Management Practices

Management Practices

Defining Management

Management is a set of activities (such as planning and decision making, organizing, directing and controlling human) resources directed at the organization (human, financial, physical and information) and performed with the aim of efficiently and effectively achieve the objectives of the organization.

Discussion

Management is a science and practice which becomes integrally important in today's business world. The internal and external environment has become more competitive and sharp in a manner that its implementation has become competitive advantage for the organizations. The sharp change in the business environment has amended the overall picture making developing the importance of certain concepts like: Planning, Leading, Organizing, Staffing & Controlling. Businesses around the world is developing and constantly changing because globalization factor changed the meaning and way of doing business. Companies are developing strategies this requires constant attention for the management in order to develop these strategies. The challenge for the manager is to seek greater efficiency and effectiveness and where strategy information presents themselves as elements of greatest impact in business administration. Diagnose scenarios and actions establish short, medium and long term is the best way to properly allocate available resources: human, technological and financial (Hess, 2002).

Today organizations face a number of issues with the respect of planning and organizing things and matters. Market Conditions have now changed technological, economic, political, social, cultural act. Each of these factors requires companies to be in constant changes of greater or slighter impact, but it is necessary in an almost mandatory to meet the needs generated for the company falling into losses that are regrettable not only for the owners or partners but for the whole organization's human resource.

During the span of my last job, I have particularly analyzed the importance of organizing and leading. Business and administration is now totally dependent on activities of leading and staffing. These are not only the name of act9ivities but there is a whole approach behind these words and its importance can only be evident in such a case when one is on job or managing the departments. There are a number of issues which they have to deal on daily basis. These activities are directly related to productivity or profits that have generated sales of their products or services, and more so when customers back again to buy your products or services, this joy does not have to be hindered by the different changes or needs as there are companies or professionals offering services to meet these requirements (Hamel, 2000).

Increasing flexibility in management systems ensure greater dynamism because the all these factors had a great impact on developing organizational productivity. Increased flexibility is made possible by computers and all elements that provide computer.

Planning is one of the leading and functional activities of management. A manager needs to organize, coordinate and control he must have a plan, otherwise, subsequent activities have no purpose or direction. What actually still take are decisions taken without planning the activities. Planning function involves designing and estimating future developments of the company, ...