Challenges in Management |
And possible emerging horizons |
Michelle Pottieuw Sánchez A01166605 |
Definition of management
Challenges in technologies and end-users
Challenges with potential markets
Definitions of management and how it affects the strategies
Challenges inside the managementdepartment
The ‘how’ to adapt by a strategy
Challenges in global competitiveness
Incongruence between economic reality and political reality
A Change Leader
Challenges in exploiting success
Creating change and making the future
Challenges in Management
Management is the art of getting things done. It has been used in every nowadays organizations; whetherit is lucrative or non-lucrative. It is a process in which there has to be an input, throughput and output. The most significant definition of Management was made by George R. Terry: “Management is a distinct process consisting of planning, organizing, actuating and controlling performance to determine and accomplish stated objectives by the use of human being.“
It goes under the assumptionthat management is the same as business management; however, Management is the specific and distinguishing organ of any and all organizations NOT business management. The concept of management has been changed for many years and it has gone through a variety of assumptions, one of these assumptions is that there is, or there must be one right organization that follows the rules of management.However we have arrived to the conclusion that there is more than one right organization, this is what they call “the Team”; it implies a group of organizations with different strengths, limitations and specific applications. Management became the tool for making people work together.
The process of management is composed by the use of Money, Man (people), Materials and Machinery, also known as the 4M’s used as input. The importance of these four requirements is greatly, since without them management would not be possible. Moreover, in order to proceed with the managerial function, once the first four components are used it comes to the role of the Manager and other employees to plan, organize, staff, direct and control possible objectives set to increase production or services. A summary ofthe managerial function is shown in the next table.
Input | Throughput | Output |
Money | Planning | Products |
Man | Organizing | Services |
Material | Staffing | |
Machinery | Directing | |
| Controlling | |
What managers are concerned with is to increase productivity by implementing effectiveness and efficiency into every day work. This could be attained by increasing the output inless time and cost, by doing the right things at the right time.
Additionally, to be able to reach the perfect level of outcome, the five throughput points have to be divided between different levels of management. Doing this will create an organized system in which everyone is in charge of a certain activities and therefore increase productivity. However, many organizations face the problem of lackof employees who are capable to do as asked and reach the level of efficiency which is required from them. This leads to one of the biggest problems in management since eventually, in the long run, whether it is a service or a product it won’t come out as planned in the first place. The next diagram shows how the managerial function is divided between the top, middle and bottom levels ofmanagement. Each division shows which area is covered proportionally by the different levels.
Being an institution implies that there must be someone in charge of each level of management, or so called a ‘Boss’. The concept of a boss became important since he or she is the one to make the final decision. In several organizations it undergoes a hierarchy where...