Importance of Management Functions and Principles

955 WordsSep 23, 20114 Pages
Management is the coordination and oversight of the work activities of others so that their activities are completed efficiently and effectively. In order to carry out those responsibilities, management requires the application of several important functions, skills and roles to carry out the necessary activities in the organization effectively and efficiently. Effectively meaning doing things right so that the organizational goals can be attained and efficiently meaning getting the most output from the least amount of inputs. Furthermore, management is entrusted with the responsibility of shaping the business objectives that is in line with the vision of the business, proactive planning for future growth, anticipating and planning for…show more content…
In other words, it is the ability to work well with other people individually as well as in a group. In addition, conceptual skill is the ability to understand the degree of complexity in a given situation and to reduce that complexity to a level at which specific courses of action can be derived. Example of where conceptual skills can be employed is when the reorganization of one department which ultimately affects the activities of other departments in the organization. These skills are very important as it allows one to think, conceptualize, understand the relationship among various subunits, communicate, motivate, lead and inspire. Conclusively, management is the process of reaching organizational goals by working with and through people and other organizational resources. Therefore it is important for management to incorporate the important functions, skills and roles in their daily operations so as to carry out each operation effectively and efficiently. As a result, effective management results in business success while ineffective management results in
Open Document