BUSINESS MANAGEMENT

Business Management

Business Management

Introduction

This paper intends to review the course of business management. My personal understanding of the major learning aspects from the complete program will be explored. Moreover, the utilisation of the theories studied in everyday situation will be focused in the paper.

Discussion

This course of business management made me recognize the fact that management must be considered as a practice not as a science. Management styles vary due to the human involvement. Every manager has its own personal and unique style to manage. One can just not say that this particular style to manage is best and others are worse. As every organisation has its own culture, the responsibilities and activities of a manager vary according to that culture.

In the study of this course of business management, I have made clearer concepts regarding the main differences between a manager and a leader, characteristics of both and different management styles that prevail in the corporate environment. My concept regarding the difference between a manager and a leader is much more clear and concise now. The major difference between the two lies in the fact that how they are able to motivate people who work with or under them. Managers have subordinates to supervise, whereas leaders have followers who love to follow the styles of their leaders.

Managers usually have authoritative style and they seem to be transactional in their work nature. Managers are always focusing on work; managers usually come from well settled families living comfortable lives which help them becoming averse towards risk. On the other hand, leaders possess charismatic style and they seem to be transformational in their work nature. Leaders have the ability to make people follow them without even forcing them to do so. Leaders are more people focused rather than work focused. They focus on people in order to get the best work done. Leaders are considered to be risk seekers.

Leaders tend to become managers but it is not necessary that all managers have the ability to become leaders. The main components of a manager's role includes being a spokesperson, a monitor, a disseminator, managers need to focus on place, people, mission and vision of the organization. Being a negotiator, figurehead and even leader can come under the management roles (Rudolph, Ken, 2005 Pp. 180-240). The main component of a leader's role is being a best possible communicator. Leader needs to communicate in an effective manner to make followers. Leaders tend to promote the growth of both, the organisations and employees which is not necessarily done by the managers. The main styles related to management I have learned are autocratic, consultative, persuasive and permissive. I found the consultative style of management one of the best.

The next unit of the course was related to performance at work. Through this unit I was able to understand the importance of training in the corporate environment. Moreover, I realized how important is to evaluate the performance of employees and reward them accordingly in order to keep the employees ...