Importance of Management and Different Management Styles
Verified
Added on  2023/01/09
|7
|1888
|89
AI Summary
This article discusses the importance of management in an organization and the different management styles used by managers. It also explores the role of communication and the use of management information systems in decision making.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MANAGEMENT
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENT Article..............................................................................................................................................3 REFERENCES................................................................................................................................6
Article Management is important process of organisation as it contributed in optimum utilisation of resources so that best services can be render to end customers for growth and success of enterprise. There are several functions or roles that are performed by manager at different job position such as senior, middle and junior level manager. It can be stated that top level manager is mainly responsible for controlling or monitoring key performance of whole organisation so that particular objectives can be attained. Senior manager frames policies, standard procedure and goals that needed to be achieved by enterprise. Therefore these managers are mostly accountable to public and shareholders for performance of firm. Such manager control and coordinate various activities of organisation such as budget and techniques that are used by employees to give specific outcome (Morden, 2016). So, it helps in build strong connectivity between enterprise and outside world so that firm can sustain and grow its business worldwide. On the other hand it can be critically stated that middle management is mainly responsible for directing lower level management about the manner in which task needed to be performed so that particular objective can be meet. Middle level manager acts as mediator between lower level and top management as it transfer information or report, other facts related to operation of business to senior manager. It also guide and support lower level management regarding several methods that can be used for better performance of firm. Thus, middle management is mainly responsible for implementing the plans, policies that are made by senior manager for growth and expansion of business. On contrary lower manager plays role of assigning task to each employees, supervising or monitoring their overall performance or day to day activities and find best possible solution that can be used to resolved problem (Van Niekerk, De Klerk and Pires- Putter, 2017). It is also responsible for planning and development of employees to enhance their existing skills and capabilities and various factors that motivates various individual to put their best efforts for expansion of business operation. Thus overall lower manager is responsible for enhancing performance of employees, maintained of quality of products and services and better customer’s satisfaction. Manager of company can make use of different styles of management to organised, plan or manage human resources of firm for effective achievement of company goals. There are three main management styles that are used by most managers to induce or motivate employees to perform task in specific manner for getting better outcome. Such as Autocratic management
styles in its manager do not delegate authority to take decision to other people or subordinate thus wants to have full control over decision making of firm. Most of the employees are dissatisfied with such type of management styles as no importance is given to them while making all crucial decision. Thus, autocratic management style may lead to high labour turnover andchanceofabsenteeswithinorganisation.Ontheotherhanddemocraticisanother management styles that is used by large number of manager while performing their function as contributed in enhancing employee’s engagement and productivity (Hayes, 2018). In this style manager considered views, ideas and preference of various individual before implementation of final decision. Manager also delegate authority and responsibilities to subordinate to take correct decision for firm so it contributed in quickly utilisation of opportunities and satisfaction of customers needs. Thus it helps in creating feeling of belongingness and act as self motivators to employees for putting their best efforts for growth and expansion of business. It also contributed in bringing new ideas, innovation within enterprise so that it can gain competitive advantages. Laissez –faire is third management theoryin which employees have more power and authority to take several decision thus manager have less power to control individual that are working in enterprise. Such type of management styles is rarely used by manager as they want to have more control or command over activities as compared to employees so that objectives are achieved in best way. External environment of business keeps on changing therefore company in order to sustain and grow its business operation has to adapt to several external changes. Managers are responsible for change management so that enterprise can retained its market position and customers share for long term. It can be stated that change occur in business environment due to development in technology, change in prefer, taste of people or availability of substitute products and may be increased or decreased in price or supply of products and services. There are various approaches that can be used to manage different changes of external environment such as Mckinsey 7 S model and kotter change management theory. There are seven stages or steps in mckinsey 7S change management that is strategy which means firms needs to plan in advance about several strategy that it can take to make optimum utilisation of opportunities. It should also have definite organisation structure so that changes can easily implemented in firms. Manager should clearly state appropriate system or procedure that needs to be considered by employees while working for getting specific outcome (Akinbode and Al Shuhumi, 2018). Value, ethic and
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
principle of organisation needs to be clearly defined in order to motivate various individual to accept changes of firm.Manager need to adapt to leadership and management styles as per working environmentand situationto motivatepeople in the firm. At last for effective management of changes there should be sufficient employees that are having several skills, capabilities and knowledge to performed new task in better manner. There are several advantages of MC7s model is that it integrate both emotional and physical component of changes thus employees can easily accept changed and organisation is abletoachieveitsgoals.Ontheotherhanddisadvantageisthateachcomponentis interdependent and interrelated thus created problem for firm, manager and employees due to its complexity. Another model is koter that have step such as increased urgency that means employees need to be aware about why changed need to be brought. Then manager needs to build team, set vision and communicate regarding several changes firm is planning to brought in organisation. Managers also have to identify obstacle in implementation of change, find strategies to remove obstacle and motivate employees by setting small goals, reward and recognition (Tortorella and Fogliatto, 2017). At last create work culture where every individual is ready to accept new changes of external environment. Advantage is that employees feed valued and happy thus better services are render to customers and enhance profit margin of firm. But at the same time this process is too time consuming that can lead to delay in implementation of changes and motivation of employees. Communication is one of the most important processes that contributed in effective exchange of crucial information among employees or manager of firm so that accurate decision can be taken for achievement of specific objectives. Further decision taken by manager needed to be communicated to subordinates for proper implementation and execution of plan. Without communication its is not able to get information related to performance of employees, actual sales, turnover and profit margin of firm in annual year (Kim and et.al., 2017). Thus top manager is not able to planned appropriated plans for improve performance of employees, reducing overall cost and better satisfaction of customers needs for growth and success of organisation. Communication is also necessary as it helps in coordinating and cooperating efforts of different individual to work together as team rather than individual for common goals. Through effective communication manager is able to know about data, facts about recent trend, innovation in
technologies and change in customers’ needs thus take correct decision and plan better strategies which can helps firm in gaining competitive advantages. It can make effective utilisation of opportunities that are available in external environment by making timely decision at the same time protect company form external threats that can hinder growth and sustainability of firm. Therefore communication is essential or important part in decision making of firm as manager before taking decision have to understand various related data and fact. Management information system helps manager to take correct decision within limited time by providing up- to date and accurate information.It contributed in effective management of large data of firm such as employees and customers detailed, actual sales, profitability or operating expense during particular financial year. Management information system also provide report of various facts and figure that are analysed and interpreted by top management in order to know about firm performance and positioning in market. So, that it can take decision to improve key areas in which company lacks to improve or enhance its performance and profitability. Manager by using data can take decision to recruit total number of employees within firm so that it can deliver best services to customers (Hansen and Machin, 2018). Or planned about resources, skills that are required by enterprise for smooth operation of business and accepting different changes of external environment for sustainability of firm. It also contributed in effective measurement or evaluation of result that are derived from particular decision by comparison of set objectives with actual outcome. Thus corrective action, measure can be planned by manager for reaching specific goals in near future for benefits of organisation. Therefore it can be illustrated that information management system has an adverse impact on decision making of firm so manager make use of its to take correct and best decision for enterprise.
REFERENCES Books and Journals Akinbode, A.I. and Al Shuhumi, S. R .A., 2018. Change Management Process and Leadership Styles.PEOPLE: International Journa Hansen, A. and Machin, D., 2018.Media and communication research methods. Macmillan International Higher Education. Hayes, J., 2018.The theory and practice of change management. Palgrave. Kim, B and et.al., 2017. Transparent communication efforts inspire confident, even greater, employee performance.Asian Journal of Public Relations,1(1). pp.9-31. Morden, T., 2016.Principles of strategic management. Routledge. Tortorella, G. and Fogliatto, F., 2017. Implementation of lean manufacturing and situational leadership styles.Leadership & Organization Development Journal. Van Niekerk, W. M., De Klerk, M. and Pires-Putter, J. K., 2017. Conflict management styles and work-related well-being among higher education employees.Journal of Psychology in Africa,27(3). pp.221-226.