Management - History

History

The verb manage comes from the Italian maneggiare (to handle — especially tools), 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.

Some definitions of management are:

  • Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives. Management is often included as a factor of production along with machines, materials and money. According to the management guru Peter Drucker (1909–2005), the basic task of a management is twofold: marketing and innovation.
  • Directors and managers have the power and responsibility to make decisions to manage an enterprise when given the authority by the shareholders. As a discipline, management comprises the interlocking functions of formulating corporate policy and organizing, planning, controlling, and directing the firm's resources to achieve the policy's objectives. The size of management can range from one person in a small firm to hundreds or thousands of managers in multinational companies. In large firms the board of directors formulates the policy which is implemented by the chief executive officer.

Read more about this topic:  Management

Other articles related to "history":

Voltaire - Works - Historical
... History of Charles XII, King of Sweden (1731) The Age of Louis XIV (1751) The Age of Louis XV (1746–1752) Annals of the Empire – Charlemagne, A.D ... II (1754) Essay on the Manners of Nations (or 'Universal History') (1756) History of the Russian Empire Under Peter the Great (Vol ... II 1763) History of the Parliament of Paris (1769) ...
History of Computing
... The history of computing is longer than the history of computing hardware and modern computing technology and includes the history of methods intended for pen and ...
Spain - History - Fall of Muslim Rule and Unification
... The breakup of Al-Andalus into the competing taifa kingdoms helped the long embattled Iberian Christian kingdoms gain the initiative ... The capture of the strategically central city of Toledo in 1085 marked a significant shift in the balance of power in favour of the Christian kingdoms ...
Xia Dynasty - Modern Skepticism
... The Skeptical School of early Chinese history, started by Gu Jiegang in the 1920s, was the first group of scholars within China to seriously question the traditional story of its early history "the later the ... early Chinese history is a tale told and retold for generations, during which new elements were added to the front end" ...
Casino - History of Gambling Houses
... in some form or another has been seen in almost every society in history ... to Napoleon's France and Elizabethan England, much of history is filled with stories of entertainment based on games of chance ... In American history, early gambling establishments were known as saloons ...

Famous quotes containing the word history:

    ... that there is no other way,
    That the history of creation proceeds according to
    Stringent laws, and that things
    Do get done in this way, but never the things
    We set out to accomplish and wanted so desperately
    To see come into being.
    John Ashbery (b. 1927)

    The history of all hitherto existing society is the history of class struggles.
    Karl Marx (1818–1883)

    The awareness that health is dependent upon habits that we control makes us the first generation in history that to a large extent determines its own destiny.
    Jimmy Carter (James Earl Carter, Jr.)