Abstract
Management development strategies of many organizations seemed to converge in the nineties. We thought the world would stay on a standstill when the millennium loomed. The new word on the street was “Y2K.” So what are the concerns for the current state of management development, and what we expect for the future to hold? This paper will tackle such issue.
The Future of Management
Companies are geared into increase in efficiency and productivity, better choice of goods, more competitive prices, faster execution and better resource allocation. What was true then, will still hold true in the future, except it just may double up. Obviously, ideas like these contributed to the call for far better business management.
Method
Changes in Technology
This has the most impact on any businesses out there and even the ones who has not yet embraced the Internet phenomena due to accelerating the speed of change, increasing competition, and the shifting structure of relationships. According to Dessler (2003), “the managerial uses of the Internet can in a sense, get a free ride on the Internet, they can substantially reduce their communications costs by building their management systems around the Internet.” Companies who see the Internet for all its glory will not hesitate to spend to be in gear with the latest trend because in the long run, it will save them money. Take into consideration the Automatic Call Distribution (ACD). This particular technology is helping organizations of all sizes enhance customer service, improve employee productivity, increase revenue, lower costs and develop new customers and markets.
Organizational Development
Management and the Four Functions of Management. Management will have to keep the competitive edge through employee performance and retention. Management will gear more towards an open-minded sense of management. Management in the future
does not mean a complete overhaul of what we are accustomed to now. As Antony Jay said, “management is not a new basic institution at all. On the contrary, it is a very ancient art. The new science of management is in fact only a continuation of the old art of government." In this line of thinking, I doubt that management styles and the four functions of management will completely change. It will simply evolve into somethin...
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...ust. For companies to keep employees, the need to embrace effective leadership and good management style. The organizational culture needs to be value driven, empowering employees to have the entrepreneurial spirit. Line managers, top managers and executives need to be able to manage change in a continuous learning environment while creating and maintaining the appropriate working culture.
References
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Retrieved March 4, 2003 from the World Wide Web: http://www.databasesystemscorp.com Lutz, E. (date unknown). The Principles of Management. Retrieved March 4, 2003 from the World Wide Web: http://www.arts.ilstu.edu/theatre/class/guither/am1a.html
The company's management put a lot of emphasis on taking care of its employees, encouraging an entrepreneurial spirit, treating each other with respect, and being committed
The culture of an organization is embodied in its vision as well as the actions and attitude of its employees. Managers can sometimes sustain the skeleton of the company culture but it takes a leader to invigorate it and keep it healthy. A manager works hard at keeping the “old” culture and a leader works even harder at ensuring the culture is innovative and breathing in each of its employees. Bo...
In my understanding, management has had only to do with preserving the current status of thing so that today’s methods of production are upheld even tomorrow. The process of managing things. However, as Deming and Lee point out, management and leadership must be innovative enough to look into the future and examine if today’s methods will be relevant tomorrow to yield even more results. Effective management and leadership calls for flexibility to ensure that changes are welcomed and any adjustments deemed necessary are taken into consideration so as not to miss out on any opportunity
A successful organization requires a strong team who share the same core values. It is common knowledge that we, as humans, each have our own unique personalities. An individual’s personality can either add to positive organizational culture, or detract from it. By definition, organizational culture is, “A system of shared assumptions, values, and beliefs showing people what is appropriate and inappropriate behavior,” (Principles Of Business Management, p. 184). Management must set an example of what they expect from the overall organizational culture, and maintain what works for the company without losing sight of the mission or vision. A good model and example of a successful business, due to a positive culture and strong management, is the
Management writes the rules and sets the goals for the organization. Management is often critical of failures and expects only success" (Kumle & Kelly, 2006, p. 11). Management handles the day-to-day complexities of organizations. Budgets, planning, meeting with investors, organizing, and maintaining company traditions all fall under management responsibility. As an organization grows managers tend to lose touch with employees. Managers think in terms of profit, goals, and company growth. Management operates on a need-to-know basis and can easily incite fear in their subordinate employees. Rumors of downsizing or a change in an organizations direction can often be eliminated by managers being more open with employees. Management has a tendency to protect itself at the expense of others. According to Kumle and Kelly (2006), " many managers are overly concerned with fitting in and not rocking the boat, those who emerge as leaders are more concerned with making important decisions that may break with tradition but are humane, moral and right" (p. 11). Good managers are also good leaders and tend to hire good leaders to represent them.
The four functions of management are Planning, Organizing, Leading and Controlling. Planning sets the direction a company is going, and how it will accomplish those goals. Planning involves day to day operational issues and well as forecasting the future, and creating plans to deal with uncertainty. With most businesses, planning is constantly updated and improved as necessary in order to create better processes, and
A successful management theory is very important for a company, but not every leaders have the perfect leadership and management approach. According to McLaurin
Hamel G. and Breen B. (2007). The Future of Management: Aiming for an Evolutionary Advantage (Management Innovation in Action). Harvard Business School Press.
As a company matures, its cultural values are refined and strengthened. The early values of a company’s culture exert influence over its future values. An organisation tries to preserve itself from external shocks. Organizational culture determines what types of people are hired by an organization and what types of people are left out. Moreover, once new employees are hired, the company assimilates new employees and teaches them the way things are done in the
... data is accessed using graphical user interface or WebPages using a PC. Numerous other characteristics have changed. The ranks of management have changed from primarily white male, to a more diverse mix of race and gender. Management tactics have also altered. Gone are the days of a manager yelling and throwing a chair against a wall during a meeting. Management styles have moved to a more composed approach, one which works to enlist the employees support, rather than scare employees in to achievement.
Managers nowadays do not actually do what a manager really should do back in the eighties. Changes that occurred in the new economy, the increasing use of technology in business, and the effects of globalisation towards business world have led management into a whole new dimension. New managers are expected to be able to manage on an international scale, act strategically, utilize technology, establish values, and of course, act responsibly as well. (Crainer, 1998) Henry Mintzberg once asked, "What do managers do?" After conducting his research based on a study of five CEOs, he concluded that managerial work involves interpersonal role, decisional role and informational role. And the fact is that, managers get things done through other people. Therefore, managers are required to possess certain skills and competencies which allow them to play these roles effectively and efficiently throughout the four functions of management. (Mintzberg, 1998)
There are four different functions of management. In this paper, I will define these functions; planning, organizing, leading and controlling. I will also explain how each of these functions relates to my own organization. Bateman and Snell (2004) define management as the process of working with people and resources to accomplish organizational goals. By utilizing the four different functions of management companies can work with their employees and other resources to reach the organizations goals.
Management is not just about making decisions, watching over employees, and bossing others around. Good management result is satisfied customers, who provide better customer service. In order for new managers to be successful they need to be about to have good communication, human skills, and ability to motivate others. The ability to do these skills effectively makes a big difference in a manager and the company’s overall success. Companies depend on managers to fulfill skills and knowledge to help their company excel. The knowledge managers need to possess is technological inclined and globalization. Effective management can enhance a company’s performance by contributing to employees and customer satisfaction, productivity, development (Noe, Hollenbeck, Gerhart, & Wright, 2010).
Although it maximized efficiency and productivity but its main limitation was ignoring human aspects of employment. This is manifested in the following:
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.