Management is a set of activities (including planning
and decision making, organizing, leading, and controlling) directed at an
organizations resources (human, financial, physical, and information)
with the aim of achieving organizational goals in an efficient and effective
manner. A manager is someone whose primary responsibility is to carry out
the management process within an organization.
The basic activities that comprise the management process
are planning and decision making (determining courses of action), organizing
(coordinating activities and resources), leading (motivating and managing
people), and controlling (monitoring and evaluating activities). These activities
are not performed on a systematic and predictable schedule.
Managers can be differentiated by level and by area. By
level, we can identify top, middle, and first-line managers. Kinds of managers
by area include marketing, financial, operations, human resource, administrative,
and specialized managers.
Managers have ten basic roles to play: three interpersonal
roles (figurehead, leader, and liaison), three informational roles (monitor,
disseminator, and spokesperson), and four decisional roles (entrepreneur,
disturbance handler, resource allocator, and negotiator). Effective managers
also tend to have technical, interpersonal, conceptual, diagnostic, communication,
decision-making, and time-management skills. The managers job is characterized
by varied, unpredictable, nonroutine, and fragmented work, often performed
at a relentless pace. Managers also receive a variety of intrinsic and extrinsic
rewards.
The effective practice of management requires a synthesis
of science and art; that is, a blend of rational objectivity and intuitive
insight. Most managers attain their skills and positions through a combination
of education and experience.
Management processes are applicable in a wide variety
of settings, including profit-seeking organizations (large, small, and start-up
businesses and international businesses) and not-for-profit organizations
(government organizations, educational organizations, health-care facilities,
and nontraditional organizations).
The new workplace is characterized by workforce expansion
and reduction. Diversity is also a central component, as is the new worker.
Organization change is also more common, as are the effects of information
technology and new ways of organizing.