Goog management is an intergral part of successful business. Learn more about hte types and appraoches to manaing your work and your personal life.
Management is something we exercise on daily basis, because it keeps our lives and world together. So, what is management? It is the knack of organizing and ruling anything you deal with at hand time and in forthcoming.
As you may realize Nigeria needs lots of administration and indeed it is capable of bettering the quality of life in this country. Of course, in business sense management relates to companies and enterprises, but in reality no person, no family and no community can survive without smart management.
However, managing always starts on the personal level. If you are a small enterprise proprietor you need to master management to grow your business and no large scale enterprise can stay alive without good supervision. Looking at different regions of the world you can see how some of them prosper, because they have great government and social management, while others lag behind due to the lack of it.
History and levels of management
Management dates back to the initial stages of human society development and includes military and social spheres. However, talking of business management as a science, we can date back to the works of some authors of 18-19 centuries. They wrote on resource and time planning, as well as on pricing and other key elements of running a business.
As you read in the first part of this article, management has a range of levels. It can be utilized on the personal level, as well as on the corporate. Moreover, there are three major corporate levels of management and they look like some sort of a ladder: low level, middle and top levels. Besides, one can distinct general and functional types of management.
The general one focuses on overall performance and prospective of enterprise, while the functional deals with certain areas, such as HR, marketing, pricing, production, etc.
Types of management
Supervision is interconnected with people and relations. The style of management one picks greatly depends on people perception. Here are few styles you may like to know about:
We may also use the Theory X name for it. This approach is based on idea that generally people are not much interested about the work and are not zealous about it. This means they need ongoing and strict supervision and the use of a system of penalties and rewards.
This may also be called Theory Y. It means people are enthusiastic about their work, growth and development and can be trusted with various tasks. They do not have to be controlled throughout the process and are self-motivated in their work.
This means the goals are set from the top and send down the ladder and the leaders exercise strict control over their assistants. They do not share the broad view and do not involve lower levels of management in making decisions.
This way top managers share their vision and ideas with the employees and involve them in the decision making process. This type can also be called Theory Z.
As you see, in any case management requires great people skills. Managers need to know how to stimulate or motivate people, how to map the road and lead the folks along it to the set goal.
Basically, we can shorten the list of managerial functions to these five:
Setting goals, setting timeframes, picking right people for the task, etc.
Breaking down large tasks into smaller ones, organizing the workflow, putting together teams of people, motivating, proving instructions and assistance, etc.
Providing funds and resources
Controlling and overseeing the process and making needed adjustments
Judging the efficacy and outcomes of the process
It looks easy, but to become a good manager one has to be capable of seeing the prospective. You start in the past, you plan for the present time and pick into the future. They you do what it takes and break down the process into the steps and follow them. You monitor the process and control it; you also lead and motivate people along your guidelines. Finally, you analyze the results and make corrections and revisions. And start the process all over again.
What can you manage? - You can manage resources, people, quality, profit, time, process, results, etc.
So, what is management and why it is important for Nigeria? Nigeria is rich in various resources, including oil, minerals, fertile soil, tourism attractions and of course it people. However, poor management makes this country less attractive for foreign investments, which could have brought significant benefits to its people and their wellbeing.
Improving management on personal, business and government levels can change the situation for better. It can open up many excellent business and employment occasion for locals, thus it is crucial for mastering management skills on all levels.