Management

Management

Management information for online study; you can learn about management and related subjects, self-study and e-Learning courses about management.

Management

In the simplest form it is the organization and main tame center of process and people. What makes management complex is people. Everyone learns differently and works differently so to be a good manager you have to be flexible to different personalities, understanding to what makes them tick, while still being effective at maintaining order and organization in the process. The process you manage can be time; it can be a sales process, business process, production process, really a life process. At its heart we are all managers of our own lives. Some of us are more effective than others at life management and life skills they become the CEO and co. of large scale companies or innovators.

Management as a definition refers to the recollection and control over resources or entities, whether that be financial, people management, or the management of a facility. For example there are numerous forms of management, say the management carried out by the Manager at a retail store may consists of the same principles as the one which the manager at Manchester united Football Club governs his role by, but they are in nature very different when it comes to the accountabilities of the role and what they need to achieve. Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to manage oneself, a pre-requisite to attempting to manage others. For a more in depth look at management and what different forms of management there are, I would suggest having a look at a few articles I have posted below, as they may not provide you with a definition, but from understanding the principles of what makes a good manager and what ultimately makes a bad manager, it can eradicate some of the confusions of what management consists of. Management is an individual or a group of individuals that accept responsibilities to run an organization. Management does not do the work themselves. They motivate others to do the work and co-ordinate (i.e. bring together) all the work for achieving the objectives of the organization. Management brings together all Six Ms. i.e. Men and Women, Money, Machines, Materials, Methods and Markets. They use these resources for achieving the objectives of the organization such as high sales, maximum profits, business expansion, etc.

Management is essential for organized life and necessary to run all types of management. Good management is the backbone of successful organizations. Managing life means getting things done to achieve life’s objectives and managing an organization means getting things done with and through other people to achieve its objectives.

Management Nature of Work

Establishing Goals

Establishing workplace objectives and policies are a major part of business planning. Business managers are responsible for developing the strategies that help achieve company goals. Setting goals and strategically working towards accomplishing them help executives manage their business more effectively. Establishing goals is also useful in monitoring the productivity and progress of a company. Managing a business also means managing the organizational structure and daily operations of the company to ensure success.

Time Management

Effective time management is a critical part of managing a business. Employing time management skills help business managers prioritize tasks and effectively organize work assignments. Properly monitoring schedule adherence is necessary to make sure employees have appropriate workloads and to ensure they are performing their job duties adequately. Business managers must occasionally analyze employee schedules and make adjustments to keep up with changing business needs.

Task Delegation

Successfully managing a business also means knowing when to delegate work to others. Task delegation gives business managers the opportunity to transfer assignments and decision-making authority to other qualified workers. Delegation provides executives with additional time to perform other important duties. Managers that delegate tasks are still responsible for ensuring that the duties are satisfactorily completed, however, they do not have to be concerned with the direct management of the task.

Leadership

Managing a business demands the effective application of leadership abilities. Business managers must be able to effectually lead their organization in the right direction. Leadership roles involve managing conflict, encouraging ethical behavior, mentoring employees and marketing the business. Leaders must gain the trust of their subordinates, business partners and customers to maintain positive business relationships and successful business transactions.

Office Management

Managing a business involves handling office affairs. Running an office is a necessary component of business management because office efficiency is an indicator of productivity and job performance. The Bureau of Labor Statistics indicates that executives who manage business activities often travel considerably \"to monitor operations and meet with customers, staff and other organizational leaders.\" Office management involves hiring and developing employees, task delegation and directing the assignments of subordinates.

Management Theories

Until the day computers are able to think, learn and feel emotions, humans will probably be the most complicated assets to manage. Error-free performance from a printer or fax machine but you can't expect the same thing from a human. On the other hand, there are many things that machines just aren't capable of, which makes human assets undependable. For this reason, proper management is vital to an organization's success.

Theorists have long speculated on what type on management is best for humans in the professional setting. Their management theories, or collections of ideas that provide the framework for effective management strategy, are implemented in modern workplaces to motivate and bring the best out of employees. It's commonplace for managers to use more than one theory in order to achieve productivity or organizational goals. It is important for managers to understand these different theories and know how to implement them.

In this info graphic, we look at the basics of the six most popular management theories:

  1. Scientific Theory by Frederick W. Taylor
  2. Administrative Theory by Henri Fayol
  3. Bureaucratic Theory by Max Weber
  4. Human Relations Theory by Elton Mayo

Topics of Management

  • Managing People
  • Leadership
  • Strategy
  • Communication
  • Managing Yourself
  • Innovation
  • Technology
  • Entrepreneurship
  • Marketing
  • Career Planning
  • Organizational Culture
  • Human Resource Management
  • Decision Making
  • Productivity
  • Work-Life Balance

Policies and Strategies of Management

Policy management is the process of creating, communicating, and maintaining policies and procedures within an organization. An effective policy management system can mitigate risk in two ways. First, it makes policies more quickly accessible to direct care staff, guiding care and safety decisions. Second, it can protect an organization from litigation by staying up to date on accreditation standards and creating an audit trail in the case of legal action. Because the process of managing policies can be expensive and time consuming, hospital boards should make the implementation of an efficient policy management system a priority. A comprehensive and well-managed set of policies can support GRC activities by communicating boundaries and expectations, establishing a culture of compliance within the organization, protecting the organization from litigation, and helping achieve the organization’s objectives. Policy-based management is an administrative approach that is used to simplify the management of a given endeavor by establishing policies to deal with situations that are likely to occur.  Policies are operating rules that can be referred to as a way to maintain order, security, consistency, or otherwise Furth a goal or mission. For example, a town council might have a policy against hiring the relatives of council members for civic positions. Each time that situation arises; council members can refer to the policy, rather than having to make decisions on a case-by-case basis. In the computing world, policy-based management is used as an administrative tool throughout an enterprise or network, or on workstations that have multiple users. Policy-based management includes policy-based network management, the use of delineated policies to control access to and priorities for the use of resources. Policy-based management is often used in systems management. Policy management can be described in the following four step cycle:

Creation

When a need is identified within an organization, a policy is written and goes through an approval process.

Communication

After creation and approval, a policy is communicated to staff. This includes publication of the policy, training, and attestation.

Management

Throughout the life of the policy, it is consistently enforced and exceptions are managed when applicable.

Maintenance

Policies are reviewed regularly, updated, and archived when necessary (Open Compliance & Ethics Group, 2012).

Policy management should be a priority for hospital boards. Inefficient management of policies is time consuming and expensive. One study showed that large short term acute care facilities with 1,000+ beds had an average of 5,198 active policies that had to go through annual approvals. Each policy went through an average of 2.08 approval steps, meaning that large hospitals went through about 10,812 approval steps per year, with each step lasting an average of 4.38 days. Furthermore, responsibility for managing policies and procedures was distributed among several entities (Shah, 2011). With this information, hospital boards can begin the process of developing a more efficient system to manage policies. Hospital boards should understand that an efficient approach to policy management is simple and accountable, has designated leaders, takes advantage of new technology, and allows governance, risk, and compliance specialists to better target resources.

Training of Management

Management training is training activity that focuses on improving an individual’s skills as a leader and manager. There may be an emphasis on soft skills, such as communication and empathy, which enable better team work and more progressive relationships with the people they manage. Leadership skills, such as development a progressive style to engage employees, could also be a focus, although this will probably be called leadership training. Management training may also focus on the business side of being a manager such as reporting to senior leaders, more effectively leading performance reviews and talent acquisition (where responsibility for recruitment falls with managers). Those undertaking management training may be introduced to, or re-trained in, common management techniques, such as balanced scorecards. A manager in training is an employee who fits into one of two basic categories: In the first case, the employee is hired as a manager and must undergo a probationary period to receive the necessary training. The second possibility is that the employee is hired as part of a management trainee program, wherein the company provides on-the-job training and experience for individuals who ultimately seek to obtain management positions. In the latter category, the company may extend an offer for actual management positions only to trainees whose performance merits it, with no actual guarantees.