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The term management has a significant number of connotations. In real life, management has been seen to incorporate the following definitions and scope. According to Henri Fayol, management involves to forecast and plan, to organize, to command, to co-ordinate and to control. Fredmund Malik is of the view that it the transformation of resources into utility. Peter Drucker (2005) is of the feeling that the fundamental task of management is a twofold inclusive of marketing and innovation. This paper discusses the nature of managers in real life and envisages on a theoretical scope of management and what one can learn about management.

If you visit a company with a manager serious about his management task and happen to win his attention for a brief interview, you are likely to unlock a lot of understanding about the scope of the work. Management in real life is much demanding. Apart from keeping the workers on the work through peer engagement, they are compelled the duty to make all other ends to meet. Their characteristics are incomplete without mentioning their incapacity to accountability. Despite all the manager-employee engagement, managers are still taught to “hold them accountable” when the company’s performance slips. In the event that it fails to work, then what? Hold them more accountable. Then after that? Hold them imperatively more responsible, which, translated, means turn up the punishment. If you participate in a performance management workshop, you are aware of the drill. Whenever performance is unacceptable, make your expectations known and after, monitor your results. If your performance does not improve, let them know what will happen if they do not fix it. Otherwise something will fall off the hook.

Theoretical scope of management

Management means identifying a mission, drawing objective, designing procedures, establishing rules and the manipulating of the labor of an enterprise to contribute to the success of the enterprise. That implies and calls for effective communication. As such, management cannot be termed as a manipulation of a mechanism. It is not synonymous to the herding of animals. It can, however, occur in both a legal as well as an illegal enterprise or environment. Management need not be seen from an enterprise point of view alone. That is since management is an essential function to improve one’s life and relationships. Management is present everywhere and it has a wider range of application. On that basis, management must comprise communication, humans, and a positive enterprise endeavor.
To clear the doubt, plans, motivation, measurements, goals, and economic measures (e.g., profit) may or may not be necessary elements for there to be management. Initially, one views management functionally, such as a measuring quantity, adjusting plans, meeting goals. This applies even in occasions where planning does not take place.

Management is involved in the planning, controlling, staffing, leading, organizing and coordinating. Each of these variables have their own unique value to adding towards goals achievement. Planning involves drawing a designed way to earn desired goals. Staffing adheres to delegate duties to workers to join hands to yield the goals. Organizing means placing all materials and staff according to plan while coordinating means ensuring all things run jointly towards the a similar goal. Leading involves guiding through complexity and finally controlling means steering in a particular direction. All these variables have a common output and the better their placement, the better the results.
What I learn about management

First one learns that the management in businesses, firms or organizations is a combination or a function that coordinates the efforts of people to accomplish goals and objectives using effective and efficient use of the available resources. One habit of thought considers management as equivalent to “business administration” and that excludes management in places outside commerce, in charities and in the public sector. More broadly, every organization must manage its work, people, processes, technology, etc. to maximize effectiveness. I have seen many people refer to university departments that teach management as “business schools”. As such management is a term most significant to mean leading a business enterprise, its staff and resources to achieving objectives.

Secondly, in the current era management is seen to be a function of six functional variables which includes forecasting, planning, organizing, commanding, coordinating and controlling. As planners, the management is devoted to a task of deciding in advance what needs to get done so as to achieve the best in the future that is it generates fit plans for action. As organizers, the management ensures that the human capital and nonhuman resources are put into place best matching their potential in order to produce best level of output. As a coordinator, the management creates a structure through which the goals of an organization can get accomplished. Further, as a commander, the management adheres to determine what must be done in a situation and with immediate plausible effect, gets labor to do it. Finally but not limited to only these, the management as a controller takes the task of checking progress against plans.

Thirdly, interacting with the management makes one understand and deduce their typical roles in businesses. The role of management is comprised but not limited to the following categories: interpersonal roles, informational and decisional roles. Interpersonal functions of the management involve the coordinating or matching employees as well as interaction with the employees. The second (informational) role involves the handling, the sharing, and the analysis of information. The third role is the decision role which includes or comprises of all functions which relate to the decision making matters of the management. Therefore, directors and managers of companies should be enacted an anonymity of authority and responsibility to make decisions aimed at directing an enterprise towards its endeavors to achieve success.

It is also noteworthy that as a discipline, management encompasses the interlocking functions of formulating corporate policy and organizing and directing a firm’s resources to achieve a policy’s objectives. Further, it is worthy to note that the size of management varies. The management team can range in numbers from one person in a small firm to hundreds or thousands of managers in multinational organizations. In large companies, the board of directors formulates the policy that the chief executive officer implements. It is also worthy to mention the management mostly consists of three levels namely first, middle and top levels. At each level, the managers are classified in accordance with a hierarchy of authority and different level managers perform various tasks. The number of managers in every level is in the shape of a pyramid. That means that the first level managers are the most. This is followed by the middle level and at the top, the highest-ranking managers are the fewest in every company.

Sherry Roberts is the author of this paper. A senior editor at MeldaResearch.Com in nursing writing services. If you need a similar paper you can place your order from best custom term papers.

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