Management
Management
Management defined as all the activities and tasks undertaken for archiving goals by
continuous activities like; planning, organizing, leading and controlling.
Concept of Management
A manager needs to understand a few simple ideas to employ the five basic operations. These
concepts are essential to ensure their team comes together to reach the business’ goals:
Control: Employees of an organization need to understand the goals that they are aiming for
as well as the measurement that will be used to determine whether they have been successful.
Different staff members in a company have different roles that entail separate levels of
responsibility. A manager must have control over what the members do, how they do it and
how to measure their progress. Control over these factors helps a manager reach success.
Planning: The best managers know that planning is critical before the implementation of any
strategy, but it is also an ongoing activity. Planning does not end when implementation
begins. Rather, management needs to be prepared to answer the questions of who, what,
when and where a team is working to implement the organization’s mission. Planning should
include selecting objectives as well as implementing them.
For an economist, management is one of the factors of production together with land, labor,
and capital.
As the industrialization of a nation increases, the need for management becomes greater.
The managerial resources of a firm determine, in large measure, its productivity and
profitability. Executive development, therefore, is more important for those firms in a
dynamic industry in which progress is rapid.
Finally, the trend of management turned towards a democratic and participatory approach.
The increase in the complexity of relationships in modern society demands that managers
become elite of brain and education.
Entry into this class of executives is being more and more dependent on excellence in
education and knowledge rather than family or political connections.
But you might have a different point of view about management but the purpose of it remains
static; reach the goal effectively and efficiently.
The basic managerial functions or activities are planning, organizing, leading, and
controlling.
These activities are undertaken by the managers to combine all resources (human, financial,
physical, information) efficiently and effectively to work toward achieving the goals of the
organization.
Features of Management
Management is the process of setting and reaching goals effectively and efficiently.
Management process has some qualities or features;
Although people as individuals manage many personal affairs, the group emphasis on
management is universal.
Every enterprise entails the existence of a group to achieve goals. It is now established that
goals are achieved more readily by a group than by any one person alone.
Management is Purposeful
Wherever there is management, there is a purpose. Management deals with the achievement
of something definite expressed as a goal or objective.
Management success is commonly measured by the extent to which objectives are achieved.
Management exists because it is an effective means of getting the necessary work
accomplished.
Besides the manager of a firm, there may be accountants, engineers, system analysts,
salesmen and a host of other employees working but it is the manager’s job to integrate all
their activities.
Thus, it can well be said that participation in management necessitates relinquishing the
normal tendency to perform all things oneself and getting tasks accomplished through group
efforts.
Management is Goal-oriented
Managers focus their attention and efforts on bringing about successful action. Successful
managers have an urge for accomplishment.
They know when and where to start, what to do with keeping things moving, and how to
follow a goal-oriented approach.
Management is Indispensable
Even the computer which is the wonderful invention of the twentieth century can only aid but
not replace management.
It can widen a manager’s vision and sharpen his insight by supplying more and faster
information for making key decisions.
The computer has enabled the manager to conduct analysis far beyond the normal analytical
capacities of man.
But what happens, in reality, is that the computer can neither work by itself nor can it pass
any judgment.
The manager plays his/her role by providing judgment and imagination as well as interpreting
and evaluating what the information/data mean in each case.
Management is Intangible
Management is often called the unseen force; its presence is evidenced by the results of its
efforts – motivation among employees, discipline in the group, high productivity, adequate
surplus, etc.
Conversely, the identity of management may also be felt by its absence or by the presence of
its direct opposite mismanagement. The consequence of mismanagement is anybody’s guess.
A manager can do much to improve the work environment, stimulate people to perform
better, achieve progress, bring hope and accomplish better things in life.
The study of management has evolved into more than just the use of means to achieve ends;
today it includes moral and ethical questions concerning the selection of the right ends
towards which managers should strive.
Management is the science and art of getting people together to accomplish desired goals and
objectives by coordinating and integrating all available resources efficiently and effectively.