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Management - Research Paper Example

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Management Name: Institution: Management Introduction The term management is fairly relative and has many different definitions. In all organizational and business activities, management can be defined as getting members of an organization together to use the available resources in accomplishing the desired organizational objectives and goals (Daft, 2011)…
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Management

Download file to see previous pages... Proper management is crucial to the success of any business or organization. However, if management is poor, it may end up having more disadvantages than advantages for a business or organization. This paper will discuss the need for management, highlighting its pros and cons. The need for management The need for proper management in any organization or business can never be underestimated. Businesses are ongoing activities that cannot operate on their own. Just as a car needs a good driver to steer it to its destination, or a ship needs a sailor to lead it to its destination, so does a business or organization requires a good manager(s) to lead it to success (Griffin, 2010). It is important to note that management can either aid or deter the success of a business or organization. With proper management, a business or organization will have set goals and objectives that it aims to achieve, and it will most likely succeed at achieving them. On the other hand, without proper management, businesses and organizations are likely to fail since improper management is worse than no management at all (Kochan & Schmalensee, 2003). Therefore, management has its pros and cons in any business or organization. Pros of management Proper management usually has very many advantages for businesses and organizations. Management helps organizations and businesses to achieve group goals. Through management, the factors of production can be arranged together, and resources can be organized and assembled (Kochan & Schmalensee, 2003). Management can then integrate the factors of production and the available resources in an effective manner that will assist in the achievement of goals. Management can direct all group efforts and resources towards goal attainment. Management is also responsible for defining organizational objectives, thus minimizing the waste of effort, money and time (Plunkett, Attner, & Allen, 2007). Management also ensures that there is optimum and proper utilization of organization resources. This is by making productive use of all human and physical resources that are available. This promotes efficacy within an organization or business. Management selects the best possible use of scarce resources, thereby ensuring optimum utilization. The need for management is also important because an organization’s management makes use of the services, knowledge and skills of professionals and experts in achieving organizational goals (Kochan & Schmalensee, 2003). Therefore, if management ensures that both physical and human resources are producing their maximum results, then management is totally necessary in any organization or business. Management is necessary in a business or organization because it is responsible for reducing costs. Management should ensure that maximum results are achieved through minimum input. This can only be possible if management carries out its core functions. The core management functions include planning, staffing, coordinating, organizing, leading, directing and controlling (Daft & Marcic, 2010). When planning, management is responsible for setting objectives and deciding the best possible courses of actions that can be taken to achieve the predetermined objectives. In the staffing function, management is ...Download file to see next pagesRead More
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