Monday, 6 February 2017

Concept of Management

The concept of Management is used to refer to employees who are in the top management of an organization and are therefore responsible for her toughest decisions.

This term is also used to designate those who occupy the position of Manager and are responsible of supervise and coordinate the work, workers and the institution.

Management is responsible for the success or failure of a business. Is supposed also that them managers try of that all them employees subordinate their desires to a target more that them private.

Types of management

There are three types of management:

  • Management heritage (is that in where them charges important are in hands of those who are owners of the company)
  • Political management (high command positions are assigned according to political trends)
  • Management by objectives (there all those efforts are running to a target common).
Those organizations that are organized in a traditional way have three levels of management: first line, middle and high level.
Management functions

A manager has to fulfill four functions simultaneously: the planning, organization, direction and control. We are going to expand each of these features a little.

The first, planning, is the first function that is executed and where establishing a plan certain to reach one or more objectives. These objectives should be carefully planned and set a time to carry them out in the second stage, Organization.

This second stage is How to carry out what was planned in the previous stage, if there will be costs involved, the time needed, the structure that is needed and others.

The third stage is the address, is where motivation, stimulation and guidance towards employees and the Manager must develop leadership toward them also, will make employees go together towards the purposes of the company.

Finally there is the control, is where each outcome is measured in qualitative and quantitative way and based on them make different decisions for example, if something was wrong you have to an analysis that allows identifying faults and correcting them.

The objectives of the management

There are, on the other hand, objectives that the managers must enforce in an organization, these are:
  • Position of the company in the market
  • Innovation in every sense
  • High productivity and quality at the same time
  • Optimize the use of financial and physical resources
  • Profitability as to make the benefits of the Organization, performance, and management development
  • Performance and attitude of the worker
  • Social responsibility
This last objective must be complied with by the company as a return to the society, doing good deeds, for example as part of the program of corporate social responsibility a company can help a school dining room, the environment or a refuge for abandoned animals.

The most important role of the Manager is to use resources of the company as efficiently as possible so that, in this way, they can take advantage of and obtained from them the greater number of possible benefits, obtain the largest possible utility.

At the end of the 20th century the management of a company is classified in different branches:
  • Personnel management
  • Operations management, or production management
  • Planning strategic
  • Address of marketing
  • Management of education
  • Management of finance corporate
  • Management of information technology