Concepts Associated with Management

The effective way of managing tasks in an organization where the goal has to be reached in a proper given time frame with very less cost is what is meant by Management. It is required for an organized life and to run all types of management. Good management is the backbone of most successful organizations. In an organization getting things with and through people to achieve its objectives is also called management. The practice of management is an age-old process that ancient civilizations used to follow to manage their work. However, the study of management in a very systematic and scientific way as a distinct body of knowledge is only a recent discovery.

Function of management

The Function of management is as follow:

• It is the intelligent procedure of agreeing on in advance what is to be performed, when, where, how and for whom it is to be fulfilled.
• It links the gap from where we are to where we prefer to go.
• It is the fundamental function of management without which no additional functionality can be executed.
• Planning is almost to settle some idea in writing, but to renovate that idea into reality organizing is needed.
• It is the management process of appointing duties, grouping assignments, ascertaining reporting connections and allotting resources needed to achieve a particular plan.
• It implies discovering the right man for the right job.
• It encompasses activities like Recruitment>Selection>Placement>Training and Development of personnel
• It is meant to be the procedure in which managers advise, guide and supervise the performance of the workers to accomplish predetermined objectives.
• Elements of Directing>Motivation>Leadership>Communication>Supervision
• It is a process of surveying organization accomplishment towards the achievement of organization objectives. 
• It involves->Establishing standards of performance>Measuring actual performance>Comparing actual performance with standards>Taking corrective action for the deviation

Management Meaning

Management is a very essential element of a civilized organization or society but also an integral part of when we talk about managing it. Managing life is not much different than managing an organization and this ‘art’ has been with us since time immemorial. Just like organizing life since old times, management of work in organizations has been a very age crucial practice which has been recently developed and fully supported by many CEO of multinational companies. Peter F. Drucker, a noted management authority, stated the importance of management to social living. According to him, effective management was by becoming the main resource of newly developed nations. It’s a needed resource and a manager’s job is highly crucial. This is what the introduction to management is.

Levels of Management

Management functions come in three levels as explained below:

1. Top management – The senior-most employees who include Chairman, Chief Executive Officer, Chief Operating Officer, President and Vice-President lies in this role. They basically integrate diverse components of the company and coordinate activities of different departments. Even to analyze the business development environment and its implications to formulate goals in order to ensure the survival of the company and welfare of its stakeholders, they play a very vital role.
2. Middle management- These are the people which are supervisors, division heads etc who links the operational management to the top level. The division head of the department head receive guidance from the top managers and are the leader to operational managers. Their job is to understand the policies framed by the top management and they reply this to their supervisors or the respective divisions to ensure that they follow through with company policies and decisions.
3. Operational management-Supervisors, section leads directly supervise the efforts of the workforce. They are accountable for quality control and assure that the work meets deadlines. The top management draws out the plans that interpret the authority and responsibility of supervisors.

Conclusion

Hence, management can be stated as the process of organizing tasks in such a way that the output is always maximum whereas the minimum amount of resource is used.  It’s the process of planning and organizing the resources and activities to achieve specific goals most effectively and efficiently possible. Good management is the backbone of most successful organizations. The practice of management is an age-old process that ancient civilizations used to follow for managing their work. However, the study of management in a very systematic and scientific way as a distinct body of knowledge is only a recent discovery.