INTRODUCTION;
All businesses aim to be successful and well off; but this does not just happen by the snap of your fingers, rather needs to be organized in each possible step.
One of the main steps to this is; management. Thus, I shall begin by defining and explaining what management itself is.
Management according to Management Innovations, 2008, is ‘the process of reaching organizational goals by working with and through people and other organizational resources’. This statement basically says that when a company wans to achieve certain goal(s), they will have to work together as a team so that everything is organized, and the team must have a leader to rule it in the correct path. Whilst managing the company, there needs to be full
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MANAGEMENT PHILOSOPHIES; these are different strategies that leaders choose to use to lead their group, so that they would be motivated to work and how each employee should be treated. The main function of management philosophy is to make the decision making process fast and efficient. (Management Philosophy, Business Dictionary, 2015)
A couple of management philosophies are classical management, behavioral management, quantitative, systems, contingency and quality.
I will talk about 2 management theories and also about their advantages and disadvantages (pros and cons).
1) BEHAVIOURAL APPROACH;
This is also known as human relation movement. In this type of school, the theorists believe that they should try to understand the different factors that may influence the human behavior of an employee at work. (School of thought management, 2011)
There are some theorists who have investigated onto this theory. one of them is; Elton Mayo; he believed that workers were not just motivated by they pay they get, but would be more motivated if their social needs are satisfied alongside working. He concluded by saying that employees work better in groups, and they are motivated by the good available communication between themselves and their managers. (Behavioral Management, Cliff Notes, 2015)
Advantages;
a) Work satisfaction; it will motivate them to work hard and will be satisfied since they will be getting benefits alongside the pay.
b) Increased self
Management is the allocation of scarce resources against an organization 's objective, the setting of priorities, the design of work and the achievement of results. Most important, it 's about controlling.
Management is a planning and controlling process for reaching organizational goals by working with peoples and other organizational resources.
ways to lead, and each style comes with its own pros and cons. Identifying which style of management is
Management is the process of directing resources, organizing in order to effectively maintain and achieve business, organizational goals and creative problem solving. Directing resources means people, materials, finances and information. “Those who become managers and successful leader are the people who can best transmit their views, ideas, and enthusiasm to others” (Baldwin & Bommer, 2008, pg. 47). The goal of management is to accomplish the business mission and objective. To be a successful manager, you need skills in decision making, financial analysis, interpersonal relationships, and communication as well as the ability to apply those skills in a context of restraints, opportunities, and options. The following management analysis paper
1. Why is it important to understand the different perspectives and approaches to management theory that have evolved throughout the history of organizations?
According to Boddy (2008), management refers to the process of bringing together individuals with the sole intention of achieving desired objectives, aims and goal using available resources effectively. Composed of several vital tenets, this paper seeks to
A company always requires a good management to succeed in the long run. Management is the way toward achieving hierarchical objectives by working with and through individuals and other authoritative assets. It is a procedure or arrangement of proceeding and related exercises.
Management is the pursuit of achieving organizational goals and ideals with the work of people with similar ideals. Using this combined effort to plan, organize, lead and use the organizations resources to achieve their goals. Management is also the process of assessing and hiring new employees, while also making sure to keep all the employees in tip top shape. With selective training sessions and motivational tools, management can help the employees to be the best employee they can be. They are also in charge of keeping important records on all the resources the company uses, such as how much stock they buy that year, or the deprecation on the machines or building; and then plan next years goals around what they find. While also being a
Management is the organization and coordination of the activities of a business in order to achieve definite objectives.
Nowadays we have new implementing plans for management. The different theories of management are: classical, behavioral, quantitative and quality management theory, systematic and contingency management theory.
There are four functions of management: planning, organizing, leading and controlling. The four basic principles of management found in all businesses and corporations. Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.
The second major section in the evolution of management is the contemporary approach. The contempary approach has four types of management that have developed from the time period around World War II to present time. One of the approaches to contemporary management is quantitative management. Quantitative management uses math problems to help management with decisions and problems. Managers typically do not rely on this type of management as a primary approach to decision making. Many managers rely on their experience or intuition and use this only as a way to compare alternatives or eliminate weaker options. Another type of contemporary management is organizational behavior which began to take place during the human relations time period. The basis for this type of management is that worker productivity and organizational success is based on more than satisfaction of economic or
Management in business and human organization activity, in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning, organizing, ->resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Management can be defined as the art or act of doing things or activities through the efforts of other people to accomplish desired goals. It deals with the organising and coordination of people, activities, materials, machines and money.
Organizational behaviour theory - describes how people within their organizationsact individually or in groups and how organizations function interms of their structure, processes and culture.