Management is the process of achieving goals by working
with and through people and other organizational resources. According to Henri
Fayol, "to manage is to forecast and to plan, to organise, to command, to
co-ordinate"
Classical Management Theory:
Classical
management theory consists of a group of similar ideas on the management of
organizations that evolved in the late 19th century and early 20th century. The
Classical school is sometimes called the traditional school of management among
practitioners.