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Management
Money
Materials
Time Machinery
No matter how efficient and sophisticated your machines, tools and resources
may be, people who constitute the human element, will have to put them to
use.
4. Directing/leading
In management, leadingis the process of arousing people's enthusiasm to
work hard and direct their efforts to fulfill plans and accomplish objectives.
Through leading, managers build commitments to a common vision,
encourage activities that support goals, and influence others to do their best
work in the organization's behalf.
5. Controlling
Controlling is concerned with monitoring planned and organized efforts,
comparing programs with planned objectives and making of necessary
decisions to ensure success. It completes the process that links organizational
efforts with planned objectives. Controlling is usually seen as a management
function that aims to keep activities directed in such a way that defined
results are achieved. Monitoring of performance is the starting point of
control.
Controlling is essentially a managerial function and the establishment of
control systems is usually the concern of top and senior managers. Although,
some form of control is needed at all levels of the managerial hierarchy, it is
mostly exercised at lower points in the managerial hierarchy.
Many management problems and issues can be approached in ways that are
rational, logical, objective, and systematic. Managers can gather data, facts,
and objective information. They can use quantitative models and decision-
making techniques to arrive at "correct" decisions. And they need to take
such a scientific approach to solving problems whenever possible, especially
when they are dealing with relatively routine and straightforward issues.
Technical, diagnostic, and decision-making skills are especially important
when practicing the science of management.
The Art of Management
Even though managers may try to be scientific as often as possible, they must
frequently make decisions and solve problems on the basis of intuition,
experience, instinct, and personal insights. Relying heavily on conceptual,
communication, interpersonal, and time-management skills, for example, a
manager may have to decide among multiple courses of action that look
equally attractive. And even "objective facts" may prove to be wrong. Thus
managers must blend an element of intuition and personal insight with hard
data and objective facts.
So from the above point of view management is a blend of both science and
art. And successful executives recognize the importance of combining both
the science and the art of management as they practice their craft.
4. How management is defined from
A. Functions and problems solving point of view
From function point of view of management is doing activities through the
use of planning, organizing, coordinating, staffing, leading and controlling.
Decision mashing and problem solving is the central job of a manager,
because they must constantly choose what is to be done who is to do it and
when, where, and occasionally even how it will be done.
Levels of Management
There are three levels of management include top level management, middle
level management, and first-line management. They are also called strategic
management, tactical management, and operational management.
Top-Level Managers
Top level of managers isa manager who is placed at the top level of the
organization. Most organizations have relatively few top management
positions. Top managers are responsible for managing the entire organization
or major parts of it. They develop and define the organization's purpose,
objectives, strategies, and long-term plans.They report to other executives or
boards of directors and supervise the activities of middle managers.
Middle-Level Managers
Middle managers are responsible for implementing top management's
strategy by developing short-term operating plans. They generally report to
executives and supervise the work of first-line managers.
First-Line Managers
Examples of the titles at this level include supervisor, department head,
section head, office manager etc. These managers are responsible for
implementing middle managers' operational plans. They generally report to
middle managers. Unlike those at the other two levels of management, first-
line managers do not supervise other managers; they supervise operative
employees.
Organizing
Staffing
Controlling
Directing
Top
Middle
First-line
Companies usually have a mission statement that reflects their long term goals.
It has a future orientation and tells us what the aim of the company is and how it
proposes to achieve that aim.
Goals
Goals are ends towards which effort and action is directed. Although it is an
aim, it is not the supreme goal which is always the mission of an individual or a
company. Goals are always smaller than mission. This is also reflected by the
fact that there can be many goals but there is always one mission.
One should know the difference between goals and mission or else he is
doomed to move in circles, round and round. There should be no ambiguity
about the mission of an organization which is always supreme and the sole
purpose of any organization while goals are minor milestones that need to be
achieved to get to the final objective that is the mission of the organization.
A.policy
A policy is a guiding principle used to set direction in an organization. It can be a
course of action to guide and influence decisions. It should be used as a guide to
decision making under a given set of circumstances within the framework of
objectives, goals and management philosophies as determined by senior
management
C.Rule
Is one of a set of explicit or understood regulations or principles governing conduct
within a particular activity or sphere? “The rules of the game were
understood."Control of or dominion over an area or people.
D.Method
Is an established, habitual, logical, or prescribed practice or systematic process of
achieving certain ends with accuracy and efficiency, usually in an ordered
sequence of fixed steps. See also scientific method and procedure.
C. Operational Plans
An operational plan focuses on carrying out tactical plans to achieve
operational goals. Developed by middle and lower-level managers,
operational plans have a short-term focus and are relatively narrow in scope.
Each one deals with a fairly small set of activities.
C.Time Dimension
Long-Range Plans
A long-range plan covers many years, perhaps even decades. Today,
however, most managers recognize that environmental change makes it
unfeasible to plan too fat ahead, but large firms routinely develop plans for
five- to ten-year intervals. The time span for long-range planning varies
from one organization to another. For our purposes, we regard any plan that
extends beyond five years as long range.
Intermediate Plans
An intermediate plan is somewhat less tentative and subject to change than
is a long-range plan. Intermediate plans usually cover periods from one to
five years and are especially important for middle and first-line managers.
Thus they generally parallel tactical plans.
Short-Range Plans
Managers also develop short-range plans, which have a time frame of one
year or less. Short-range plans greatly affect the manager's day-to-day
activities. There are two basic kinds of short-range plans. An action plan
operationalized any other kind of plan. A reaction plan, in turn, is a plan
designed to allow the company to react to an unforeseen circumstance.
D. Use Dimension
Single –Use Plans
A single-use plan is developed to carry out a course of action that is not likely to be
repeated in the same form in the future. Single-use plans, unlike standing plans, are
developed for a specific purpose and probably will not be used again in the same
form. However, a single-use plan may be used as a model for future program,
project or budgets. The three most common forms of single-use plans are
programs, projects and budgets.
Standing Plans
Whereas single-use plans are developed for nonrecurring situations, a standing
plan is used for activities that recur regularly over a period of time. Standing plans
can greatly enhance efficiency by making decision making routine. Policies,
standard operating procedures, and rules and regulations are three kinds of
standing plans.