Importance of Management Essay Example for Free

Importance of Management Essay Management  is a universal phenomenon. It is a very popular and widely used term. All organizations business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to  Harold Koontz, â€Å"Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals†. According to  F. W. Taylor, â€Å"Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way†. Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre determined goals. It is the process of working with and through others to effectively achieve the goals of the organization, by efficiently using limited resources in the changing world. Of course, these goals may vary from one enterprise to another. E. g. : For one enterprise it may be launching of new products by conducting market surveys and for other it may be profit maximization by minimizing cost. Management involves creating an internal environment: It is the management which puts into use the various factors of production. Therefore, it is the responsibility of management to create such conditions which are conducive to maximum efforts so that people are able to perform their task efficiently and effectively. It includes ensuring availability of raw materials, determination of wages and salaries, formulation of rules amp; regulations etc. Therefore, we can say that good management includes both being effective and efficient. Being effective means doing the appropriate task i. , fitting the square pegs in square holes and round pegs in round holes. Being efficient means doing the task correctly, at least possible cost with minimum wastage of resources. Management can be defined in detail in following categories : Management as a  Process Management as an  Activity Management as a  Discipline Management as a  Group Management as a  Science Management as an  Art Management as a  Profession 1. It helps in Achieving Group Goals   It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. By defining objective of organization clearly there would be no wastage of time, money and effort. Management converts disorganized resources of men, machines, money etc. into useful enterprise. These resources are coordinated, directed and controlled in such a manner that enterprise work towards attainment of goals. 2. Optimum Utilization of Resources   Management utilizes all the physical amp; human resources productively. This leads to efficacy in management. Management provides maximum utilization of scarce resources by selecting its best possible alternate use in industry from out of various uses. It makes use of experts, professional and these services leads to use of their skills, knowledge, and proper utilization and avoids wastage. If employees and machines are producing its maximum there is no under employment of any resources. 3. Reduces Costs   It gets maximum results through minimum input by proper planning and by using minimum input amp; getting maximum output. Management uses physical, human and financial resources in such a manner which results in best combination. This helps in cost reduction. 4. Establishes Sound Organization   No overlapping of efforts (smooth and coordinated functions). To establish sound organizational structure is one of the objective of management which is in tune with objective of organization and for fulfillment of this, it establishes effective authority amp; responsibility relationship i. e. who is accountable to whom, who can give instructions to whom, who are superiors amp; who are subordinates. Management fills up various positions with right persons, having right skills, training and qualification. All jobs should be cleared to everyone. 5. Establishes Equilibrium   It enables the organization to survive in changing environment. It keeps in touch with the changing environment. With the change is external environment, the initial co-ordination of organization must be changed. So it adapts organization to changing demand of market / changing needs of societies. It is responsible for growth and survival of organization. 6. Essentials for Prosperity of Society   Efficient management leads to better economical production which helps in turn to increase the welfare of people. Good management makes a difficult task easier by avoiding wastage of scarce resource. It improves standard of living. It increases the profit which is beneficial to business and society will get maximum output at minimum cost by creating employment opportunities which generate income in hands. Organization comes with new products and researches beneficial for society. What is the Importance of Management in Business? â€Å"Some underestimate the importance of management in business but the latest researches have shown that it is certainly not the case. The input of the labor, capital and raw materials can never become production without the catalyst of management. A business cannot survive without management because management is its means of support. Management is concerned with acquiring maximum prosperity with minimum efforts. Management is essential wherever group efforts are required to be directed towards achievements of common goals. In this management conscious age, the significance of management can hardly be over emphasized. It is said that any thing minus management amounts to nothing. There is no more important area of human activity than management since its task is that of getting things done through others. Some underestimate the importance of management in business but the latest researches have shown that it is certainly not the case. The input of the labor, capital and raw materials can never become production without the catalyst of management. Management is a dynamic life-giving element in an organization. In its absence, the resources of production remain underutilized and can never become production. In fact, without efficient management, no country can become a nation. Business is basically a group activity and management plays an important role in making it more effective. The group as a whole cannot realize its objectives unless and until there is mutual cooperation and coordination among the members of the groups. Management creates teamwork and team spirit in an organization by developing a sound organizational structure. It brings the human and material resources together and motivates the people for the achievement of goals. The available resources of production are put to use in such a way that all sort of wastages and inefficiencies are reduced to a minimum. If the managers in any business are not considerate and good at their job, nothing worthwhile can be expected of the subordinates. The motivation level of the employees is directly related to good management. Management creates and maintains an environment conducive to higher efficiency and performance. A business enterprise operates in a constantly changing environment. Changes in the business environment create risk and also provide opportunities for growth. A conducive and encouraging environment is indispensable for any business and sound management makes it possible easily. Negative Aspects of Technology Introduction The history of technology is as old as human life. This is because the usage of technology came into existence when the humans existed. Technology had a great progress since ages that is from mastery of fire by man to computers, rockets, electronics etc which shows the 21st century achievements. The technologies that evolved in the past and even now made our lives comfortable. People are totally dependent on technology. Technology helps in speedy development and changes. According to a dictionary the definition of technology is given as â€Å"the sum of the ways in which social groups provide themselves with the material objects of their civilization. (Technology, 2012). This shows that technology usage has become as part of our life. These technologies include computers, cell phones, emails, video conferencing and even the basic things like microwave oven and fridge. Technology has become important in every aspect of our life. It changed our way of life in both positive and negative ways. Over past decade, there are many new techno logies that have evolved and there is much advancement in the existing technologies. Technology separates individuals from reality. Problem The advancements in technologies have made our lives comfortable but there is a great negative impact of the technology in our lives. There are many factors that supports that technology has adverse effects on society. Technology is not always green. While new and rapidly advancing knowledge will surely become a dominant force shaping the future of mankind, experts tells that advancing technology always brings side effects. This is because humans modify nature to meet their needs and wants. So scientists feel that the development of technology is causing harm to the environment. Technologys Negative Impact on Business Technology has positive affects on global business. The Internet makes it possible for people to communicate easily with associates in other countries. Ecommerce makes it possible for consumers to purchase almost anything from almost anywhere. And the flow of information is fast and often free once you have paid for Internet access. However, technology also has negative impacts on business. Business Relationships Internet technology such as chat rooms, Skype and other software has made it possible to hold meetings without all parties being physically present in the same place. A drawback is that meeting with somebody over the Internet is much less personal than meeting face-to-face. Internet technology in business decreases the personal aspect of business relationships. Business people used to network in restaurants and on golf courses. Today, the lack of physical proximity decreases brainstorming and other communications that use a personal touch. Employee Morale Installing monitoring software in the workplace sends the message to employees that the company does not trust them, according to research done under the aegis of professor Howard Besser while teaching at New York University. Giving employees responsibility, trust and respect boosts their morale and productivity. Showing them that they are not trusted and must be recorded decreases morale and worker productivity. This is true regardless of the actual reasons for installing monitoring software, according to the same research. Spam Spam refers to unwanted and unsolicited email messages. Spam is widespread and has negative impacts on business, according to the article Impact of Information Technology on Global Business published by Purdue University. Wading through spam email is a waste of time, and spam filters can only do so much. Users of spam filters must then check for necessary email messages diverted incorrectly as spam. Brick and Mortar The popularity of ecommerce has had a negative impact on brick-and-mortar retail stores. Smaller stores are finding more and more difficult to compete with both Internet businesses and larger retail stores. For example, small community bookstores must compete with Amazon. com as well as large stores such as Barnes ;amp; Noble that sell in person and online. Sometimes the smaller stores end up going out of business.

Shakespeare’s Comedy of Errors Essay -- essays research papers

Shakespeare’s Comedy of Errors Comedy of Errors is one of Shakespeare’s first plays. The minor characters, in the play, Egeon and the Duke, set up the framework of the play. Egeon, at the request of the Duke, describes his adventures and relates his life story. This provides the history of The Comedy of Errors, and helps keep track of the confusion, which unfolds during the play. There are several themes that Shakespeare uses which are only loosely related to the actual comedy. The conflicts between burden and freedom, rule and compassion, loss and rebirth all form a critical undertone within the play. There is also the serious effect time. Shakespeare requires that all the action end at five o'clock, the time of Egeon's execution, Antipholus of Syracuse's meeting with the merchant, and the moment when Angelo must pay the Second Merchant his money. There are also several coercions within the play. The comedy opens with Egeon unintentionally breaking the law, for which he is sentenced to death. In addition to this very real danger of death, there is also the risk that the play will end too soon. At various times the reader could assume the characters are close to revealing the entire plot and ending the play. These occur when Antipholus has the chance to demand payment from his father at the beginning, and also when both Dromios are on opposite sides of the door at Adriana's house. The characters are meant to gain knowledge of something. For instance, the Duke claims th...

Directed Writing Essay

Judging from the letter you sent me last week, you seemto be doing just fine. I would like to apologize for not writing sooner; the ton ofholiday homework I received from school made it virtually impossible for me topen a reply any sooner than today.My answer to your question would definitely be a yes. I think that youwould make an excellent Head Prefect. Your out-going and down-to-earthpersonality should be enough to convince you of your undoubted capability totake on this task. Your friendly  and helpful  nature would make it easy foryou to get along with the students and reprimand them in a tactful way. I am also sure that you would take your responsibilities seriously as you are one ofthe most responsible people with whom I have made my acquaintance.Furthermore, your academic performance outshines your peers makingit clear that you are an intelligent and hardworking student. This in itselfproves that you are capable of dealing with heavy workloads. Goodnessknows, with the subject combination that you are taking, your workload isanything but light. Plus, I know that you especially have a knack for solvingproblems. Though being a Head Prefect is without doubt a tiring job, theexperience you have gained from being actively involved in co-curricularactivities should help you to pull through. Being the Captain of the BlueHouse  should give you a vague idea of what it is like to lead the school, while as the secretary of the English Language Society  , you should be an expertat handling paperwork and organizing events. Besides  that, by virtue of youbeing a school debater  , your speeches would surely be outstanding.The strategic  location of your house  should also give an extra shovetowards running for the past. As it is within walking distance from theschool, you would be able to sacrifice time and effort in carrying out yourduties as Head Prefect. Your academic performance would also beunaffected as you are a consistent student with good study habits. Inaddition to that, you have a further advantage of being popular among thestudents as well as the teachers  .Having read of all your good qualities should make it an easy choice foryou now, don’t you think? I hope I have helped you to make up your mind, butremember that no matter what choice you make, I will be rooting for you. Letme know of your decision. Till next time, bye!Your friend,Hisha

Graduation Speech Sports Or Extracurricular Activity

From an early age, most children are put into some kind of sport or extracurricular activity. For my family, this sport or extracurricular was soccer. I was also put into things like gymnastics and piano lessons, but soccer seemed to be the only thing that my parents could get us to weekly without having to deal with the major crying fit that came along with our busy schedule and lack of naps. Luckily, I was placed on a team with coaches and friends that made me love the game even more. I was probably five or six years old when I first went to practice with the Grapevine-Colleyville Mustangs. I remember my mom helping me get dressed, starting with the practice jersey and finishing with the tying of my cleats. While I was excited to get†¦show more content†¦We were grouped up in pairs and were told to pass the ball back and forth. Not knowing what that meant, I kicked the ball as hard as I could, nailing my partner in the stomach with the ball. Coach Louis came rushing over t o make sure I hadn’t seriously injured the poor girl picking her back up and allowing her to take a water break (This girl never seemed to like me and only played for the team for a few months before switching to another recreational team). From there, we were all given a detailed lesson on how to properly kick the ball back and forth. After the kicking lesson we sat down as a team to learn all of the positions on the field. At this age, only six players are on the field at once per team; three offensive players, three defensive players and no goalie. This starting method is very different than the traditional eleven players for adults which includes: four offensive players, four defensive players, two midfields who can play either defensive or offensive side and finally, your goalie. If anyone has ever tried watching a group of toddlers try to play an actual game of soccer, these positions are quickly forgotten and they all go after the ball at the same time. This method of playing the game can quickly end in injury if the referee doesn’t stop the game and reset each position. This is what a majority of the Grapevine-Colleyville Mustang soccer games looked like for at least a year and a half until we all understoodShow MoreRelatedThe Importance Of Extracurricular Activities1503 Words   |  7 Pages Do students in school ever get overwhelmed with school work? Over time, schools have developed extracurricular activities, such as sports, clubs, academies, and so on. These activities are not a part of school curriculum, but it is part of the educational experience for students because of the benefits they have. 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