According to George R. Terry, ‘Management is a distinct process consisting of planning, organizing, actuating and controlling, performed to determine and accomplish stated objectives by the use of human resources.’
Management is considered a process because it involves a series of inter-related functions. Management as a process has following implications.
Management as a social process
Since human resource is the most important factor, management is concerned with developing relationship among people. It involves interaction amongst people. Goals can only be achieved when relations between people are productive.
Management as an integrated process
Management undertakes the job of bringing together human physical and financial resources so as to achieve organizational purpose. Management process also integrates human efforts so as to maintain harmony among them.
Management is a continuous process
Management is a never ending process. It is concerned with constantly identifying the problem and solving them by taking adequate steps. It is an on-going process.
Management as iterative process
All managerial functions are contained within each other. For example, when a manager prepares plans, he is also laying down standards for control.