Evaluation of the Role of Management in Improving Business Performance

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Evaluation of the Role of Management in Improving Business Performance

What Management is

Management relates to the implementation of decisions and actions

through means by which individuals set and fulfill an organization's

targets through several factors. These elements take into

consideration human, technical and financial resources which are

reliant upon their respective environment. In other words:

"Management is the effective utilization and harmonization of

resources to assist in achieving the defined objectives of an

organization to the utmost efficiency." [1]

The Crux of Management

Within any given business, a manager cannot feasibly strive to

complete work by themselves. So in conjunction to this, a manager must

alternatively resort to empowerment which is the completion of tasks

through the use of delegating tasks to sub-ordinates - giving them the

authority and control to carry out tasks. To complete goals

effectively, a manager must establish how much of a resource is

needed, find them, and manage them so that the task is executed in a

way that will raise performance and standards of the business.

I feel that to raise performance a manager must have the imaginative

aptitude and good coordination of resources. This in turn will steer a

firm one step closer to achieving their aims/objectives. If managers

are able to learn to manage in accordance to whatever threats or

different situations that they are faced with, then I feel that a

manager will be fully equipped and adaptable to handle any given

scenario thus contributing to escalating business performance.

Management Functions

Planning

Al...

... middle of paper ...

... individual motivation profile are also

useful tools in discovering how to motivate certain individuals.

In my view, I feel that managers that utilise tools such as TQM,

Benchmarking, carry out their business management with a Theory Y and

a democratic management style will all contribute significantly in

improving business performance. In specific I feel that a large

proportion of improving business performance is dependant on

motivation so unless a manager is able to motivate and influence their

subordinates they will not improve performance as they will feel

uninspired.

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[1] http:// www.management.com/definition

[2] An Integrated Approach to Business, Bruce R Jewell

[3] http://academic.emporia.edu/smithwil/00fallmg443/eja/young.html

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