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SO BANAWAG, KEVIN G (Leadership & Management)
SO BANAWAG, KEVIN G (Leadership & Management)
FOBC-2021-01A
LEADERSHIP AND MANAGEMENT
Reference: (Internet)
Reference: (Internet)
Management is both an art and a science. It is called an art because managing requires
certain skills which are personal possessions of managers. Science provides the knowledge &
art deals with the application of knowledge and skills. A manager to be successful in his
profession must acquire the knowledge of science & the art of applying it. Therefore,
management is a judicious blend of science as well as an art because it proves the principles
and the way these principles are applied is a matter of art. Science teaches to ’know’ and art
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teaches to ’do’. E.g. a person cannot become a good singer unless he has knowledge about
various ragas & he also applies his personal skill in the art of singing.
Reference: (Internet)
4. “Each management function must be given an equal importance”. What do you mean by
the italicized and quoted statement?
It simply means that there should be a coordination of each function to provide unity of
action in the pursuit of common goals. Practically, these functions are overlapping in nature
and they are highly inseparable. Each function blends into the other and each affects the
performance of others. Moreover, management seeks to achieve co-ordination through its
basic functions of planning, organizing, staffing, directing and controlling. That is why, co-
ordination is not a separate function of management because achieving of harmony between
individuals’ efforts towards achievement of group goals is a key to success of management. Co-
ordination is the essence of management and is implicit and inherent in all functions of
management.
Reference: (Internet)
The process of setting objectives in the organization to give a sense of direction to the
employees is called as Management by Objectives. Management by Objectives defines roles
and responsibilities for the employees and help them chalk out their future course of action in
the organization. It also guides the employees to deliver their level best and achieve the targets
within the stipulated time frame. Employees in their own way contribute to the achievement of
the goals and objectives of the organization because every employee has his own role at the
workplace. Each one feels indispensable for the organization and eventually develops a feeling
of loyalty towards the organization.
Reference: (Internet)