Management

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Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively."[1]

"Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively."[2]

Management skills articles

Effective managers have to have a variety of skills and attributes in order to be successful.

Harvard Business Online and Harvard Business Review

Management by objectives

See also: Management by objectives and Goal setting

Management by objectives (MBO) is a process where a manager and employee agree on goals and then develop a plan to achieve them. The goal is to align objectives throughout an organization and increase employee participation and commitment. MBO is a strategic approach to enhance the performance of an organization.

Steps in the MBO process

SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.[3]

1. Set goals

2. Set realistic goals. SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.[4]

3. Jointly participate in goal setting, planning, and controlling

4. Provide feedback

5. Collaboration with employees

6. Assess progress

7. Reward excellent performance

8. Encourage improvement

9. Review goals

MBO categorization

MBO objectives can be categorized into three types:

1. Strategic: Broad, general objectives determined by company management

2. Tactical or Team: More specific objectives set for teams or departments

3. Operational or Individual: Specific objectives belonging to an individual

Organizational execution

See also: Organizational execution and Business execution

Organizational execution, also known as strategy execution, is the process of translating an organization's strategic plans into concrete and actionable steps designed to achieve desired organizational outcomes. It's the necessary bridge between planning and actual performance. It insures the organization's vision is not merely a vision statement and/or document but is actively implemented and realized.[5][6]

Effective execution involves aligning the organization's structure, processes, and culture with its strategic goals, and cultivating a clear understanding of roles and responsibilities and accountability throughout the organization. It involves implementing the chosen strategy/strategies, monitoring progress, and making the required adjustments. Effectively executing a strategy is crucial for organizational success, as it bridges the gap between planning and achieving actual results.[7][8]

Organization execution incorporates having both an action orientation and a results orientation.

Team management

See also: Team management

Team management is the process of organizing and coordinating a group of individuals to achieve a common goal. It involves teamwork skills, communication skills, active listening, objective setting, performance setting, and creating a productive and positive culture. Team management also involves identifying problems and conflict resolution within a team.

Change management

See also: Change management

Change management is a systematic approach to dealing with the transition or transformation of a organization's goals, processes or technologies. The purpose of change management is to implement strategies for effecting change, controlling change and helping people to adapt to change."[9]

Managing in a VUCA environment

VUCA stands for volatility, uncertainty, complexity, and ambiguity. It describes the situation of constant, unpredictable change that is now the norm in certain industries and areas of the business world."[10]

"VUCA stands for volatility, uncertainty, complexity, and ambiguity. It describes the situation of constant, unpredictable change that is now the norm in certain industries and areas of the business world."[11]

Effective decision making in a VUCA world

Self-management

See also: Self-management

Self-management is one's ability to regulate your behaviors, thoughts, and emotions in an optimally productive way. This means excelling in both personal and professional responsibilities for the benefit of yourself and others.[12]

Management quotes

Steve Jobs
  • "Management is about persuading people to do things they do not want to do, while leadership is about inspiring people to do things they never thought they could." - Steve Jobs
  • "Management is doing things right; leadership is doing the right things." - Peter Drucker
  • "Management by objective works - if you know the objectives. Ninety percent of the time you do not." - Peter Drucker
  • "No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings." - Peter Drucker
  • "The art of effective listening is essential to clear communication and clear communication is necessary to management success." — James Cash Penney
  • "Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession" — Clayton Christenson
  • "Management's job is to convey leadership's message in a compelling and inspiring way. Not just in meetings, but also by example." - Jeffrey Gitomer
  • "Good management consists in showing average people how to do the work of superior people." - John D. Rockefeller
  • "The first rule of management is delegation. Don't try and do everything yourself because you can't." - Anthea Turner
  • “Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them.” - Paul Hawken
  • "An employee's motivation is a direct result of the sum of interactions with his or her manager." — Bob Nelson
  • "The way management treats associates is exactly how the associates will treat the customers." — Sam Walton

Books on management

  • Winning by Jack Welch with Suzy Welch. Harper Business; First Edition (April 1, 2005)
  • Execution: The Discipline of Getting Things Done by Larry Bossidy, Ram Charan and Charles Burck. Crown Currency; 1st edition (June 15, 2002)
  • The New One Minute Manager by Ken Blanchard and Spencer Johnson M.D. William Morrow; 1st edition (May 5, 2015)
  • First, Break All the Rules: What the World's Greatest Managers Do Differently by Marcus Buckingham and Gallup Organization. ‎ Gallup Pr; 1st edition (May 1, 2016)
  • Getting Things Done: The Art of Stress-Free Productivity by David Allen. Penguin Books; Revised ed. edition (March 17, 2015)
  • The Essential Drucker: The Best of Sixty Years of Peter Drucker's Essential Writings on Management (Collins Business Essentials) by Peter F. Drucker. Harper Business; Reissue edition (July 22, 2008)

See also

External links

References

  1. ↑ What is Management? Definition, Concept, Features. LECTURE NOTES ON MANAGEMENT CONCEPTS FOR STUDENTS ACADEMICS USE BY-DR.NEHA MATHUR
  2. ↑ What is Management? Definition, Concept, Features. LECTURE NOTES ON MANAGEMENT CONCEPTS FOR STUDENTS ACADEMICS USE BY-DR.NEHA MATHUR
  3. ↑ SMART Goals
  4. ↑ SMART Goals
  5. ↑ Organizational execution
  6. ↑ Strategy execution
  7. ↑ Organizational execution
  8. ↑ Strategy execution
  9. ↑ Change Management
  10. ↑ Managing in a VUCA World
  11. ↑ Managing in a VUCA World
  12. ↑ What is self-management? (7 skills to improve it), Asana
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