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Implementing Rich Management Practices Within An Organization

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Implementing rich management practices within an organization has been a keen factor for the success of any organization operating in the 21st century 's highly volatile and sophisticated business environment. Having mentioned that, modern corporate managers are constantly trying to effectively achieve their pre-set goals and improve the performance by efficiently using the limited resources available. That indeed is the concept of efficient management in an organization. That being said we can agree on the statement that management is the process of effectively achieving organizational objectives by efficiently using limited resources.

Despite the numerous research conducted based on managerial processes, elaborating on ‘what management do’ is a debatable task since organizations are very unique and the task done by the management in these organizations differ from one another. But most of these researches agree on common set of functions which are shared by the executives of the modern-day corporation (Robbins, DeCenzo,2012, Pg.8). As suggested by the French industrialist Henri Fayol in the early twentieth century management process consist of; planning, organizing, commanding, coordinating and controlling. However, scholars who researched on this topic during the recent years has condensed all functions mentioned by Fayol into; planning, organizing, leading and controlling (Waren, Bedeian, Breeeze,2002, Pg. 908-910). Every organization strive to achieve either the

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