Principles and Practice of Management

Added on - Dec 2020

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principles and practice ofmanagement
Table of ContentsINTRODUCTION...........................................................................................................................2QUESTION 1...................................................................................................................................2a) Importance of planning...........................................................................................................2b) 4 planning principles...............................................................................................................3QUESTION 2...................................................................................................................................4a) Organisational communication...............................................................................................4b) Factors that create barriers to effective communication........................................................4QUESTION 3...................................................................................................................................5a) Suitable organisation structure................................................................................................5b) Organisation structure advantages and disadvantages............................................................6QUESTION 4...................................................................................................................................7a) Do businesses make prior plans to face contingencies...........................................................7b) Measures to manage contingencies in organisation................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................91
INTRODUCTIONManagement consists of functions that are done in an organisation, which includesmaking plans, organising, coordinating and controlling different business activities(Hyndmanand Athanasopoulos, 2018). There are various principles that have to be practised, so thatobjectives are achieved by optimally utilising resources in an effective and efficient manner. Thisassignment will study principles and practice of management, importance of planning, types oforganisational communication and factors that can cause barriers to effectively communicating.It will also recommend a suitable organisation structure, discuss its advantages anddisadvantages. Finally, analysis of contingency plans will be done in order to determine how tocontrol unforeseen situations in an organisation.QUESTION 1a) Importance of planningPlanning is a prerequisite for management in any organisation, regardless of changes inthe dynamic environment. It needs to be done in each department, so that decisions can be madeand work can be done effectively and efficiently(Child, 2015). The boss of Rajen is correct andhis opinion can be agreed upon as making plans is important because it helps in:Decision makingPlanning in each department helps in making decisions for the organisation. There aremany ideas and opinions that are laid forward while creating plans and decisions have to betaken in order to implement them.Creating and achieving goalsGoals can be made only when planning is done. Even if an organisation is functioning ina dynamic environment, plans can help in determining objectives, so that work can be done in asystematic order(Frese, Mumford, and Gibson, 2015). This will enable managers to forecastresults that have to be achieved.Management of contingenciesPlanning will help to ensure that future contingencies can be managed, when or if theyarise. With the dynamic environment in which an organisation runs, there are high chances ofrisks. Making plans can aid in proper management of such uncertainties.Optimally utilising resources2
Planning in organisations is vital as they have limited access to resources. Performing thismanagement function will enable them to use these resources in an optimal manner so that thereis less wastage and high productivity in achieving goals.Creation of visionVisions have to be created so that an organisation knows which path they have to chooseand what has to be achieved (Simple reasons that justify the importance of planning,2018).Planning will provide a base so that management can create a vision that can be shared andtherefore leading to successful accomplishment of goals.b) 4 planning principlesManagement functions are based on various principles and planning has the followingones:FlexibilityThis principle ensures that required changes can be made after a plan is created, so thatobjectives can be met in a more effective and efficient manner. Organisations function indynamic situations and flexibility helps in adjusting to such changes so that properimplementation can be done.Team workPlanning principle of team work helps an organisation in covering up weaknesses that arepresent in departments(Hyndman and Athanasopoulos, 2018). This allows achievement of goalsin an optimal manner as individuals with diverse competencies can come together to workeffectively.CommitmentThis principle states that planning is a complex task and there has to be commitmentpresent so that plans can be made with complete focus and passion, which will enable efficientaccomplishment of goals.TimingTiming is crucial when it comes to planning and this principles helps in taking rationaldecisions during tough situations, where time is limited. This also helps to determine tasks andthe duration in which it has to be completed.3
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