Important Facts
Dec 11, 2023 6K Reads
A raging word on the mouths of students, corporates and working professionals today is Management. Whether it be choosing a career domain or escalating up your career ladder, management is a word that comes to mind. But before it became a popular choice for higher education, it was a process involved in virtually all aspects of working in a group.
Did you know that the history of management dates back to before the birth of Christ? Or that management is not just a raging career option today but was an ancient practice for organised work? If you are interested to know more about the process of management, definition of management, functions of management, and its importance, then you are at the right place.
In this blog we have broken down the entire process of management and various aspects related to it for you, in full detail. Continue reading till the end to find curated experts’ opinions from our College Vidya experts about the process of management.
Management as a process and practice has been defined by different theorists in various ways.
Management has been defined as the “process of designing, and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims” by Harold Koontz and Heinz Weihrich.
From this definition one can understand that in the simplest terms, management refers to the process in which a group works, under systematic direction, towards efficiently achieving shared goals. The entire management process revolves around the central aspect of working and utilising resources in an efficient way with the ultimate aim of goal completion.
A simple example of management will be a teacher managing and arranging a committee of students to conduct an annual day. This would include
This is a simplistic example of how management as a process works, more nuanced examples of management include corporate management, financial management for a company, management of a team in a firm etc. From hereon, we will discuss management as a process in the context of professional environments and companies.
To understand the concept of management, a Threefold Model of Management has been developed by Harbison and Myers, which has been explained in simple terms for you here:
As per this approach, management is an essential factor that is involved in the economic aspects of development of any organisation, region or country. So, management and economic development go hand in hand- if economic improvement of a company/nation is to be improved, then the need for management will also grow. For example, management being important to ensure efficient functioning and goal completion, if a company wishes to grow itself and maximise profits, then it must also focus on management.
From a historical perspective, the domain of management developed as a form of authority in an organisation. With numerous developments and evolution of management, the approach has refined a lot today and the approach has changed from purely an authoritative one to a mix of democratic, participatory and constitutional approach to management.
From a larger social perspective, management as a process represents a class and status system. Being aimed at increasing the efficiency of work to ultimately achieve goals, management needs to be a procedure of much strategy and planning, all of which require a greater intellectual involvement. Thus, as a result, management is viewed as constituting a system of class and status due to the supervisory role it plays in organisational functioning. The modern corporate viewpoint wherein career escalation is often viewed as climbing up from entry level or middle positions to higher and top level managerial positions is rooted in this approach of management.
When talking about management, the understandable question that arises is- why need management at all? What is the objective of management as a process and what does it seek as the ultimate goal? As you might have already guessed, management ultimately revolves around fulfilment of a shared goal. But management is much more than just goal completion, it is the efficient and cheapest way of goal completion (Henry Fayol).
The basic objectives of the management process are listed here.
So, it can be said that management of any work or organisation works at serving the personnel objectives at the grassroot level, the organisational objective at the intermediate level and the social objectives at a broader level.
Management as a process has certain unique characteristics and features of itself, which constitute the nature of management. Here we have enumerated the various key characteristics of the management procedure:
Management as a process is involved with not one but many dimensions of an organisation. In this respect, it is a multidimensional discipline. It is involved with
Management as a process is goal-oriented. The entire idea of the managerial process is centred around successfully and efficiently achieving the goals of the company. All the operations and processes involved in management are directed towards meeting the goals of the organisation, the personnel and the society at large. So, management is purposeful and all its functioning is ultimately aimed at goal fulfilment.
Management as a process, is dynamic in nature. It is flexible, fluid and situational in nature, taking in consideration the unique context in which it must be efficiently used to meet the organisational goals. So, it is not a static set of rules and approach to handling operations and is constantly changing and evolving as per the needs and context of the environment in which it is functioning.
Management is a process and hence, it is not tangible in terms of a product. It is not a concrete tangible product but rather an abstract process that consists of numerous constitutional processes and operations, policies, goal-oriented activities and so on. So, management is an abstract part of efficient functioning in a company and compliments the overall production and productivity of the organisation but cannot itself be concretely seen or felt in a tangible manner.
Management is an omnipresent and continuous process. It starts right from the strategizing of functions, job roles and so on, to the effective implementation of the strategies, allocation of responsibilities to various individuals, effective utilisation of resources, final production/service, evaluation of feedback and accordingly planning future endeavours. Management is a holistic process that is involved in every part of the efficient functioning of a company. So management can be considered as a continuous rather than discontinuous process, which plays an active although intangible role throughout all functions of an organisation/company.
This means that management is responsive to the specific conditions in which it must function. The situational aspects are taken carefully into account in a management process and it is accordingly tailored to meet the current needs and goals as efficiently as possible. So, management is not only dynamic, it is conditional and situational in nature as well as it must meet the situational needs and avoid the constraints.
Management is an all-encompassing process and hence it cannot be effectively conducted by a single person or authority. It is a group activity and collective effort. It is needless to mention that the active participation of each stakeholder and member of a company/organisation is essential to make management a success and achieve the desired goals. So, it is a group activity in which individuals from various dimensions of company functioning come together to collaborate to ultimately increase productivity and bring together the required goals.
Management is an omnipresent factor in any organised activity as we have already discussed. Management being a process that starts from the grassroot level and expands up to the overall supervision and conduction of projects, is involved in any basic group activity, be it a school, classroom, a company project, a basic function arrangement and conduction. Management is omnipresent and ever involved with all parts of an organised group activity. So, management as a process has certain basic features that characterise it and explain its nature. It is important to keep these features in mind and effectively implement them in effective functioning of a company or organisation.
As already discussed, management as a process is multidimensional and functions at multiple levels and domains. Moreover, it is a process that starts at the micro level or organised functioning and develops up to the broad functioning at a social and organisational level. So, it functions at a number of levels or functions. The functioning of management can be best described as functioning at 3 main levels:
Effective management results from the integrated and in-sync functioning of these levels of managers in addition to integration of various company, personnel and social objectives.
The French industrialist Henry Fayol proposed 14 principles of management which are rooted in the idea of organising work in a company to maximise efficiency. These 14 principles are:
So, by running a management based on these principles, companies and organisations can flourish and increase the productivity of the employees.
As a process, management can be thought of as consisting of 3 main aspects:
The management or managerial process consists of the following steps/ aspects:
Hence, the managerial process has a holistic approach and covers a number of important steps and functions.
When talking in the context of a business, it can be said that management is aimed at fulfilling the business goals, which mostly include the maximisation of business profits and bringing about business growth. The management process in a business is often called “Business Process Management”, abbreviated as BPM. This process is directed at 3 main aspects of business development, namely
All the above aspects of BPM start from the planning process until the end of the implemented plans to achieve the needed business goals. The process is continuous and fluid, developing and evolving regularly as per the situational and contextual demands of the business environment. As a process of management specifically aimed at businesses, the steps involved in BPM vary slightly from the general management process. Here we have enlisted the various steps of BPM with examples for you:
Hence, BPM is an up and coming domain of management which is gaining rising importance among business and professional circles for growing the business and maximising profits.
Management as a process is indispensable to the efficient functioning and running of a company or any organised work. But you may wonder why so? This is so because despite being an abstract and intangible process, it performs a number of central functions that make it one of the most crucial aspects of the success of a company.
According to Koontz and O'Donnell, management as a process has 5 main functions:
As already discussed above, the very process of management starts with a plan. Management is a very purposeful and goal-oriented process and hence managers perform the important task of planning at a number of levels- planning and deciding upon the goals of the company, formulating company policies, planning the division of responsibilities between units and teams, planning an overall strategy for effective implementation and planning for effective utilisation of resources.
Management as a process also includes the organisational function. For example, since it is a purposeful, continuous and conditional process, it involves organising of work and operations such as through delegation of responsibilities, upholding company policies, effective implementation of tasks, coordination of units etc. All such functions can be broadly categorised as seeking to ultimately increase the organisation in the company functioning.
Since management must ensure that there are efficient human relations and relationships that enable increased productivity and maximisation of company profits, it also has the role of developing a team of employees that are dedicated and suitably meet the needs for achieving the company goals. For this, management must focus on staffing functions to recruit, hire and develop the needed personnel of the company. Management is hence deeply involved with the team building and staffing function of a company.
Management does not only involve the supervision and optimisation of tasks and operations, but also of the human resources involved in the processes. Hence, a good management also performs the key function of providing a sense of direction to the employees as well as motivating them towards personal and organisational growth. Effective management is closely related to inspirational leadership.
As already discussed, management as a supervisory process also involves some exertion of control. In order to seek effective goal achievement, all activities, interactions and operations must be controlled effectively. Moreover, management also involves an authoritative role as it includes supervision of employees involved with a company as well as the various operations they perform.
So, management indeed has multiple crucial functions that it performs, be it from the very formulation of company goals and vision to effective implementation and smooth running of various operations.
Management as a discipline has a vast scope. Be it from the vast number of domains in which management is actively involved to the various subdomains in which managerial functioning can be divided, the scope of management is vast and diversified. Moreover, with the increasing awareness about the role well-planned management plays in company growth and development, this scope is only expected to grow further.
Career domains within management are diverse and numerous. Not only are such fields handsomely paid and compensated, the scope for career escalation in management is significantly high as well.
Hence, if you are desirous of exploring the domain of management further and developing a career in it, then there are a multitude of options available for exploration. Here we have highlighted some of the most prominent domains of management today.
Our career experts and experienced mentors reckon that management as a career can not only be highly successful owing to the plethora of career choices available, but can also be highly useful and conducive to your personal development. Management as a career option gives you the chance to explore your future options in both the private and public sectors. Not only this, its high professional demand helps you choose the best job option in your area of interest.
Management careers can be explored in top global MNCs, business houses, corporate sector as well as reputed government sectors. These fields are all handsomely compensated and with the right guidance and ambition, can help you navigate smoothly towards career escalation.
But more than that, what a managerial career does is that it helps you to work towards your skills and abilities in a number of areas. Management puts you in situations where you learn to interact efficiently with people involved at various levels of an organisation, you learn to make crucial decisions regarding company functioning and use of monetary and non-monetary resources, manage micro and macro-level operations and much more. All such practices help you hone your personal skills such as decision-making and problem solving ability, analytical and critical ability skills, communication and persuasion skills and much more. This makes management a career worth pursuing.
We at College Vidya strive to provide you with the most unbiased and insightful guidance that can build a successful career. We understand your ambitions and needs and provide you customised support in choosing the higher education course that is the best fit for you.
If you have read the piece up till here, you are probably already aware that management is a crucial aspect of any company, and is the cornerstone to achieving the company's goals and production needs. Here we have listed some the ways in which management is a significant and important part of organisational functioning-
So, understandably, management is one of the most crucial aspects of any organised activity, especially in the context of an organisation or a company. In professional spheres, the role of management as a process is indispensable. Management functions at various levels, sometimes tangible and sometimes abstract.
Effective management is fundamental to successful goal achievement by any organisation irrespective of its level of functioning. Management careers are highly demanded today and there are a vast number of domains within the discipline to explore and venture into.
Management refers to the process of designing, and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims, as defined by Koontz and Weihrich.
Management can be of 3 broad types, on the basis of the level at which it operates- executive management (top-level management), middle management and the operational management (microlevel management).
The 5 main processes involved in management include planning, organising, coordination, motivation and control.
The 3 levels of management are operational management (lowest grassroot level of management), middle management (bridge between top and lower management) and the executive management (top level of management consisting of company heads and executive officers).
Management means a process in which a group works, under systematic direction, towards efficiently achieving shared goals. It includes a number of aspects such as planning, organising, supervision, strategizing, regulation, analysis and adaptation as per needs of the hour.
As per the definition proposed by Koontz and Weihrich, management is the “process of designing, and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims”.
As proposed by Koontz and O’Donnell, management has 5 main functions- planning, organising, staffing, directing (or leading) and controlling.
Management is needed because it is one of the most important aspects to ensure that the goals of a company are effectively achieved. It performs a number of important roles such as ensuring optimum use of resources, ensuring fruitful and cordial interactions between the various individuals in the company, effective delegation of responsibilities in a company, strategic planning and implementation of operations and much more. Management is needed to ensure that the company and its employees grow and develop efficiently.
Management has a vast scope and there are a large number of career options available in this field such as human resource management, financial management, marketing management, operations and supply chain management, logistics management, IT management, blockchain management and much more. Interested students can explore their options and take up degrees or diplomas or even short-term certification courses in management to develop a successful managerial career.
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