A Modern Day Management Approach

Management is the organization and coordination of a business’s activities in order to achieve the defined goals (“Management”). The person who is in charge of the management of a business is called a manager, and a manager’s job is to “directly supervise, support, and help activate work efforts to achieve the performance goals of individuals, teams, or even an organization as a whole” (Schermerhorn, 2014, Takeaway 1.1, para. 3). To someone who is not knowledgeable in the field, managers seem to have an easy job. In reality, how a manager do their job can affect the people working under them and also the company on a larger scale. Some people are born with great management skills and they are able to do the job naturally. But management

The late famed management theorist Peter Drucker is often credited with creating the modern study of management.

The theory of management has been developing since time began – in the tribal days, hunts had to be organised, in the Victorian era the construction of the railways had to be managed; and nowadays every organisation globally has to be organised. One of the first ‘schools’ of management was the Classical Theory – this focused on getting the most out of each employee following a strict structure of management – Henri Fayol is one of the most famous Classical Theorists and his quote - “to manage is to forecast and plan, to organize, to command, to co-ordinate and to control” – summarises his main points of how managers should remain in authority and carry out their jobs. Although there are also other schools of management such as the Human Relations Theory. This is a far softer approach and concentrates on each employees emotional and physical needs – it looks at them as a valuable resource to the business – not just as a means to an end.

Even though his ideas cover the base of management concept, managers nowadays doesn’t implement it to the full extent. Either, for the lacking of management recourses in their organizations or the nature of their organizations don’t help them to do so.

Management plays a vital role for small companies, large corporations, and any other business type. They help assist in making sure that a task is completed in the correct manner that benefits the company in many matters to include legal. Most who think about management today, assume they have a lot of responsibility, to include the ability to lead with great leadership skills acquired through schooling and knowledge. Fortunately for these leaders, these management skillsets were not just acquired overnight, they were developed and tested over a long period of time through trial and error before being taught at an accredited institution or published for others to utilize. Therefore, there have been many theories and milestones that have developed through time, which have assisted in shaping management into how it functions today.

Peter Ducker is a writer, a teacher, and a consultant. The authors of twenty-six books, he has been the Clarke Professor of Social Science and Management at Claremont University since 1971. They are many scholars, philosophers, and researchers who have paid their dues in the management field, but Peter Drucker has been the one who has made a name for himself in the area. Peter Drucker has been acknowledged by his excellent academic portfolio, which has taken him to develop the invention of management in the 1950s. Drucker has been capable to elevate the discipline of management regardless of the obstacles he has faced throughout his career. The author has been focused on making a statement based upon the business challenges in the modern world

This paper will start off by comparing, and contrasting the role of the manager and a

The twentieth century has brought in a number of management theories which have helped shaped our view of management in the present business environment. These emerging theories have enabled managers to appreciate new patterns of thinking, new ways of organising and new ways of managing organisations and people. Over the years these different theories have enabled the study

Leadership is a technique to bring different individuals together to form a team by maximizing their potential in order to accomplish a common goal. By knowing and understanding the various theories of organizational leadership can aid individuals in expanding and developing their abilities within leadership. Furthermore, leaders practice different leadership styles and theories contingent upon the circumstances and necessities required to successfully achieve objectives. As an example, some leaders may use the transformational theory as a method to maintain communication among workers to motivate them to get the job done. Leaders apply transactional theory as a way to provide rewards or punishment according to performance to motivate followers (Voon, Lo, Ngui & Ayob, 2011). The future of an organization rest on its leadership’s capability to lead and it is important that leaders use each theory for organizational leadership depending on the current condition to efficiently inspire and foster individuals to achieve each goal that is set before them.

The styles and models of this book did a great job of laying out the philosophies of leadership and how to become successful in the business world. Beginning with the aspects of leadership verse management, Simpson elaborates on the importance of being a leader and the differences that positions hold when being a manger. Furthermore, discussing the keys factors of leadership styles, such as transformational and transactional leadership, autocratic, bureaucratic,

Over the past hundred years management has continuously been evolving. There have been a wide range of approaches in how to deal with management or better yet how to improve management functions in our ever changing environment. From as early as 1100 B.C managers have been struggling with the same issues and problems that manager's face today. Modern managers use many of the practices, principles, and techniques developed from earlier concepts and experiences.

In today’s ever changing economy, society’s idea of management is becoming increasingly more difficult to sustain with the continuous demands of the position. A successful manager must have a certain level of expertise and problem solving techniques to carry out the daily tasks required. Over the years, there have been various ideas on what management is, such as planning, organizing, leading and controlling.

The paper will explore different theories of Management, include Henri Fayol and Henry Mintzberg. This section of this paper provides an overview of functions, roles and skills required of a manager. What is Management? Management can define as the process of reaching organisational goals by working with and through people and other organisational resources. (Management Innovation, 2008).

Peter Spurgeon and Robert Cragg (2007) contend the current attention paid to the importance of leadership has diminished the value and contribution of management. The discussion concerning leadership and management, at the most extreme, is inclined to portray leadership as 'good' and management as 'bad'. These constraints are rooted in the proposition that people do not want to be managed, with its connotations of bureaucracy and control, but are happy to follow a leader toward a vision. At the core of this perception is the belief that leaders are concerned with the future and with the people in the system, while managers are focused upon greater efficiency and immediate results.

In today’s competitive landscape, organizations must utilize every resource to its fullest in order to achieve profitability. Peter F. Drucker, who is known as “the founding father of the discipline of management”, informs us that employees are assets, which should be treated as a company’s most valuable resource. The key players involved in utilizing this valuable resource are the managers of a company. Managers have a vital role in a company and the effort they put forth into their tasks and responsibilities will directly affect the success of a company. In Drucker’s book Management: Tasks, Responsibilities, Practices (Revised Edition), he explains the role of a company’s management team and the secrets to becoming a great manager.