Management is a set of principles relating to the functions of planning,
organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human, and informational resources efficiently and effectively to achieve organizational goals. Management is in other form an integral part of living and is essential wherever human efforts are accepted to achieve the desired objectives such as conducting or supervising a business. A leader plays a big role in managing its people around him and to be able to manage what the tasks needed to improve or organize. It is also an environment in which people can perform and individuals can co-operate toward achieving their group goals. For example, a mother in a household, she needs to assess her household and what its need. She estimates the needs in the household for a week or a month. She takes stock of her supply in food or any resources that needed to be limited. She plans her day to day work and organizes what is to be done and needed at home. She monitors and controls the household budget and expenses and other activities. In order for her to organize things, she divides the household chores to her children or among the family members and coordinate their activities. She encourages and motivates them in order to perform their tasks diligently. She is always in search of improving, mentioning new goals, resources and in means to achieve these goals. 2. The Principles of Management are: a. Division of work. Work should be divided among individuals and groups to ensure that effort and attention are focused on special portions of the task. It is the best way to use the human resources of the organization. b. Balancing authority and responsibility Authority was defined as the right to give orders and the power to exact obedience. Responsibility involves being accountable, and is therefore naturally associated with authority. Whoever assumes authority also assumes responsibility. c. Discipline A successful organization requires the common effort of workers. Penalties should be applied judiciously to encourage this common effort. d. Unity of command Workers should receive orders from only one manager. e. Unity of direction The entire organization should be moving towards a common objective in a common direction. Example: All marketing activities such as advertising, sales promotion, pricing policy, etc., must be directed by only one manager. f. Subordination of individual interests to the general interest. The interest of one individual or one group should not prevail over the general good. The individual interest should be given less importance, while the general interest should be given the most importance.
If not, the organization will collapse. The interest of the
organizational goal should not be sabotaged by the interest of an individual or on the group. g. Remuneration Remuneration is the price for services received. Pay should be fair to both employee and the firm. This policy should give maximum satisfaction to both employers and employees. It should include both financial and non-financial incentives. h. Centralization It is always present to a greater or lesser extent, depending on the size of the company and the quality of its managers. In Centralization, the authority is concentrated only in a few hands. If there is complete centralization, then the subordinates will have no authority (power) to carry out their responsibility (duties). Similarly, if there is complete decentralization, then the superior will have no authority to control the organization. i. Scalar chain The chain of command, sometimes called the scalar chain, is the formal line of authority, communication, and responsibility within an organization. The chain of command is usually depicted on an organizational chart, which identifies the superior and subordinate relationships in the organizational structure. Under the unity of command principle, the instructions flow downward along the chain of command and accountability flows upward. j. Order Order for things is called Material Order and order for people is called ‘Social Order’. Material Order refers to “a place for everything and everything in its place. ”Social Order refers to the selection of the “right man in the right place”.
There must be an orderly placement of the resources such as
Men and Women, Money, Materials, etc. Human and material resources must be in the right place at the right time. Misplacement will lead to misuse and disorder. There should be an Order for material/things and people in the organization. k. Equity The equity principle suggests that the managers must be kind as well as equally fair to the subordinates. It creates loyalty and devotion in the employees toward the organization. While dealing with the employees a manager should use kindliness and justice towards employees equally. Equity is a combination of kindness and justice. l. Stability of tenure of personnel The employees should have job security because instability leads to inefficiency. Successful firms usually had a stable group of employees. Although it could take a lot of time, Employees need to be given fair enough time to settle into their jobs. An employee needs time to learn his job and to become efficient. m. Initiative Without limits of authority and discipline, all levels of staff should be encouraged to show initiative. Management should encourage initiative. They should encourage the employees to make their own plans and to execute these plans. This is because an initiative gives satisfaction to the employees and brings success to the organization.
It allows the subordinates to think out a plan and do what it
takes to make it happen. n. Esprit de corps Esprit de Corps means “Team Spirit”. The management should create unity, co-operation, and team-spirit among the employees. They should avoid dividing and rule policy. Harmony, cohesion among personnel. It’s a great source of strength in the organization. It is a quality in every successful business. 3. The Functions of Management are: a. Planning is the basic function of management. It deals with chalking out a future course of action and deciding in advance the most appropriate course of action for achievement of pre-determined goals. Sets the goal of an organization. b. Organizing is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals. c. Staffing is the function of manning the organization structure and keeping it manned. Staffing has assumed greater importance in the recent years due to advance of technology, increase in size of business, complexity of human behavior and etc. the main purpose of staffing is putting the right man in the right job. d. Directing is part of managerial function which actuates the organizational methods to work efficiently for achievement of organizational purposes. Direction is that inert-personnel aspect of management which deals directly with influencing, guiding, supervising, motivating subordinate for the achievement of the organizational goals. e. Controlling is the process of checking whether or not proper progress is being made towards the objectives and goals and acting if necessary, to correct any deviation. 4. The skills needed by a manager are: a. Interpersonal skills You need to demonstrate your managerial qualities and authority, while maintaining the ability to play your part as a member of a team. Example, setting time aside to get to know your team members on both a personal and professional level, through social activities or team-building training, while still maintaining professional boundaries, will go a long way to earning their respect. b. Communication and motivation Effective leaders must master all forms of communication including written, verbal and listening skills. You'll need to establish a trusting relationship with your employees so they feel comfortable sharing information with you, and vice versa. To ensure that lines of communication remain open, you'll need to make yourself readily available and accessible to your employees to discuss any issues or concerns that arise. Having an open door policy or weekly or monthly team meetings should facilitate this. Let your staff know that they matter by maintaining eye contact, smiling and listening attentively. c. Organization and delegation Effective organizational skills reduce stress, save time and ensure that important deadlines are met. Managers ease their own busy workload by delegating tasks to colleagues. To do this effectively you need to analyze and identify the skills of your employees and assign duties to each depending on their skillset. Delegation isn't a sign of weakness, and can in fact multiply the amount of work that a manager can accomplish - while developing the team's confidence and skills. d. Forward planning and strategic thinking It's a manager's job to think of the bigger picture, so as well as focusing on today's tasks and responsibilities you'll also need to plan for the future. This means setting priorities in line with company goals, reviewing systems and policies, and attending training and managing the CPD activities of your team. As a strategic thinker, you'll encourage innovation and change in order to make your team and the organization as a whole more productive and profitable. e. Problem solving and decision-making The tasked with spotting and solving problems on a daily basis in a managerial position. This requires outstanding attention to detail and the ability to remain calm under pressure. To ensure that your team is productive and that the workflow runs smoothly, you'll have to think on your feet when problems arise. Creative thinking will help you to come up with innovative solutions that minimize the impact on your team and the business as a whole. f. Commercial awareness This skill is in huge demand among business employers. If you want to progress to management level, an understanding of the marketplace in which a business operates and what it is that makes a business successful is essential. g. Mentoring As well as being business-focused decision-makers, managers also need to play a supportive role. This involves training and advising staff and building their confidence and skills. In a management position, you'll be the driving force behind the progression of team members. 5. Differentiate: a. The difference between efficient and effective is that efficiency refers to how well you do something while effectiveness refers to how useful it is. Efficiency is doing things right in an optimal way while effectiveness is doing the right thing, completing activities and achieving goals. Example of efficiency, doing the task in a fastest or in the least expensive way. It could be the wrong way but it was done optimally. Efficiency increases productivity and saves both time and money. Example of effective, television is an effective means of communication. This is because people is more aware if it being inform information through the form of media.
b. The difference between manager and leader is that leaders have
people follow them while managers have people who work for them. Managers have subordinates while leaders have followers. Example for managers they are focus on things, do things right, plan, organize, direct, control and follows the rules whereas leaders focus on people, doing the right things, inspired, influence, motivate, build and shape entities. Leaders may or may not be successful managers while managers are only in the position because they are appointed. Hence, not all managers can be a leader and vice versa.
c. The difference between administration and management are: in the
level of organization Administration is in the top level while Management is in the middle or lower level. The major focus of Administration is the policy formulation and objective determination while Management is focus on the policy execution for objective achievement. The function of Administration are determinate and, broad and conceptual while Management is executive and, narrow and operational. The factors affecting decisions in the Administration are mostly external while Management are mostly internal; and Administration are also known as Entrepreneurs while Management are known as Employees. Administration and Management are synonymous; the difference between them lies mostly in their usage in different fields of human organization. Administration is part of management which is concerned with the installation and carrying out the procedures. 6. An Office is a location, usually a building or portion of a building, where a company conducts its business. A company can have just one office, known as its home office, or a main office and a variety of field offices or branches offices. All of these offices are involved in some way in the business of the company. The office performs a clerical function such as information collection, recording analyzing, distribution of information and executive function such as planning, policies formulation, organization, decision making etc. 7. Office Management is the organization of an office in order to achieve a specified purpose and to make the best case of the personnel by using the most appropriate machines and equipment, the best possible method of work and by providing most suitable environment. Examples of office managements are: Medical Office management, Legal Office Management, Corporate Office Management and Virtual Office Management. 8. Administrative Management is the process of managing information through people. This usually involves performing the storage and distribution of information to those within an organization. Management of information, whether paper based or computerized, is central to the effective running for any organization in a competitive global marketplace. 9. Administrative and Office Management prepares students to plan, organize, direct, and control the functions and processes of a firm or organization and be successful in a work environment.