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Management - Coursework Example

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Management Management is an essential activity, which is an intricate part of every organization. It almost pervades with every aspect of the organization. Management might be described as the specific group of formally formed individuals who tend to carry out the process of organizing, planning, directing and controlling the activities of the organization…
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Download file to see previous pages The definition of management is viewed in varied perspectives. Initially, it was viewed as an art of getting the work done. But this view has evolved in course of time as management is seen as something more than just getting things done. It was strongly believed that a good management should pave the way for the growth and development of the organization rather than merely focusing on job done by the employers. Harold Koontz sees "management as the art of getting things done through and with people in formally organized groups." (Akrani 2011). It is an art of creating an environment where employees perform their allocated tasks optimally as separate individuals yet cooperate among themselves with a view of attaining the organizational objectives. Later, management was seen as a process by which managers create, direct, maintain and operate purposive organizational goals through systematic coordination and cooperation. It is the distinct process by which managers plan and carry out all the activities of the organization in order to accomplish the goals by the efficient use of the manpower and other resources in hand. When we refer to the management, we not only refer the group of managers who organize and plan, but also the continuous set of processes that aids the managers to develop different strategies for the organization. Although, Steve Jobs was not alive when iPhone 5 was released this year, the pre-set processes developed by him and his management only facilitated its launch. Better handling of the process with cooperation will ensure better management. At the same time, strategy formulation is not the end of the task of the management, they have to aptly implement or operationalize it. This indeed improves the organizational as well as the managerial abilities of the concern. “The failure to balance the tensions between strategy and operations is pervasive: Various studies done in the past 25 years indicate that 60% to 80% of companies fall short of the success predicted from their new strategies.” (Kaplan and Norton 2008). A complete analysis of the strategies as well as its implementation process by the management will bring out better operational goals by the organization. Overall, management brings together all the resources of any business concern such as the manpower, money, machines, methods and market as a whole, and uses it optimally for success. Thus optimum utilization of the resources by the management will ensure better results in achieving the organizational objectives. In short, the term management is concerned with the goal determination, policy formulation, strategic planning and overall control of the organizational activities. Characteristics of Management “Management is the art of getting things done through and with people in formally organized groups, the art of creating an environment in such an organized group where people can perform as individuals and yet cooperate toward attainment of group goals” (Koontz 1961). Thus, management consist of a group of individuals or an individual who keenly analyze all the resources, formulate ideas, utilize the existing abilities and take the strategic decision that would serve for the betterment of the organization. Thus managerial ability is not a technical skill to be attained but involves a ...Download file to see next pagesRead More
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