Business Management

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