Meaning of Management
As an individual, we are members of one organization-a team, a group, a university, a church, organization, the army etc. all organizations whether formal or informal usually have a structure and are put together by a group of people who see that there are benefits to be achieved from working together toward some common goal. The basic element of every organization is to achieve its goal or purpose. Hence, management is a conscious practice of shaping the organization to achieve its set goal and objectives. In other words, it is the process of working with people and resources to accomplish organizational goals in effective and efficient manner. The four traditional management principles include planning, organizing, leading and controlling.
The Scope of Management
Management is applicable to both business and non-business organizations alike such as banks, factories, hospitals as well as churches, mosques, orphanages etc. This and many more including one‘s personal affairs need to be managed.
The Purpose of Management
The basic purpose of any form of management in organizations is to achieve corporate set goals and objectives in an effective and efficient manner.
Who is a Manager?
Among other things, a manager is one who has the responsibility to plan, organize, lead and control its available resources effectively and efficiently in order to achieve organizational purpose. Resources here include man, machine, money, time, information etc. A manager, whether in a big or small corporation must know that he/she is in a competitive struggle to survive and win. A manager must manage for competitive advantage and in order to succeed as a manager in this ever dynamic and complex environment of business, he/she must deliver innovation, quality, service, speed and competitiveness.
The Concepts of Management in Profit and Non-Profit Organizations
Management is essential in all organizations, profit or non-profit organizations. Management principles are the same all over the world. It is a universal concept with its basic functions of planning, organizing, leading and controlling. It is erroneously believed that the concept of management applies majorly to profit making organizations, and less of non-profit making organizations. There is also the perception that the term administration is strongly linked to non-profit making organizations and less of profit making organization. Management is a universal concept applied in organizations that have people working together with a structure and that harness its scarce resources in order to accomplish its corporate goals. So in either form of organizations, the concept of management is the same. Management is about achieving result not just profit.
We have seen in this unit that management is concerned with getting things done through and with other people. The primary purpose of management is to achieve desired goals by efficiently utilizing available resources. The unit also made it clear that the end result of a manager is to achieve organizational goal efficiently and effectively. This unit concluded by saying that management is universal irrespective of the organizations whether profit or non- profit organization.