There is little doubt that whatever development has taken
place in any field in the world today; it is due efficient management and
leadership skills. Managers influence
all the phases of modern organizations.
While sales managers maintain a sales force that markets goods and
services; human resource managers provide organizations with a talented, competent
and productive workforce; and plant managers run manufacturing operations that
produce different things like the clothes we wear, the food we eat, and
automobiles we drive. Managers guide
organizations to improve and excel in their mission to achieve new goals. An organization achieves competitive advantage
and a new brand name when its different segments are managed efficiently and properly. That is why; we can see developed countries are
having effective management systems to deal with their different affairs for all
round growth and development. As such,
leadership and management serve different yet essential functions in an organization. In this competitive
business world, organizations invariably need superb management for their
development and progress. Let us have a
cursory glance at certain points to underscore the significance of management
in an organization.
The most important role of management is to arrange the factors
of production, assemble and organize the resources, and integrate the resources
in effective way to achieve desired goals.
It is obvious that defining objectives of organization clearly, there
would be no wastage of time, money and effort.
It is the responsibility of the management to coordinate, direct and
control in such a manner that enterprises work towards attainment of
goals.
It is the responsibility of the management to utilize all
the physical and human resources in a productive way. It ensures maximum utilization of scarce
resources by selecting its best possible alternate use in industry. Management knows how to make use of skills,
knowledge and experience gained over a period of time by the experts and
professionals in the organization.
Management also encourages initiative and innovation. Initiative gives satisfaction to employees
and success to an organization whereas innovation brings in new ideas, new
technology, new methods, new products and new services. This makes the organization more competitive
and efficient. As such, management
strives to encourage individual activity that will lead to realization of
organizational goals.
Management motivates employees through various
incentives. Through better relationship
between various level of management, team success can easily be attained. In turn, it creates scope for higher efficiency
and growth.
Reduction in overall cost is the main concern of the
management. It can achieve maximum out through
minimum input by proper planning and by using minimum resources. For this management uses physical, human and
financial resources in such a manger which results in best combination. Finally, it leads to reduction in the cost.
However, the most important role of management is to
identify, nurture, and groom employees who would ultimately become future
business leaders of the organization. But,
most of the managers forget this crucial role and only concentrate on running
day to day business and are more concerned with increasing profitability for
the organization. In this regard,
investment in change management training to create leaders with more tools in
their managerial and leadership kit; goes a long way in improving the quality
of the experience many have when going through change in the workplace. Nevertheless, good change management training
should ensure that trainees should develop a comprehensive understanding of change management strategy for smooth
transition; they should be aware of the principles of successful change
programs; have knowledge of models of change management, coaching skills for
use in the workplace, increased self awareness to cope and deal with change so
and so forth. It has long been
recognized that the provision of coaching for managers in organizations is
highly beneficial both for the management and organization. Good training and coaching for managers is essential. In this regard, change management coaching is
found to be the best option to ensure a smooth and effortless handling of the
events generally witnessed at the time of organizational change, business review
and continuity.
