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Management – What does is it mean
- January 9, 2018
- Posted by: admin
- Category: Business Business and networking Communication system Economic system Economics
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.
Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources.
The term “management” may also refer to those people who manage an organization.
To engage in activities that structures a society or to implements strategies which will leads to the infrastructure of a family, organization, community, nation or government.
Morality leads to a positive management team:
Moral activities practiced by a management team will lead to the structuring of a moral community, and a moral law of attraction which attracts a moral investment or input in the business or organization.
Immorality leads to a negative management team:
But the immoral activities exercised by a management team can lead to the structuring of an immoral society, a law of attraction which attracts selfish people, self ego, corrupted and an arrogant management team.
Design the type of clients, investors and partners that you want for you company:
The positive attributes of transparency, honesty, integrity, reliance, trustworthy etc, which are practiced as moral principles by the management board, these same attributes will also begin to reflect the type of clients, investors, supporters that the company or organizations attracts.
A good management team always keeps this thinking at heart;
When you treat client or customer well, that customer can eventually transform into a partner, supporter, worker or investor in the organization or company.
Social scientists study management as an academic discipline, investigating areas such as social organization and organizational leadership.
Some people study management at colleges or universities; major degrees in management include the Bachelor of Commerce (B.Com.) and Master of Business Administration (MBA.) and, for the public sector, the Master of Public Administration (MPA) degree.
Individuals who aim to become management specialists or experts, management researchers, or professors may complete the Doctor of Management (DM), the Doctor of Business Administration (DBA), or the PhD in Business Administration or Management.
The three levels of management:
Larger organizations generally have three levels of managers, which are typically organized in a hierarchical, pyramid structure:
- Senior managers, such as members of a Board of Directors, a Chief Executive Officer (CEO) or a President of an organization, set the strategic goals of the organization and make decisions on how the overall organization will operate. Senior managers provide direction to the middle managers who report to them.
- Middle managers, examples of which would include branch managers, regional managers and section managers, provide direction to front-line managers. Middle managers communicate the strategic goals of senior management to the front-line managers.
- Lower managers, such as supervisors and front-line team leaders, oversee the work of regular employees (or volunteers, in some voluntary organizations) and provide direction on their work.
In smaller organizations, an individual manager may have a much wider scope. A single manager may perform several roles or even all of the roles commonly observed in a large organization.