What does Management Mean - Principles of Management
Here
we discuss about the most important topic “What Does Management Mean”
Management is the process of planning, organizing, staffing (HRM), leading and controlling the organization to accomplish goals. It is the most important subject for any organization and ignoring this subject leads to the failure of the organization. The study of this subject is wide and it covers various areas departments like Sports Club, Accounting, Finance and so on.
Every
process is very important in achieving the goals set for the success of the
organization.
Planning
Management
starts with Planning that sets our goals towards end results. Planning may be
Start-Up Plans that set at top level and Operational Plans that set at middle
and bottom line management.
Organizing
Organizing
the Planned Data is the second step. All
the set Goals to accomplish end results are properly organized. Vision, Mission
Statement, Plans, Goals, Objectives and Strategies, are made for achieving the
success.
Staffing
(HRM)
Now
after organizing organization’s plans, it is time to hire suitable human
resources for the organization that accomplish goals set in the planning stage.
Selection, Recruiting, Rewarding and Appraising the employees are parts of HRM.
Leading
(Leadership)
This
Stage is positively related with Management. A Manager is not only a good
planner but also a good leader in accomplishing the goals of the organization.
A manage is considered to be a leader who starts from himself / herself and set
an example for lower level management.
Controlling
It
is the final and last stage. In this stage, Prevention, Detection and
Correction of setting goals are made so that goals should be accomplished
according to our plan. The actual performance is compared with the estimated
performance. Monitoring, Evaluation and Accuracy are the parts of Controlling
Process.
Manager
The
Most important person is obviously a “Manager”, who manages the affairs of
states of the organization. Successful Managers plan for the success of the
organization and know well how to run the organization efficiently and
effectively.
Hierarchy
of Management
Top
Level (Chief Executive)
Middle
Level (Branch Manager)
Bottom Level (Workers, Individuals)
The
flow of Communication travels from top to bottom or bottom to top or one department
to another department. Front-Line Manager set goals which must be followed by
middle and bottom line Managers to achieve the desired end results. The
communication from the bottom create grapevine that is social communication
channel in an organization. But it is a great way of feedback for upper level
management.
Vision
is always created by founder of the organization and it is related to future
and it is different from the Mission Statement of the Organization.
Note:
Vision means what you want to become in future and mission
statement is the purpose of the organization for which it is created.
Middle
line managers follow the guidelines from the upper Management and then mange
the bottom line management or staff.
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