Christian Walliker on Management

Definition: Management can be described as the process of administering and controlling the affairs of their company, irrespective of its nature, type, structure and size. It's an act of creating and maintaining such a business environment wherein the associates of the organization can work together, and attain business objectives efficiently and effectively.

Management acts as a guide to a group of people coordinating their efforts, towards the attainment of the objective that is common and working in the organization.

To put it differently, it is concerned with optimally using 5M's, i.e. guys, machine, material, money and methods and, it is possible only when there proper direction, integration and coordination of the procedures and actions, to attain the desired results.

Attributes of Management:-

Universal: All the organizations, while it is profit-making or not, they require direction, for handling their actions. It is universal in nature.

Goal Oriented: Each organization is set up using a predetermined objective and direction aids in reaching those goals timely, and smoothly.

Continuous Procedure: It is an ongoing process which tends to persist as long as the company exists. It's necessary in each sphere of their business whether it's production, human resource, finance or marketing.

Multi-dimensional: Management isn't confined to the administration of individuals just, but it also manages work, operations and processes, which makes it a herculean task.

Group action: A company consists of different members who have various needs, expectations and expectations. Every individual joins the organization using a different motive, for achieving the goal, but after becoming a part of the organization they work. It requires teamwork oversight and coordination, and this manner, management enters the picture.

Dynamic purpose: An organization is present in a company environment which has various variables like social, political, legal, technological and economic. A change in one or more one of these factors will influence the development and performance of the organization. To conquer these changes direction formulates plans and implements them.

Intangible force: Management can neither be seen nor touched but you can sense its existence, in the way in which the company functions.

Precisely, all the functions, activities and procedures of the organization are another. And it's the job of the management to bring them together in a way that they help in attaining the intended outcome.

Levels of Management:-

Top-Level Management: This is the highest level in the organizational hierarchy, which comprises Board of Directors and Chief Executives. They are responsible for specifying the objectives, formulating plans, strategies and policies.

Middle-Level Management: it's the next and most important level at the corporate ladder, as it creates a connection between the top and lower level management. It includes departmental and division heads and supervisors who are accountable for implementing and controlling strategies and strategies which are devised by the top executives.

Lower Level Management: Otherwise called as operational or operational level administration. It features first line supervisors, foreman, and supervisors. As level management with the workers, it plays a crucial role in the organization since it assists in reducing time of the employees, improving quantity and the quality of output.

The three management degrees form the management hierarchy, which reflects the position and rank of executives and managers in the chart.

Functions of Management:-

Planning: it's the first and foremost use of management, i.e. to determine beforehand what is to be done in future. It encircles formulating policies, establishing scheduling activities, targets etc.

Organizing: Once the programs are formulated, the next step is to organize the activities and resources, as in identifying the activities, classifying them, assigning responsibilities to subordinates and allocating the resources.

Staffing: It entails hiring employees for carrying out various activities of their organization. It's to make certain the ideal person is appointed to the job.

Directing: It is the job of the supervisor to direct, supervise, lead and inspire the subordinates, to ensure that they operate in the perfect direction, so far as the objectives of the business are concerned.

Assessing: The controlling purpose of management entails a number of measures to be taken to be certain the functioning of the workers is as per the plans. It entails establishing performance standards and comparing them. In the event of any variations, necessary steps must be obtained for its own correction.

Coordination is a significant feature of management that means the integration of the activities, operations and processes of their organization and synchronization of efforts, to make certain that every part of this organization contributes to its achievement.

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