The importance of management have been proved a million of times, however, we selected the most important reasons.
Why Management Is Important in an Organization
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Management is the establishment and coordination of activities in an organization to achieve the set objectives. Management consists of planning, organizing, staffing, directing, and controlling resources to achieve the set goals. It is a very crucial role in an organization or institution and contributes significantly to the success of the business.
There are five main reasons why management is important in an organization. Planning is a way of developing expectations, anticipating difficulties, and helping in decision-making. It involves setting objectives and ways on how to achieve them. It is of great importance to analyse plans as situations, priorities, and prospects change over a period. Secondly, organizing is the development of relationships among workers and making the best use of the resources present to carry out the set plan. The organization helps in the participation of members of an institution in decision-making. Excellent team leads to better performance.
Another function of management is staffing. It is the process of employing, preparing, compensating, placing, and assessing members to facilitate the success of an operation. The human resource management is responsible for proper staffing of people with skills that meet the required jobs. Leading is another function of the directorate. It involves motivating and encouraging employees towards a high level of production.
Not all managers portray the role of a leader. Employees choose to follow directions of a leader just because they have believed in what he or she says. Controlling is the last function of management. After all the tasks have been accomplished, the manager compares the set standards with the actual standard. If there is any deviation, a corrective measure is taken to work towards the set goals.
Management is vital in any activity being carried out. Sound management results in sound output. The characteristics of a good manager require one to be reliable; this is a person who can be depended on to produce something good and is available when needed. Flexibility is another character trait that a good manager should have. A manager should not be rigid in making some decisions. He or she should be ready for a change. A good manager should have respect towards his subordinates. He/she should treat people with respect for him to also gain the respect deserved.
A manager should be adequately organized. He/she should keep track of everything going on. Good managers should be accountable for all actions taking place in an organization. They should know why each activity is being undertaken. He/she should have excellent communication skills. Good managers should be able to listen to employees, thus setting a good example for the workers they are managing. Lastly, good managers should be creative. They should be able to identify a problem, analyse it, and find necessary solutions.
These are the factors that create a base for a successful management. There are several principles of management. Firstly, discipline is a process that helps in smooth running of organizations. The other principle is the decision of choosing and allocating labour. Employees are specialized in different fields. Therefore, they share work to ensure proper functioning in an organization. This principle helps in ensuring work is done. Another principle is unity of command. This process entails employees receiving orders from the manager. Unit of direction is also present to provide focus and unity.
Another principle is motivation. Employees need to be motivated to ensure high productivity. Other policies include order equity, the stability of tenure initiative, striving for unity and involvement, scalar chain, and the degree of decentralization. Management and power for decision-making should be properly balanced.
Management plays a critical role in society. There is proper utilization of resources. It helps in efficiently utilizing scarce resources. Secondly, it motivates employees and thus it increases productivity and profitability. Employees are motivated by financial services and other incentives by the management. These incentives help improve efficiency and willingness. Thirdly, it helps in the reduction of wastes.
The management uses many ways to reduce human and financial resources through proper production and controlling of the available resources. Also, he/she deals with the reduction of costs of production through proper management. They use the principle of cost minimization to maximize output. Managers help to combine all resources in a manner that reduces holding and production costs. Good management facilitates coordination of work. People can perform the required functions and establish a response relationship and accountability.
Managers face some challenges in their day-to-day activities. Team conflicts arise where a manager wants employees to work as a team, but employees are not on good terms. Thus, a manager at times doesn’t want to come in between workers. Burnouts take place when most managers are not given adequate time to relax. This is because maybe there is no one to replace them when they are out.
Confrontation arises at times when a manager faces opposition by employees. They come together and start working against the manager. Thus, the manager loses control over workers.