Business Management

Business Management characterizes the process ofToday, we find it increasingly difficult to subdivide
leading and directing all or part of an organization,management into functional categories in this way.
often a business, through the deployment andMore and more processes simultaneously involve
manipulation of resources (human, financial, material,several categories. Instead, we tend to think in terms
intellectual or intangible). Early twentieth-centuryof the various processes, tasks, and objects subject
business management writer Mary Parker Follettto management.
defined management as "the art of getting thingsOne consequence is that workplace democracy has
done through other people."become both more common, and more advocated, in
One can also think of business managementsome places distributing all management functions
functionally as the action of measuring a quantity onamong the workers, each of whom takes on a
a regular basis and of adjusting some initial plan, andportion of the work. However, these models predate
as the actions taken to reach one's intended goal.any current political issue, and may be more natural
This applies even in situations where planning doesthan command hierarchy.
not take place. From this perspective, there areAll management is to some degree democratic in that
several major management functions, namely:there must be majority support of workers for the
planning, organizing, leading, coordinating andmanagement in the long term, or they leave to find
controlling.other work, or go on strike. Hence management is
Management is known by some as "businessbecoming less based on the conceptualization of
administration", although this then excludesclassical military command-and-control, and more
management in places outside business, e.g. charitiesabout facilitation and support of collaborative activity,
and the public sector. University departments thatutilizing principles such as those of human interaction
teach management are nonetheless usually calledmanagement to deal with the complexities of human
"business schools". The term "management" may alsointeraction.
be used as a collective word, describe the managersCopyright 2007 Ismael D.
of an organization, for example of a corporation.