User:Ranapotu
INTRODUCTION:
Management is to direct or run or control an organization into the particular path designed by the board of members in organization’s perspective. It plays an
Important role to lead the employees into certain designed path which leads to company success in desired timeline. It controls the employees to move in a correct path. It is to correlate the resources available to the planning process. Management is to supervise or give guidance to the employees in reaching the particular goal. In an organization if management is not in proper path. The organization will fall without any second chance. It is the main pillar in an organization. Management is a discipline that consists of five general functions: Planning, Organizing, Staffing, Controlling and Leading. Responsibilities can be divided in to three different process operating process, financial reporting process and compliance process. Operating process involves a strategic decision, to improve efficiency and developing visions and goals, marketing company products and services.
DEFINITIONS:
Organization:
A group people formed like a team for the particular purpose such as to run a business or government etc. In company’s perspective organization is a group of people working towards the goal of the group.
Management:
It involves identifying the objective, scope, procedures, rules and set goals and manipulation of the human capital to the success of the enterprise. It will control the things in an organization.
Leading:
Leading means to lead the group of people or team towards a goal-oriented path having a vision and mission. The leader will lead the organization to reach its goal.
Staffing:
Recruiting the right talented staff into an organization. Have to check his abilities and strengths who can contribute to an organization. Then later management has to confirm that he had trained successfully for the role he was selected, and management will monitor him during his probation. As he is new to management, they will analyze the person strengths and weakness and allot him the work to which he is suitable for.
Planning:
It is the procedure or operation to make a plan for something. Management will plan the path towards the goal and asks or guides all employees towards it. If the path is planned correctly, the accomplishment of the goal will be easier. Before planning it has to think about the risks involved and must plan to overcome them. To achieve any type of goal planning is needed. Without a plan we cannot reach any goal unless it is a luck.
Hierarchy:
Board of directors of the company or the owner of the company, we call him/her hierarchy because he will suggest or rule the company on his own decisions
Manager:
Who manages or guides the team into designed path. He will take care of the team or division under him. He will be responsible for any loss or profit from his division or team.
Board of directors:
Group people in the top management are formed to make quick decisions for the development of the company or organisation. They will give suggestions to the CEO t execute the plan designed by them.
Top management:
The management who are responsible for the work and goal-oriented tasks and seeks the status of the tasks. They are people who owns the company or who manages the operations in the company.
Middle management:
These are next to the top management these roles include the divisional manager or manager in an organization.
MAIN CONTENT
Here we can divide management into three levels
· Top Management
· Middle- Level Management
· Line and Staff Managers
Top management:
They are responsible for the main decisions which are important to the company or organization. They set the goals of company and will make decisions which will impact the overall organization. The leadership role can be expanded to particular divisions or departments such as finance, marketing, human resources department or operation management department. They will give guidance to the below managers and management team. They give solutions to the problems. The members are of roles who designated as CEO, COO, CFO etc.
CEO – Chief Executive Officer:
It is the dream of every individual in corporate company or corporate organization. He will be reporting to the board of directors means answerable to board of directors. He must develop a strategy for the company and its success. He should meet the other top-level managers and give suggestions and solutions in boosting the company success. He is the person to look into future of the company which is decided by his decisions. He leaves the operations and decision making to the middle level of management.
COO – Chief Operating Officer:
He is ranked the second topmost position to the company. He is in charge for the key operations in an organisation. He should monitor the status and anticipate the risks inn future operations. He will be directly reporting or answerable to the CEO of the company means he works under the CEO guidance. He monitors the results, performance and efficiency of the company.
CFO – Chief Financial Officer:
He manages the macro level finances of an organization. He will track the spending and expenses, profits and losses of the company. He should write a report if requested by CEO. He will keep the approval file Infront of board after CEO approval to get the funds required for the company.
Middle-Level Management:
They are mediators for the top management and low-level management. They get suggestions from the top management and these middle level managers will guide or pass the information clearly to the low-level employees. These managers are sub-ordinate to the hierarchy. Hey are the heads of the certain departments or divisions in an organization. They are accountable to the certain loss or profits in their department. The roles include branch managers, general managers, department managers etc. He executes the plans given by the top management and he is responsible to implement it in correct procedure. They communicate the low-level problems to the top management and request solutions for the particular problem depend upon the category of the problem. In some small companies it could increase the cost of employees unnecessarily. They should get paid more than junior level staff.
Low-Level management:
They focus mainly on controlling and directing the team which they supervise. Their responsibility is to assign tasks to employees and recording day-to-day activities and ensuring the quality and quantity of production. And listen to the low-level problems and up channeling them. These are the actual workers of the company or an organization. They are called front-line team members. The activities include to assign jobs to various workers or employees and to provide training to the workers. They will arrange the necessary tools and machinery required. They will listen the problems of the workers takes to middle level management and get it solved as soon as possible. Its functions are to act as mediator channel between management and labour, to maintain the better human relation, to arrange and acquire required resource and equipment, to motive the labours, to ensure work is one in a safety environment. The roles include supervisors, Foremen, Inspectors and any similar positions in different organisations based on their productivity and manufacturing. They will be the role models for the employees as they would interact with the staff and resolve their problems.
There are three different types of management
1. Persuasive Management style
2. Democratic Management style
3. Laissez-faire management
Persuasive Management Style:
In this type of management, the managers will engage with employees and spend a lot of time with employee. As they will monitor the work on day-to-day basis and these managers will get involved in their work lives.
Democratic Management Style:
A Democratic Manager will invite the team members and ask them to involve in the decision-making meetings. This opportunity will allow the manager to understand the skills and advantages that each employee possess. This type of management is very successful when managers develop organizes and streamlined decision-making processes. Otherwise if we accept everyone ideas and implement them then the process will be sluggish and disorganized.
Laissez-faire management style:
This style of management allow the team member or employee feel like they own a part of the project and assume like their own and starts contributing to it wisely.
Conclusion:
In Management the Manager plays an important role than anyone he is the one must take decisions and have to set objectives and must motivate the team and track the work and solve the issues if any occurred and must assign task to different people. He plays an important role in recruiting staff so that he can choose the best in his options and make them work as he intended do. He has the many tasks in an organization. We will discuss them below.
The primary task of Manager is to set and achieve the objectives accomplishment and to maintain the success. He must have the control over the staff or team members do, how they are implementing it and what are the factors that effecting or helping team reach success. Manager must possess leadership skills to lead the team or any organization successfully.