. The Principles of Individual Effectiveness - Individual effectiveness is increased through training and improved working conditions.
6. The Principles of Simplicity - All elements which are not essential to successful operation should be eliminated and all those retained should be applied in the simplest way.
7. The Principles of Standardization - Whenever practicable, best practices should be determined, expressed in terms of definite units or standards and adopted as a pattern for use in operation or performance and in planning and control.