There are many challenges to running a successful business. Management in a business takes careful planning, organizing, leading, and controlling the organization’s resources. A big part of having good management in a business is having exceptional managers. Managers need to be efficient and effective. To be an efficient manager you need to use your resources people, money, and raw materials. To be effective managers need to achieve results, make the right decisions, and successfully carry them out to achieve organizational goals. Managers have four main functions they carry out in the management world. Managers plan which requires setting goals, and decide how to accomplish them. They need to organize which means they arrange …show more content…
Top managers are going to be the Board of Directors (BOD) and the Chief Executive Officer (CEO). Chief Executive Officers are also known as General Managers (GM). They determine the objectives, policies and plans of the organization. They prepare long term plans and have the maximum authority and responsibility. Middle managers are the Department Heads (HOD), Branch managers, and the Junior Executives. These managers give advice to the top managers, and executes the policies and plans. They also prepare short-term plans and co-ordinate the activities of all the departments. The lower level managers also known as the first-line managers are the Foreman and the Supervisors. They direct workers, develop morale, and maintain a link between the other levels of management. As a general, there are roles all managers must do successfully. When they rely more on verbal communication than written communication. When they also work long hours at an intense pace. Also when they work by characterization by fragmentation, concise, and diverse. There are also three different types of roles managers do. Interpersonal roles are when managers interact with people inside and outside their work units. Informational roles are when managers receive and communicate information. Decisional roles are when managers use information to make decisions to solve problems or take advantage of opportunities. Besides tasks, and roles
Top-level managers are responsible for controlling and evaluating the entire organization. Middle-level managers are responsible for implementing the organizational plans which set by the top management officals. The middle managers act as a link between top-level management and low-level management. Low-level managers focus on controlling and directing. They supervise the employees on their work. Top-level managers include the board of directors, president, vice-president, and CEO. They are responsible for setting goals, strategic plans, company policies, and make decisions for the entire organisation. In addition, top-level managers play an important role in utilizing the outside resources. Top-level managers are accountable to the shareholders and general public. Middle level management includes General managers, branch managers, and department managers. They are accountable to the top management for the effective function of each
Management involves the tactical aspect of day to day functions and who keeps control of the work environment to make sure the organization is moving forward and in the same direction of the company’s vision. Managers are faced with many responsibilities each day, one of which is managing people. The goal of a successful manager is to achieve the highest productivity of the organization by way of the people he/she manages. A manager is more of a problem solver and takes care of work areas relating to people management, time management, decision making etc.
The major functions that a manager completes can be categorized into four different functions known as planning, organizing, leading, and controlling. For some of us, we only see the final two - leading and controlling - but you should know that for every managerial behavior you do see, there is an equal amount that you do not. Behind the manager's closed door, he or she spends a good deal of his or her time planning and organizing, so that he or she can effectively carry out the functions of leading and controlling.
It is so important that managers understand how to manage. This word manage is not just getting employees to conform to a specific thing or a standard. As a leader being able to manage involves planning and leading, organizing and controlling. A good leader or manager may not be able to hone these four areas as an expert right away, but with mentoring, training, and time from upper and middle management the excellence will come. Management is the process of working with people and resources to accomplish organizational goals. Good managers do those things both well and proficiently. To be successful is to accomplish
Manager is a person who is responsible for taking care of all the activities is a scenario & to make sure whatever work is assigned is carried out in a controlled & productive manner. He takes care that the people who are assigned under him are carrying out their duties in a proper manner & working productively towards their goal. Managers can be formal or informal. They can exist in
Managers have many duties and responsibilities in terms of Organizational Behaviour. They have to be able to make decisions, allocate resources, motivate staff, reduce absenteeism or turnover, increase productivity and performance.
When it comes to management there are four kinds of managers that all serve special purposes which are top managers, middle managers, first-line managers, and team leaders. Top managers are the ones in higher position hence the name top, they are executives responsible for the overall direction of the organization. Their duties include developing attitudes for commitment and ownership, creating a positive atmosphere by words and action, and keeping track of the how the company is being run. Top managers can also be known as Chief
A middle manager is responsible for the work and actions of supervisors and their employees, and report directly to senior managers. Senior managers are the individuals that make up the highest levels of organizational management, and have in their hands the responsibility of managing an organization or corporation. Among the most common titles of senior managements we find the following: Chief Executive Officer (CEO), responsible for the entire operations of an organization; Chief Operation Officer (COO), in charge of issues related to marketing, sales, production, and personnel; Chief Financial Officer (CFO), responsible for analyzing and reviewing financial data. Both the COO and the CFO report directly to the CEO. All managerial functions will have different characteristic at different managerial levels, but they all have the same purpose, obtaining the goals. Higher management will inform of their expectations to the middle management, while middle management will distribute responsibilities to all lower managers under their supervision. Finally, supervisors will distribute responsibilities among their subordinates (Hankewicz, 2008).
Managers keep the work force productive and efficient. They oversee how the workers are doing, coach, instruct and delegate work.
§ Hotel industry has high degree of rivalry due to the large number of competitors
Top Managers, Responsible for the performance of all departments, Decide how different departments should interact, Establish organizational goals, Monitor how well middle managers utilize resources to achieve goals
Managers are individuals who are responsible for and in charge of a certain group of tasks or a certain subset of a company. They are essential to every business that strives to be successful. Good managers add to the profits of the company by hiring the most qualified employees, are fair and impartial, and build good relationships with their staff for the well-being of the organization. Bad managers are unqualified for the job, rude and do not communicate clearly with their staff. Businesses should adopt good management practices because qualified managers increase productivity, promote close relationships between employees, and hold themselves accountable for their own actions which will make the business flourish.
The first roles, which is the interpersonal roles is implemented much in the manager management roles. The manager interviewed mentioned that she uses very much interpersonal skills to ensure the ability to work with individuals and groups. This helps the manager to communicate with first-line and top management to process the information. The manager takes the responsibility to motivate members of the organization and ensure the organization keep on track with their goals to be attained. In the liaison role, the manager interacts with media on publicity for the organization to maintain the reputation. The leader role helps the manager to maintain relationship on developing network with the subordinates and media. This role gives the manager a unique position to collect information for her job.
Business management is defined as the act or practice of running a business. Managing is the process of monitoring, controlling, leading, organizing and planning. In the work world there are many opportunities for this major.
Managing the whole organisation is performed by the top level managers. These top level managers include titles such as MD (managing director) or CEO (Chief Executive Officer). These types of managers establish the companies ' goals, mission statements, overall strategy and operating policies. There other major role is in the external environment where they represent the organisation at meetings and functions. The job is very much complex and varied. These managers also make decisions about the company such as building new facilities and plants, whether to enter or abandon different markets etc.