Primary Role of Management
Management is wide subject to deal with, especially considering a company. It covers everything from financing, resource mobilization, production or client servicing, strategy planning and much more. It will be tough to analyze the primary role of management in a couple of pages, but we can definitely try to summarize the same in a few words. First let us clarify the foundations that build the management. The main foundations are managing, decision making and taking care of the external environment and the organizational culture.
It is of primary importance that decision making is crucial for the organization and implementing a sound organization culture in the company and at the same time they need to ensure a sound relation with external environment. At this juncture we must acknowledge the planning part of the management. It covers a wide range of aspects, which are crucial to deliver value driven results. The points are: 1. Strategic planning and management 2. International management planning 3. Entrepreneurship
4. Corporate responsibility and company ethics All these are vital for a proper running of a company. Without sufficient planning and organizing no job can be managed effectively. Every sphere of the business needs to be well planned, strategically thought after and executed. But planning alone will not ensure the results. Hence, the word execution is used in the previous paragraph. This means successful implementation. This is another aspect that the management Role of Management 2
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needs to take care of. In this matter of implementation three aspects or areas need to be checked. These areas are primarily: 1. Organizing, which helps in building a dynamic organization 2. Leading the people in the organization 3. Controlling the changes and learning on the way When we think about organizing, it means, building a sound organization structure, nurturing it with positive human resource management and managing the diverse workforce into an agile work environment.
At the same time leading the workforce with right kind of leaders, who will motivate the team, ensure teamwork and communicate and train effectively in order to establish a performing company. A strong and spirited leader can manage the team very soundly and get the job done within he stipulated timeframe. Hence, selecting the right kind of leaders is an important aspect of the management. But above all what is required is effective controlling. It covers the areas of managerial control, effective management of technology and innovative ideas and of course implementing and managing the change.
Since change is a constant factor in any business, effective control of such change is vital for the smooth running of the organization. Taking into consideration all the above facets of management, we come into a conclusion that management’s primary role is that of controlling every aspect of the business. It is a gamut of many vital tasks, which integrates into a single management, making it the, the most important factor of any successful business.