Roles of Management

Roles of management in business: Employees are the heart of any business, but management is the soul! They are the center of the operation. The role of management in business is critical to success and requires an individual who possess the following abilities. Goal setters: Whether it is completing all items on the to do list in the business planner, or scheduling the meeting with the marketing department about a promotion three months out, good managers know the importance of goal setting, and know how to get things done. Without goals, business remains stagnant and sales dwindle.

With no game plan opportunities are wasted, and growth is impossible. Mangers play an important role in a business by defining objectives, setting goals and following up. Leadership abilities: Skillful leaders are always on! From a simple gesture such as greeting employees with eye contact and a smile, to more difficult maneuvers such as leading the team through achieving a difficult task, great management always understands that the workers are the most important asset to his business. Being an approachable leader is imperative to the success of a manager.

When a manager is easier to approach, the business has a better chance of addressing critical issues that will influence the achievement of the goals. Leadership plays a key role in the managing of any business. Delegation skills: No one can do everything themselves nor should they ever try. Effective managers not only delegate, they know what is important to delegate and what is better left in their own hands. Some managers delegate everything and actually have little control over the operations of the business. This can lead to poor quality and sloppy ractices. Other managers are so tight with power they try and do everything alone, which is a big blunder. It undermines the staff, and sends a clear message to them not to interfere or provide input. This is missing the opportunities that can expand the business. It also goes nowhere in developing a competent and well trained staff. Tenacity: the role of the manager is have a complete commitment to his/her business. Commitment to the goals of the organization, to the employees, customers, and also a commitment to themselves.

To have a steady hand when things get tough, and the confidence to stick to the plan and follow through. When the manager takes on the role of total commitment to the business, the rest of the goals fall into place. People love success, and want to follow successful people. Confidence breeds success, and a successful manager is committed to winning. Goal setting, leadership, and dedication to the business, are all important roles a manager works on to run a successful business. Without direction and drive, businesses falter.

Managers play an important role in a business because they are the goal setters, the go to person, and the steady hand, that brings success! Management is comprised of the people who lead, guide and shape an organization. A formal meaning of management is described as “the process of working with and through others to achieve organizational objectives in an efficient and ethical manner” (Kreitner-Kinicki, 2006). Organizations often have different philosophical beliefs and vision, but a common trait all businesses possess is an established management framework, although these can vary in structure.

Despite the varying factors of structure which may exist amongst organizations, the foundational role of management in a company bear a lot of similarities because they all have the need to be able to successfully meet their companies’ objectives. Effective managers possess a unique set of problem solving tools which they keep in a “managerial toolbox”. These tools are a compilation of several skills and managerial techniques used to apply in situations to help make the best decisions and fulfill their leadership role.

For instance if a conflict occurs between employees or an ethical dilemma arises, managers can dig into their proverbial toolbox and effectively use these techniques to solve the problem. These proficiencies enable managers to be able to make good choices and help a company to succeed and grow. *Traditional Managerial Roles Managers need to be able to effectively follow through on organizational mission and work hard to meet their company’s objectives. As a part of this function it is important for management to coordinate organization and planning.

A good manager defines strategies, goals for the company to achieve and establishes a vision and direction. An important role management must play is the decision maker. This applies to financial, budgetary, personnel, policy and security judgments. These are not always easy decisions, but they must be made and management takes on that duty. Strategic planning is an essential task and managers work to set targets and progress to make sure benchmarks are reached in a timely fashion. This planning ultimately culminates in meeting goals (and hopefully increasing! ) profitability.

While ensuring financial stability is an important component of management, profits and budgets are not the only management duties that are performed. Managerial members are also highly engaged in leading and motivating, team building, dynamics and the overall development growth of the business. A good manager realizes the value of a company’s employees and leads with the intent Every business or organization requires planning, direction, organization and control for it to set off and continue to grow. It is the role of management to perform such duties for the perpetual existence and increased productivity of the organization.

Management plays a crucial role in business by doing some of the following: Planning. A business must have goals and objectives, as well as the course of action that must be taken to achieve them. Management make this happen. They set goals and objectives for the business. At the same time, they plan on how they will achieve them, and offer guidelines to the rest of the team members. Organizing. Management determines the internal structure of the organization, such as assigning roles to different people in different departments.

After determining the course action, management must determine what kind of management structure they need to follow. This is where they design organizational charts and assign roles to different titles or people. Staffing. Managers are tasked to recruit, hire and train people to perform various functions in the business, as laid out in the organizational structure. They also make decisions regarding how much they should pay the employees as well as their benefits, if any. Control. This is one of the major roles of management.

It is necessary to set performance standards based on the established goals and objectives of the organization. This is to be used as a yard stick to measure the performance and compare it with the projected outcome. And if deviations should occur, it is management’s responsibility to take necessary action. A business cannot perform without some form of control and this is where management comes in. Direction. In order for an organization to fulfill its goals and objectives, and especially in the modern era of doing business, management must influence its employees to perform to their best and more efficiently.

Management is therefore important in motivating, leading, supervising teams in businesses. This is where great leadership skills become essential. Conflict resolution. Somehow related to direction, management plays an important role of resolving internal conflicts as they arise in business. Without management, there would be no one to deal with the small issues that arise in most businesses. But because managers are the focal point in the business, they are constantly working to create harmony so employees can focus on the business goals other than interpersonal issues.

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