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Management theory and thought
Management theory and thought
The different management theories
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This essay is about Management and its philosophies. Management philosophies express peoples opinions about the best practices of management as it is greatly differed from one managing professional to another. Having or practicing a certain managing philosophy can be a good way to train your potential employees or subordinates and teach them your way of work ethics.
So what is a Management philosophy? It is nothing but a set of beliefs as used by an individual who is in a management spot to guide the decision making process of the team. There are many types of management theories that have come to light over the years. In my opinion management philosophy is that where a good manger thrives on his/her employee’s feedbacks or primarily focuses on strategy implementation to get the best out for the company or the organization. Below we will talk about and discus about a few management philosophies and try to compare them.
Carrot or Stick?
To be a better boss, use a carrot or a stick? One of Wall Streets Journals featured recommendations from various management experts on their views on how to be a better boss in the new year, and one of them suggested the way to go was wielding a little more stick and a little less carrot. This view of the so called ‘carrot & stick’ approach was built in the philosophies of the age and we still find them in the old and specially the traditional sectors of management in industries. We will now try to understand what really does the carrot and the stick in this case suggest. One management theory relating to the carrot states that managers should use the carrot which means that managers looking for optimum output fro...
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...an motivations are very complex and no single technique or way of management can cover each and every situation a company might have to face in its years of development. As for a person in a higher position it gets really difficult depending on the mind set and nature of thinking of employees because employees always wish for managers to be a little more understanding but people have been noticed to nexus the idea of understand with nice and so sometimes a little well directed pain to get work done is not a bad thing after all. According to another theory X and theory Y, where X being the kind of people that always need a little carrot and stick to be driven ahead where as Y being the sort of people who are already success driven and motivated to do well and want achievement and want to take on responsibility in their hands and will deliver be there a carrot or not.
Management is the ability to get a job done using appropriate processes, models and systems to achieve an objective. Managers think radically, abide by principles, rules and use experience in their respective fields to make things work. A good manager goes about the ordinary activities such a staffing, organizing, planning (Robert, 2007). The very ability of his/her colleague to discover the uniqueness in each of the subordinates, capitalize on it, harnessing the best out of them to accomplish goals clearly distinguishes such a person as great when compared to others. Great managers develop people and enthusiastically transfer acquired skills to others, work progress is constant and usually by leaps and bounds. In addition, a great manager outlines and strategizes his/her team for project plans such that there is a “buy in” on delivered commitments. In contrast, the former just transfers the required skills to subordinates; work progress is notable, vice versa of the latter. Rupert Murdoch of the News Corporation is ...
Carpenter, M., Bauer, T., Erodogan, B., & Short, J. (2013). Principles of management. (2nd ed.).
The principles of leadership and management are helps to understand the management style and make the effective decision. An effective decision helps to gain the success of an organization. Lots of way to manage and collect information/question for leadership and management which are describing in the below:
I believe Life is a gift and a responsibility to gain from society and gives it back all the good things we learn from our surroundings and our community we live in. Finance Management in an effective way is required for self and for the society. I believe a successful management of finances is interlinked to oneself and the surrounding society which we live. To improve upon the effective management of my finances I discovered my monthly income than I checked upon my monthly expenses on f...
A management philosophy helps an individual to know the direction and the steps to follow when in a position of management. The various concepts of management have been very helpful, and they have had an impact on my personal management philosophy. Planning is an action that involves thinking about a project and organizing them in a manner that is likely to lead to the desired goal (Dumas, 2013). Planning can assist in ensuring that a task is completed in a systematic way to avoid confusion or distractions so that it has a successful outcome. Organizing aids in establishing activities and resources as well as roles are to be grouped to carry out the plan (Griffin, 2016). My personal management philosophy includes becoming an effective leader
People spend an extensive part of their lives at work, so it is not astonishing that they expect to be rewarded and fulfilled with the job that they do. Motivation is concerned with why people do things as well as what drives them to act in a particular way. Understanding what motivates an individual is important in a workplace. Motivated employees are happier at work. They get more satisfaction from their work, they are absent less frequently, and work with more enthusiasm. This encourages them to contribute more, hence increasing the productivity in the organization. Unmotivated workers will not be as contented with their position in the work environment as motivated workers. The job might not be as important for them which may lead to a poor performance, which will lead to less efficiency and hence to poor productivity.
Miles, R. (1975) Theories of Management: Implications for Organisational Behaviour and Development. McGraw-Hill, New York.
Motivation is therefore the force that transforms and uplifts people to be productive and perform in their jobs. Maximising an employee's motivation is necessary and vital to successfully accomplish the organisation's objectives and targets. However this is a considerable challenge to any organisation's managers, due to the complexity of motivation and the fact that there is no ready made solution or an answer to what motivates people to work well (Mullins, 2002).
The idea of change is the most constant factor in business today and organisational change therefore plays a crucial role in this highly dynamic environment. It is defined as a company that is going through a transformation and is in a progressive step towards improving their existing capabilities. Organisational change is important as managers need to continue to commit and deliver today but must also think of changes that lie ahead tomorrow. This is a difficult task because management systems are design, and people are rewarded for stability. These two main factors will be discussed with reasons as to why organisational change is necessary for survival, but on the other hand why it is difficult to accomplish.
1. This report seeks to prepare an explanation of what is meant by responsible business. It will be focused on a responsible business topic and also the nature and the importance of it will be discussed as well. The first responsibility of a business is how to gain and increase its profits. This is essential for a business in order to be healthy. So this report will show and explain what a Responsible Business is really in nowadays and how they operate under some circumstances. Then will follow an explanation and evaluation of the role of the government as an influence on responsible business behaviour. After that it continues with a review and evaluation of influences of ethical businesses approaching to responsible business.
Corporate governance is the set of guidelines that determines the control and organization of a particular company. The company’s board of directors is in charge of approving and reviewing changes to this set of formally established guidelines. Companies have to keep in mind the interests of multiple stakeholders, parties who have an interest in the company. Some of these stakeholders include customers, shareholders, management, and suppliers. Corporate governance’s focus is concentrated on the rights and obligations of three stakeholder groups in particular: the board of directors, management, and shareholders. Corporate governance determines how power is split between these three stakeholders. A company’s board of directors is the main stakeholder that influences the corporate governance of a company (Corporate Governance).
Motivation is an aspect of managerial function of directing under execution. It is necessary as a means to induce people to work, as they are able and trained to do, willingly.
A diversified company has two levels of strategy: business unit (or competitive) strategy and corporate (or companywide) strategy. Competitive strategy concerns how to create competitive advantage in each of the businesses in which a company competes. Corporate strategy concerns two different questions: what businesses the corporation should be in and how the corporate office should manage the array of business units.
Motivation is the force that transforms and uplifts people to be productive and perform in their jobs. Maximizing employee’s motivation is a necessary and vital to successfully accomplish the organization’s targets and objectives. However, this is a considerable challenge to any organizations managers, due to the complexity of motivation and the fact that, there is no ready made solution or an answer to what motivates people to work well (Mullins,2002).
Over the past hundred years management has continuously been evolving. There have been a wide range of approaches in how to deal with management or better yet how to improve management functions in our ever changing environment. From as early as 1100 B.C managers have been struggling with the same issues and problems that manager’s face today. Modern managers use many of the practices, principles, and techniques developed from earlier concepts and experiences.