The concept of management refers to the process of planning, organizing, staffing, directing, coordinating, and controlling to achieve organizational goals. It is the management of human, physical, financial, and other valuable resources of the organization in an effective and efficient manner to achieve business objectives.
Different people have conceived and defined management in different ways. But, the essence of management lies in determining worthwhile goals and then carefully selecting and utilizing resources through efficient and effective planning, organizing, actuating, and controlling to achieve those goals.
You are a manager. What does this mean? The word derives from the ancient French word for handling horses and a later one for handling the affairs of the kitchen. Cynics might replace horses with donkey, but all would see the analogy of keeping an organization alive through the activities of the kitchen. Probably the one that is most simple, popular, and often quoted by many in general is "getting things done through other people."
Let us now look at different definitions that highlight important aspects of management.
From these definitions, we can infer that the principles and the techniques of management are not only applicable to the business world but they can be equally applied universally. They also find application in social, religious, charitable, and non-profit organizational contexts.
Essentially we can conclude that management is the integration of human and other resources in a manner that leads to effective utilization and harmonization of the individual efforts with organizational goals.
There are four characteristics of leadership that help us to understand the character of leadership as a concept. 1. Leadership is a process, 2. Leadership involves influence, 3. Leadership always occurs in a group context and 4. Leadership involves goal attainment. These are the four components that make up the character of the 'leadership' term and help us to define the leadership concept. All of these components of leadership have common characteristics.
There are four major factors in leadership called Leader, Follower, Communication, and Situation. The success of the leader is dependent on how the leader is effectively able to communicate and motivate followers to perform desired tasks using the appropriate leadership style best suited for the given situation. Interdependencies and dynamics of these four factors of leadership must be considered by a leader to be effective.
Modern Approaches to Management
The modern approaches to management look at organizational management in the current context. They take a holistic approach and look at organizations as a collection of interrelated parts influenced by both internal dynamics and also the larger external environment. These modern management theories have played a significant role in the evolution of management studies.
Emergent leadership occurs when a group member is not appointed or elected as leader, but rather that person steps up as the leader over time within-group interactions. Have you ever faced challenges in getting accepted into your new role of position as a leader? Groups don't automatically accept a new "boss" as a leader. Emergent leadership is what you must do when taking over a new group. Learn more about emergent leadership.
Hawthorne Studies - Leadership
The Hawthorne studies were conducted on workers at the Hawthorne plant of the Western Electric Company by Elton Mayo and Fritz Roethlisberger in the 1920s. This study established the behavioral change that happened due to an awareness of being observed, resulting in active compliance with the supposed wishes of researchers, because of special attention received, or positive response to the stimulus being introduced.
The concept of management refers to the process of planning, organizing, staffing, directing, coordinating, and controlling to achieve organizational goals. It is the management of human, physical, financial, and other valuable resources of the organization in an effective and efficient manner to achieve business objectives.
Taylor’s Scientific Management
Taylor’s theory of scientific management aimed at improving economic efficiency and labor productivity. Taylor had a simple view that money motivated people at work. He felt that workers should get a fair day's pay for a fair day's work, and that pay should be linked to the amount produced. He introduced the differential piece rate system, of paying wages to the workers.
Team Foundation in Forming Stage
This is the first stage of team development. This is the stage when the foundation of the team is laid. During the Forming stage, team members have a high dependence on their leader for guidance. Learn the practical strategies you can use during this stage to help your team develop into a highly effective performing team.
Process & Stages of Creativity
Creative ideas do not come just like that. There is a process to it. There are a number of techniques of creativity to support the generation of ideas but the widely practiced ones are brainstorming and lateral thinking. Most innovations are not so much the product of sudden insights as they are the result of a conscious process that often goes through multiple stages. The creative process can be divided into four stages of preparation, incubation, evaluation, and implementation.
Have you ever resonated that there seem to be as many different ways to lead people as there have been great leaders? When we recall the success of Mahatma Gandhi, Nelson Mandela, Abraham Lincoln, Napoleon Bonaparte to Steve Jobs and Jack Welch, we also notice that they all used different approaches that were suitable to their specific situations and circumstances. Over the last century, researchers and psychologists have developed simple ways to describe the “Styles of leadership” and in this section, we will explore these commonly known leadership styles.
© 2023 TechnoFunc, All Rights Reserved