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Management in organisation - Essay Example

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The Importance of The Theories & Concepts of Management in Managing and Leading Organisations and the Importance on the Management of Organisational Life Introduction This paper examines the concept of management into detail. In attaining this end, there would be an enquiry into the importance of management and the importance of the knowledge of management…
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Download file to see previous pages To this end, the research would use the dominant theories and concepts of management and try to infuse it with the success of organisations Organizations & Businesses “Organisations are social entities that are goal oriented and are designed and deliberately structured to meet certain objectives” (Daft, 2009). An organisation involves people who come together to work together to attain certain results. An organisation revolves around the collection of various individuals and groups of people who work together to attain these stated ends. This means that the organisation has some social elements which culminate from the interaction of these different peoples who affect and are affected by the organisation. Also, an organisation works through the combination of various inputs for the attainment of specific results. This means that there is the need for some kind of person or groups of people to work and ensure that the organisation meets its stated and defined ends. “Organisations take inputs from the society and process them to outputs and offer it to the society” (Archer, 2012). This means that an organisation is more of a system that plays a role in the extraction of resources from the external environment, adding value to it and giving it to members of the society. It is therefore inevitable to have people within the organisation who have the duty of ensuring that the right things and the right proportions are met in attaining the end of the organisation. A business is formed when people pool their resources to form an organisation which has the primary aim of maximising returns on the investments of the owners or the people who pooled the resources (Hill, 2010). The owners or shareholders of such entities have the profit motive and they ensure that they have representatives who work hard to attain this profit motive for the organisation (Paddington, 2009). This group of people are known as the management. The management of an organisation or business have the right to use the resources of the organisation to the best interest of the owners (Millichamp, 2008). The fundamental role of management is to work hard to attain the objectives of the organisation that they work for. Management have to use various techniques and tools to combine the factors of production: land, labour and capital to attain optimal results for an organisation or entity (Ruda, 2008). In order to do this, there is the need for management to use a wide range of techniques and tools to come up with the best strategies and formulas for the attainment of organisational goals and objectives. This is done through the use of important management science and principles which provide the right combination for the various levels of management in an organisation. Strategy & Management Theory Management theories and principles define the roles of people who are tasked with management. The theories often refer to the established ideas and concepts that provide the best framework for running a corporate entity (Jain, 2008). Management theories also helps an organisation to divide up work and break down its core tasks (Murugan, 2007). Management theories help managers to come up with the best ways of dividing up work and defining functions in a given business. From there, work is broken down and the span of control of each unit of the organisation is defined (Murugan, 2007). The division of work to the various ...Download file to see next pagesRead More
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