Business Management
Management is the process of planning, organizing, leading, staffing and controlling the activities of various resources within the organization through systemic, coordinated and cooperative human efforts to achieve organizational objectives. Let’s have a brief journey through this…
Introduction:
Management involves managing efficiently and effectively the activities of men, machines, material and money. Efficiency refers to getting the maximum output from the available scarce resources i.e. ‘doing things right’. Effectiveness refers to ‘doing the right things’ to achieve desired organizational objectives.
Every organization works towards achieving some common goals and formulates methods to achieve these goals. Managers are the people within the organizations who play a vital role towards achieving the organizations’’ goals by monitoring and controlling the organizational activities.
Definition of Management:
Management is the process of planning, organizing, leading, staffing and controlling the activities of various resources within the organization through systemic, coordinated and cooperative human efforts to achieve organizational objectives.
Functions of Managers:
Managers perform five basic functions within an organization:
Organizational Hierarchy, Management Skills and Managerial Roles:
The size of the organization determines the organizational structure. Responsibilities of a manager differ according to his or her position in the hierarchy. Management can be categorized into three major levels: :
Top-level managers: The top-level management is responsible for the overall activities of an organization. It establishes plans and goals that influence that entire organization. Top0level managers are few in number and occupy the posts of ‘Chief Executive officer’, ‘Chairman’, ‘President’, ‘Vice President’, ‘Director’ etc.
Middle-level managers: Middle-level managers are directly responsible for managing the performance of first-level managers. They are responsible for the operational efficiency of various departments in an organization. They hold designations such as ‘Department Heads’, ‘Project Leader’, ‘Plant Manager’ and ‘Divisional Head’.
First-level managers: Managers at the first-level have the responsibility to manage the responsibility to manage the performance of the non-managerial personnel in an organization and ensure implementation of operational plans. They are also called supervisors. They are given different titles in different companies’ life ‘Foremen’, ‘Clerical Supervisor’, ‘Technical Supervisor’, etc.
Management Skills:
There are three essential skills that are needed by a manager. They are as follows:
Management is the process of planning, organizing, leading, staffing and controlling the activities of various resources within the organization through systemic, coordinated and cooperative human efforts to achieve organizational objectives. Let’s have a brief journey through this…
Introduction:
Management involves managing efficiently and effectively the activities of men, machines, material and money. Efficiency refers to getting the maximum output from the available scarce resources i.e. ‘doing things right’. Effectiveness refers to ‘doing the right things’ to achieve desired organizational objectives.
Every organization works towards achieving some common goals and formulates methods to achieve these goals. Managers are the people within the organizations who play a vital role towards achieving the organizations’’ goals by monitoring and controlling the organizational activities.
Definition of Management:
Management is the process of planning, organizing, leading, staffing and controlling the activities of various resources within the organization through systemic, coordinated and cooperative human efforts to achieve organizational objectives.
Functions of Managers:
Managers perform five basic functions within an organization:
- Planning: Planning is the process of selecting goals for an organization and designing necessary programs to achieve desired goals. Planning helps managers to decide on the activities to be performed with available resources.
- Organizing: Organizing is the process of assigning and allocating tasks, authority and resources to enable a firm to achieve its organizational objectives.
- Staffing: Staffing involves manning the various positions created by the organizing process. It involves activities such as identifying work force requirements, recruitment, selection and orientation of new employees.
- Leading: Leading involves directing, influencing and motivating employees towards achieving organizational objectives.
- Controlling: The main elements of the control process include establishing the standards of performance, measuring the actual performance, comparing the actual performance with the standards and taking corrective action in case of deviation.
Organizational Hierarchy, Management Skills and Managerial Roles:
The size of the organization determines the organizational structure. Responsibilities of a manager differ according to his or her position in the hierarchy. Management can be categorized into three major levels: :
Top-level managers: The top-level management is responsible for the overall activities of an organization. It establishes plans and goals that influence that entire organization. Top0level managers are few in number and occupy the posts of ‘Chief Executive officer’, ‘Chairman’, ‘President’, ‘Vice President’, ‘Director’ etc.
Middle-level managers: Middle-level managers are directly responsible for managing the performance of first-level managers. They are responsible for the operational efficiency of various departments in an organization. They hold designations such as ‘Department Heads’, ‘Project Leader’, ‘Plant Manager’ and ‘Divisional Head’.
First-level managers: Managers at the first-level have the responsibility to manage the responsibility to manage the performance of the non-managerial personnel in an organization and ensure implementation of operational plans. They are also called supervisors. They are given different titles in different companies’ life ‘Foremen’, ‘Clerical Supervisor’, ‘Technical Supervisor’, etc.
Management Skills:
There are three essential skills that are needed by a manager. They are as follows:
- Technical skills: A person’s ability to use methods, processes and procedures in a specialized field is known as technical skill.
- Human skills: Human skills refer to the ability to work with other people as individuals and its groups. They help employees to communicate, motivate, lead and inspire others in an organization. These skills are equally important for all managerial levels.
- Conceptual skills: Conceptual skills are the skills that are required by the managers to conceptualize abstract and complex situations. These skills are essential for top-level managers, since they need to possess a clear understanding of the overall functioning of the organization and relate it to the external environment.
- Design skills: Design skills are required by top level managers to find solutions to problems in a manner that would benefit the organization. Top managers should suggest a rational and feasible solution to a problem apart from recognizing the problem.