Management is the management of an organization, be it a private firm, a government agency, or a non-governmental organization. It involves planning, organizing, leading and controlling the work of the personnel of the organization. Management has three distinct categories, namely, human resource management, market management and strategic management. Each of these three categories has different functions and responsibilities.
Human resource management addresses issues related to hiring, grooming, compensation and promotion of employees. The second category of management approaches looks into the recruitment, training and developing of new managers as well as supervising existing managers. Finally, the third category, market management, encompasses issues related to customer service, advertising, competition and cooperation.
Managers play a major role in building an organizational culture that inspires loyalty and success. Therefore, management must encourage and recognize talent in its initial stages so that good managers can grow in their skills while remaining at the same time on par with other successful managers. In order to achieve organizational goals effectively, a manager has to build up a work model that is capable of efficiently providing all the resources and manpower necessary for achieving organizational goals. Managers have to motivate people by managing performance through praise and rewards. They also have to recognize shortcomings in their subordinates and correct them before creating a negative work atmosphere.
There are five basic principles on which a manager’s success in his job depends: defining, organizing, leading, controlling and motivating. A manager has to properly define his goals and create a strategy to achieve these goals. Once these are defined, he has to organize people according to their aptitudes and skill sets. He then leads those under him in achieving these goals. He controls the workforce with the right tools and techniques so that they can easily cooperate and work towards common objectives.
The fifth principle of management definition is managing effectively. This principle requires that a manager knows his organization well. He should be able to make himself aware of the present and expected future in order to guide his subordinates in realizing their desired goals. On the other hand, he should be able to motivate them by increasing their capabilities through incentives and rewards. Finally, he should control the workforce with the right tools, techniques and systems so that they can easily cooperate and work towards common objectives.
Each of the five principles of management definition has to be implemented effectively in order to achieve the desired objectives. A manager has to ensure that his company is efficiently running. To do this, he needs to have good employees, supervisors, managers and human resource experts that all work together in accomplishing group goals. They should be able to communicate effectively with each other. They should also be motivated by the recognition of their efforts in accomplishing group goals.