Principles of Management Portfolio

This portfolio discusses the comparison between traditional and contemporary approaches of management, evaluation of motivational and leadership theories, and key skills required to become a manager.

Principles of
management portfolio

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Part A...............................................................................................................................................3
Comparing traditional and contemporary approaches of management..................................3
Part B...............................................................................................................................................4
CONCLUSION................................................................................................................................6
REFERENCES:...............................................................................................................................7
Books and Journals.................................................................................................................7

INTRODUCTION
Management can be defined as the process of effective use of resources that assist in
achieving goals and objectives successfully (Halim and et.al., 2020). There is regular innovation
seen in the field on management. In the first part of this report there is comparison in traditional
and contemporary approaches of management. Afterwards, there is evaluation of motivational
and leadership theories that are being learnt. In the end of this report, the key skills require to
become manager are being stated.
MAIN BODY
Part A
Comparing traditional and contemporary approaches of management
There have been several changes being seen in approaches to management. It is important
to change with the time so that the business organisation are able to attain goals and objectives
successfully. The nature of business environment is dynamic and it becomes necessary to use
new approaches to management. In regard to traditional approaches of management, more power
was in the hands of superiors (Hussain, HAQUE and Baloch, 2019). They give targets to the
juniors that they have to accomplish. The classical theory says that the employees were given
financial benefit so that they are motivated to work. The human theory is part of traditional
approach under which different ways of motivating the employees are studied so that they are
able to achieve goals and objectives. At that time, the management was goal oriented and all the
efforts were done by managers of the company to accomplish the desired goals. There were
hierarchy organisational structure followed and the employees were not given more rights. There
are significant changes being noted and the contemporary approaches to management were seen.
The current focus in on strategic management. All the new methods to management have taken
place. The complexities in the business environment have risen. Nowadays in contemporary
management, all the steps that are taken by company includes the employees. The decision
making is now more appropriate because of high involvement if employees. New and innovative
areas of working are being designed. The flexible working environment is being provided to the
employees and new motivational strategies are being used (Hussein, 2018). The change
management models are also used to bring changes in the organisation. There is need to work as
per the business environment so that all the necessary changes can be undertaken in proper

manner. It is also being examined, that proper and timely training is given to the employees in
contemporary approach so that they are able to improvise on regular basis. The use of
performance management techniques is also done so that the real time performance of the
employees can be reviewed. It is also a necessary step that assist the company in knowing about
the strengths and weakness of the employees and assist in enhancing their performance. There is
need to use all the new techniques and approaches so that the company is able to beat the
competition that is present in market. It is seen that there are changes in the traditional and
contemporary approaches to management.
Part B
At the time of doing the group presentation, I was able to develop various skills and
competencies. It is necessary to use all the study material that is being learnt at the time of
studying the module. It is necessary to understand the difference between formal and informal
team. To carry on the project, formal team was established and it helps to carry on the work
properly. It is necessary to know about all the skills of team members so that real success of the
project can be achieved (Astuti, 2021). The team is being formulated by using Tuckman theory
of team development. In the first stage that is forming the tasks are being allocated to the team
members. This helps them to be ready about the work that they have to carry on. In storming
stage, the team members carry are either able to develop the relation or there are conflicts being
observed in the team members. Every team member in this stage was focusing on the end goal
and had their own set of problems. In the next stage is a ideal stage because the team members
start trusting each other and value the members. It assists in effective communication among the
members and they are able to carry on the activities in proper manner. It is generally one of the
important stage. There is need to note that, in performing stage all the team members were ready
to carry on the work based on the tasks that are being assigned to them. There is need of
cooperation among the team members so that the work can be carried on time. It is essential to
note that the by supporting the team members the work was being done by them. The last stage is
adjourning in which the work is being completed and the team dissolves. By carrying on the
work successfully the team members were able to build relations with each other and the
presentation was successful (Wiyono, 2018). By having small teams there is better coordination
and the work is being managed properly.

It is also important to note that motivating the team members is necessary. There are
times when they are demotivated and unable to carry on the work. They are unable to understand
the given task and that caused problems in the team members. Motivation plays a key role in
completing the work properly. The work of team members can be managed with the help of
proper motivation. It is seen that there are some needs and expectations of the team members and
that is to carry on the work properly. So, the leader of team plays a key role and help them to
move towards the goal so that they are able to achieve the objectives properly. By fulfilment of
the goals they are fully motivated and ready to carry on the future tasks. To motivate the team
members Vroom expectancy theory was being used. They were being satisfied and assigned the
work that they can carry out properly and it is called valence. They are guided about the desired
behaviour so that they are able to achieve the goals and objectives successfully. The right
behaviour of team members play a critical role (Musinguzi and et.al., 2018). By combing both
valence and expectancy the strengths of the team members are being observed and they are able
to get motivated. By working with full motivation the real success of the team members can be
attained. It becomes necessary to carry on the work in proper manner with full motivation.
It is analysed that by using CVF’s Action imperatives one is able to know about the
capabilities and then know better about self. It is necessary to achieve overall success by using
the tasks in such a manner that governs success of the team.
 Collaborator and do thing together: It is necessary to work together so that all the tasks
can be carried on together. The rating in this head will be 8.
 Create and do thing first: It involves taking initiative. I will get 5 points here.
 Complete and do things fast: In this quadrant I will be be rated as 9 as I am able to
complete the work assigned to me fast.
 Control and do things right: I will get 6 points in this quadrant.

CONCLUSION
From the above essay, it is analysed that there is need to study properly to achieve
success. The difference in contemporary and tradition management approaches are being
analysed in the first part. In the next part use of team work and motivational theories is being
shown.

REFERENCES:
Books and Journals
Astuti, A. S., 2021. The Role of Teamwork, Work Environment, Compensation System in an
Effort to Increase Employee Extrinsic Motivation at the Dompet Dhuafa Integrated
Health Hospital. European Journal of Business and Management Research, 6(1),
pp.182-188.
Halim, A and et.al., 2020. Transforming traditional management into contemporary territorial-
based fisheries management rights for small-scale fisheries in Indonesia. Marine Policy,
116, p.103923.
Hussain, N., HAQUE, A. U. and Baloch, A., 2019. Management Theories: The Contribution of
Contemporary Management Theorists in Tackling Contemporary Management
Challenges. Journal of Yaşar University, 14, pp.156-169.
Hussein, A., 2018. Adoption, importance and barriers to the implementation of contemporary
management accounting practices: Evidence from Egypt.
Musinguzi, C and et.al., 2018. The relationship between leadership style and health worker
motivation, job satisfaction and teamwork in Uganda. Journal of healthcare
leadership, 10, p.21.
Wiyono, B. B., 2018. The effect of self-evaluation on the principals’ transformational leadership,
teachers’ work motivation, teamwork effectiveness, and school
improvement. International Journal of Leadership in Education, 21(6), pp.705-725.