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VJ20211201-revised-converted Flipbook PDF
VJ20211201-revised-converted
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Name of the student: Mehfuja Bala Module tutor name: Stuart Horrocks
Introduction Management refers to the process that helps in planning and
Therefore reflecting upon the objectives of Survival, profitability and growth management is aiming to facilitate companies in generating revenues to sustain business viability for the long
organising resources of business to achieve success goals. Supervising company and guiding team members to work towards a common
term. Reflecting upon the importance of management, students across the global arena are
objective, management applies unique strength that facilitates the
aiming to study this topic in order to gain academic competencies in a flourishing professional
growth and development of business efficiency and adapting to new market requirements.
career. By studying management, aspiring candidates will be able to improve their skills by gaining vast knowledge regarding business functions, accounting, human resource management, microeconomics, organisation behaviour, business law, operations and mission management.
This study will shed light on a management magazine where a front cover will be produced and provide an introduction to my background and my desire for studying management in future. Evaluating the importance of the historical influence on management practice the report will shed light on the discussion of
management as a discipline. Further, an overview of management challenges in becoming a skilled manager will also be provided in this study.
About me
I have always thought of contributing towards business profitability through my
I am aspiring to study management. Currently, I am in
own abilities and gaining recognition from it. By studying management, I will
university and within 1 year I will be able to pursue my
involve myself working in an organisation where I can function as an economist
dream of studying management. With my critical thinking
and as a marketer.
abilities, I have been able to make decisions for my career that have helped me in gaining academic competencies.
Since I was interested in numerics, I have been able to focus on my choices in taking up business subjects in high school.
Therefore, I have focused on studying management that will
help me in understanding people behaviour organisational functions nature of power influence and leadership exploring issues that organisations face studying management I will be able to aim towards becoming an entrepreneur in future. Through management, I will be able to connect to the world
and gain ideas on the global economy and activities of the global business system.
Learning through my experience I have been able to focus on the improvement of my problem-solving skills that will further help me in sharpening my communication skills. In addition to that, with a positive attitude, I try to focus on creative thinking ideas that will help me to improve my knowledge beyond common skills to explore innovative paths of career. Since childhood, I have always dreamt of working in an organisation where I will be able to manage team members in improving productivity.
Management studies and insights Therefore, discovering how organisations work through management, I will be able to focus on the roles of directing, leading, managing, planning, encouraging and coaching the organisation workforce to
Evaluating management in important historical influence on current management practice
improve productivity. Studying management will also help me to flourish my career in specialising courses on Strategic Management, Human Resource Management, and Operations Management. With course specialisation, I will be able to gain ideas regarding sources of power and influence that helps in creating the best managers in the world. In addition to that, expanding my knowledge and improving my
Understanding management through definitions and discussion of Management as a discipline and concept Management refers to a process that helps with dealing with and controlling people. Within the organisation, management refers to the procedure of planning
critical thinking and analytical skills I can become an international
and organising resources that helps in achieving business goals. As opined by
manager by managing global activities and exploring different new
Brownscombe et al. (2019), management refers to the decision-making process
concepts of business. Therefore, I think studying management will help
that motivates and controls financial, physical, and human resources within an
me to improve my skills to flourish in my future career.
organisation in improving business efficiency. Understanding the definition of management and its nature, it is important to focus on the economic factor of management that helps in controlling the economic
factors like land, labour and capital. From an economist point of view, Trianni et al. (2019) stated that management functions to focus on the proper allocation of managerial resources that helps in measuring business productivity and profitability in bringing dynamic changes in the industry.
Understanding management through definitions and discussion of Management as a discipline and concept On the other hand, from administrative viewpoint
Therefore, reflecting upon the concept of management it can be stated that managers actively participate in
management refers to the characterizing process that
managing groups to accomplish business goals in ensuring business success. Emphasizing the purposeful
helps in developing policies and procedures to
group efforts, management will help in broadening perspective in accessing information and making key
facilitate the synthesis of the business functions. Therefore, reflecting upon the wide range of
decisions. Focusing on the evolution of management study, managers will be able to improve the water
definitions of Management it can be stated that it is
environment, achieving progress and stimulating people to perform better (Kiesnere and Baumgartner,
the duty of the managerial entirety to focus on the
2019). Apart from that, strengthening morale and facilitating the workforce with ethical ideas management
achievement of organisational goals through planning,
will provide proper direction towards growth and sustainability.
organising, leading and controlling business aspects
in improving business productivity and profitability (Garcia‐Tsao et al., 2017). Considering management
Identification of the most important historical era in influencing current thinking of Management
as a disciplinary approach, the systematic process of
The 20th century is considered a special era for the history of
controlling organisational activities creates business
management as it is characterized by the evolution of management
efficiency that will help in maximizing results with
style in incorporating diversification of managerial approaches.
minimizing efforts.
Consisting of different phases, this particular error emphasizes management approaches, policies and functions that facilitate improving business culture in identifying the measures to stimulate people management.
Identification of the most important historical era in influencing current thinking of Management
In the early 1900s, the management theories developed by Herbert R. Townes and
Henry L.Gantt lacked variation and consistency. Further impacting on the
Previously management was all about short term orientation in integrating
consistency of production and predictability, the theories did not focus on
stakeholders and shareholder interest. With the industrial revolution, the
managerial activities. In the 20th era, the concept of "management phases” gained
phases of management have reflected upon the categories of execution,
a limelight that focused on the roles of managers in execution, expertise and
expertise and empathy (Havas et al., 2017). The industrial revolution at the
beginning of the twentieth century has therefore reflected upon the functions of management that include planning, coordinating, controlling,
empathy to lead business success (Suša Vugec et al., 2018). This particular era has
therefore influenced the current thinking of management by categorising the
rewarding, resource allocation and handling tasks. Focusing on the
functions of a manager into planning, organising, leading, controlling,
activities of both economist and marketer the current management
coordinating and rewarding. Over the years, focusing on management styles the
practices helps in the management of resources by reflecting upon
world has produced many eminent managers who are functioning to integrate
managerial solutions including labour management, workforce planning,
quality control and rudimentary accounting.
global activities in improving business functionalities. Warren Buffett is one of the
eminent persons who has reflected upon the utility of laissez-faire management style to make viable financial decisions in improving business functionalities. Ruslan Kogan and Richard Branson are other two important business entities that have focused on the utility of transformational management style to enhance business functioning. In addition to that, Steve Jobs, Martha Stewart and Walt Disney are other eminent figures who have focused on the utility of transactional managerial approaches to inspire the workforce and motivate them towards the accomplishment of business goals (O’riordan, 2017). The historical era has therefore proven beneficial in impacting current management thinking to focus on the concept of management in determining new aspects of the business to enhance economic development.
Overview
of
Management
challenges
and
the
need
for
becoming
a
skilled
manager
Detail of the person most pertinent changes in the business
●
environment creating challenges for a manager
Considering the severe impact of covid-19, employee well-being is another
Managing people is never easy. Since the concept of management is all about coordinating and controlling people's activities to enhance business functioning, managers are facing challenges as they are
unable to improve business efficiency in exploring new ideas
Lack of access to employee health and safety
obstacle that the managers are facing. Due to poor employee health companies are facing difficulties that are resulting in a high rate of employee turnover (Ahmad, 2017). Unable to make the workforce productive, managers are failing to connect eminent employee bases with business functionalities.
(Ahmad, 2017). In addition to that, the pandemic situation of covid19 is changing the business environment by creating new obstacles. ●
Uncertainty of future
Owing to the pandemic situation of covid-19 managers are
●
facing challenges as they do not know about the future prospects
Workplace diversity is another big challenge that managers in recent years are
of the business. The consequence of this uncertainty can impact
facing. Due to workplace diversity, the communication gap is increasing, resulting
on mental well-being and decision-making process of the
in the poor management of the workforce leading to unproductive business
managers by impacting the overall business functionalities.
outcomes. The gap in communication is therefore impacting on the overall
Workplace diversity
business functionalities as the managers are unable to accomplish work. Disrupting productivity level, workplace diversity is increasing conflicts that are proving a challenge for managers in controlling and coordinating a diverse workforce.
Outlining the theoretical established skills needed for management and how they may be classified For a successful manager, one must possess interpersonal and effective communication skills that will help in establishing cordial relationships with organisational authorities. Since management is all about managing people, with strong interpersonal skills, managers will be able to develop successful relationships by building
productive teams to accomplish business objectives. With the help of organisation and delegation skills, managers will be able to identify the skills of employees and assign duties based on their capabilities to improve productivity (Bennett and James, 2017). The other skills that are needed for management are strategic thinking, problem-solving, mentoring and commercial awareness. Strategic thinking will help in setting priorities of business including company objectives system review policies training and Management. While a strategic thinker encourages innovation, managers will be able to focus on productive ideas to enhance business profitability. Reflecting upon problem-solving and decision-making skills, managers will be able to minimise the business risk that will help them in improving business functions to increase efficiency.
Apart from that, the scale of commercial awareness will facilitate managers in understanding the well-being of the sector and knowing about the political and economic impact that can influence business functionalities (Ferreira et al., 2018). Reflecting upon the skills gap in research regarding HR practices that are unable to manage people, the strategic thinking of management skills will
help in bridging the gap by improving business functions and recruiting skilled and efficient employees within organisations.
Conclusion The concept of technology and digitalization is facilitating the
growth and development of business functionalities. However, with increased digitization managers are unable to keep at par with the latest technology (Prasad, 2020). This is impacting the overall business functionalities that are resulting in the lack of productive outcomes.
Over the years the concept of management is actively evolving to adapt to different changing environments in creating policies and ideologies to improve human interactions. Therefore, from the above discussion, it can be concluded that with effective management practice organisations across the global arena will be able to overcome business challenges by improving business efficiency. The above
study has therefore reflected upon the evaluation of management and the important historical era influencing the current thinking of Management. In addition to that, an overview of Management challenges that managers are facing has also been discussed in the above study. Further, a brief discussion on the established skills needed for management is also demonstrated in the study.
References Ahmad, K., 2017. The implementation of management accounting practice and its relationship with performance in Small and Medium Enterprises sector. International Review of Management and Marketing, 7(1). Bennett, M. and James, P. eds., 2017. The Green bottom line: environmental accounting for management: current practice and future trends. Routledge. Brownscombe, J.W., Hyder, K., Potts, W., Wilson, K.L., Pope, K.L., Danylchuk, A.J., Cooke, S.J., Clarke, A., Arlinghaus, R. and Post, J.R., 2019. The future of recreational fisheries: advances in science, monitoring, management, and practice.
Ferreira, J., Mueller, J. and Papa, A., 2018. Strategic knowledge management: theory, practice and future challenges. Journal of Knowledge Management. Garcia‐Tsao, G., Abraldes, J.G., Berzigotti, A. and Bosch, J., 2017. Portal hypertensive bleeding in cirrhosis: Risk stratification, diagnosis, and management: 2016 practice guidance by the American Association for the study of liver diseases. Hepatology, 65(1), pp.310-335. Havas, C., Resch, B., Francalanci, C., Pernici, B., Scalia, G., Fernandez-Marquez, J.L., Van Achte, T., Zeug, G., Mondardini, M.R.R., Grandoni, D. and Kirsch, B., 2017. E2mc: Improving emergency management service practice through social media and crowdsourcing analysis in near real time. Sensors, 17(12),
p.2766. Kiesnere, A.L. and Baumgartner, R.J., 2019. Sustainability management in practice: Organizational change for sustainability in smaller large-sized companies in Austria. Sustainability, 11(3), p.572. O’riordan, J., 2017. The practice of human resource management. Research paper, 20. Prasad, L.M., 2020. Principles and practice of management. Sultan Chand & Sons.
Suša Vugec, D., Tomičić-Pupek, K. and Vukšić, V.B., 2018. Social business process management in practice: Overcoming the limitations of the traditional business process management. International Journal of Engineering Business Management, 10, p.1847979017750927. Trianni, A., Cagno, E., Bertolotti, M., Thollander, P. and Andersson, E., 2019. Energy management: A practice-based assessment model. Applied Energy, 235, pp.1614-1636.