The concept of management refers to the process of planning, organizing, staffing, directing, coordinating, and controlling to achieve organizational goals. It is the management of human, physical, financial, and other valuable resources of the organization in an effective and efficient manner to achieve business objectives.
Different people have conceived and defined management in different ways. But, the essence of management lies in determining worthwhile goals and then carefully selecting and utilizing resources through efficient and effective planning, organizing, actuating, and controlling to achieve those goals.
You are a manager. What does this mean? The word derives from the ancient French word for handling horses and a later one for handling the affairs of the kitchen. Cynics might replace horses with donkey, but all would see the analogy of keeping an organization alive through the activities of the kitchen. Probably the one that is most simple, popular, and often quoted by many in general is "getting things done through other people."
Let us now look at different definitions that highlight important aspects of management.
From these definitions, we can infer that the principles and the techniques of management are not only applicable to the business world but they can be equally applied universally. They also find application in social, religious, charitable, and non-profit organizational contexts.
Essentially we can conclude that management is the integration of human and other resources in a manner that leads to effective utilization and harmonization of the individual efforts with organizational goals.
Investment Theory of Creativity
Sternberg in the year 2006, proposed the investment and confluence theory focused on understanding creativity. According to the investment theory, creativity requires a confluence of six distinct but interrelated resources known as intellectual abilities, knowledge, styles of thinking, personality, motivation, and environment. It emphasizes that creativity is not about one thing, but about a system of things.
Process & Stages of Creativity
Creative ideas do not come just like that. There is a process to it. There are a number of techniques of creativity to support the generation of ideas but the widely practiced ones are brainstorming and lateral thinking. Most innovations are not so much the product of sudden insights as they are the result of a conscious process that often goes through multiple stages. The creative process can be divided into four stages of preparation, incubation, evaluation, and implementation.
Management Principles by Fayol
Henri Fayol (1849-1925), a French industrialist and a prominent European management theorist, developed a general theory of management. Fayol outlined the fourteen principles of management.
Taylor’s Scientific Management
Taylor’s theory of scientific management aimed at improving economic efficiency and labor productivity. Taylor had a simple view that money motivated people at work. He felt that workers should get a fair day's pay for a fair day's work, and that pay should be linked to the amount produced. He introduced the differential piece rate system, of paying wages to the workers.
Principles of management are fundamental concepts and advisory guidelines for managerial decision making. By using management principles, managers can more easily achieve the objectives and avoid making mistakes in their activities. Management principles can be applied to any kind of organization and to managers at all organizational levels.
Many different types of teams have been identified by social scientists. Managers may encounter the diverse types of challenges while managing different kinds of teams. Challenges associated with Cross-Functional Teams might be different from that of a Geographically Dispersed Team or a Virtual Team. This article explores some common categories and subtypes of teams.
Teams are part of the modern organizational culture. Whether you are a team leader or a team member, having a better understanding of how teams work, and being able to identify where the team is in the process, is a critical part of ensuring the team is ultimately successful. Start with the basics and understand what a team is and what role they play in an organization.
Modern Approaches to Management
The modern approaches to management look at organizational management in the current context. They take a holistic approach and look at organizations as a collection of interrelated parts influenced by both internal dynamics and also the larger external environment. These modern management theories have played a significant role in the evolution of management studies.
Productivity is defined not in terms of the number of goods produced, but in terms of value-added per employee. Customers don’t really buy goods and services but in fact, they buy a value - something they value. The future is all about tangible products fulfilling intangible needs. Ideas like this can transform a business and provide them a competitive advantage to thrive in the future.
The development of teams is an ongoing process because the composition of the team may keep on changing. The new members may join and the old members may leave the team. The team members pass through several stages for the development of the team and there has been a lot of research to identify these stages. In this article, we discuss the common theories of team development.
© 2023 TechnoFunc, All Rights Reserved