ROLE OF MANAGEMENT: IMPORTANCE OF A GOOD MANAGEMENT SKILLS OF

MANAGERS

OBJECTIVES

This study aims to understand the 4 types of management, roles and

responsibilities of the managers and goals of the management. These studies aim to
control the decisions, activities, and rules made by the management of an organization.
By lowering the ratio of resource costs to earnings, this goal makes it possible to
enhance profits. Teams in charge of management carry out logistic strategies and
procedures to pinpoint and minimize wasteful and resource-intensive processes.

INTRODUCTION

We must comprehend the fundamentals before we can define management.

Management administers and coordinates several tasks in order to achieve a goal. To
meet its objectives by making the best use of the resources available to it, these
administrative activities entail choosing the course of action the business will take and
supervising the actions of its personnel. The seniority structure among staff members
within an organization can also be referred to as management. To become an effective
manager, you will need to develop a variety of skills, including leadership, organization,
communication, and planning. Additionally, you must have a thorough understanding of
the organization's objectives as well as the personnel, sales, and other operations
required to meet those objectives.

When attempting to improve operations and profits, management teams will often
engage in higher-level critical thinking and abstract planning. The team creates,
presents, and executes broad business plans or frameworks in collaboration with CEOs,
other executives, and other stakeholders. For example, if a good and consistent
corporate plan is developed, it might be beneficial to set and enforce goals so that all
staff members are working toward a common purpose.

After understanding what management is, we now need to comprehend what its
purpose is. Every business has a structure, and the organizational structure of that
company depends on having a structure that advances the business. Any organization,
from the lowest to the highest levels of management, has front-line, middle-level, and
top-level managers. The senior management team is followed by the board of directors
and the chief executive officer (CEO). You can see the components of this architecture
much more clearly if you visualize it as a pyramid. There will be fewer and fewer
supervisors to manage your activities as you move up the pyramid.
CONCLUSION

The main objective of a management team or system is referred to as a

management objective. The management of an organization creates rules, choices, and
actions based on these aims. Managers frequently communicate goals with executives
and staff to create a plan and purpose that is clear to all members of the organization.
Coordination and coordination of an organization's many activities are the functions of
management, with the aim of enabling the company to accomplish its objectives. One of
the most crucial elements of sound business management is making the most efficient
and productive use of a company's resources. This contributes to ensuring the
effectiveness and efficiency of the company. In a business setting, some of the basic
duties of management are organizing, staffing, managing, planning, and directing.

The overall productivity and income of an organization can be impacted by its

culture, attitudes, and morale. A positive work environment increases the intrinsic
motivation of individuals to complete tasks and exert more effort. By creating incentive
programs, implementing effective power structures, and responding to staff members'
concerns and suggestions, management teams actively work to keep morale up.
Furthermore, fostering positive relationships with employees and expressing gratitude
for their work raises spirits and motivates them to seek out opportunities for professional
growth.

According to one definition, management is a social activity that involves taking

accountability for the effective and efficient planning and control of an organization's
operations to meet predefined objectives. It is a dynamic process with many different
components and activities occurring in different sequences. These responsibilities are
distinct from those of operational roles like purchasing, financing, and marketing, among
others. Instead, it is the duty of every manager, regardless of rank or standing, to fulfill
these obligations. Managers are better able to focus their attention on the tasks that
result in outcomes when they have a firm understanding of the functions.

REFERENCE

Spandita Hati

. What is Management? Objectives, Functions, and Characteristics.

https://www.knowledgehut.com/blog/others/what-is-management#what-is-
management?%C2%A0