It is not restricted to large companies but also to small entrepreneurs and non- profit institutions. It possesses a large history of growth and improvement. Due to the modification and ever altering conceptualization of management, it has been perceived more largely. It, thus, is defined largely as comprising of five elements. Management can either be a science or an art of fulfilling common goals of a group through efficiency and effectiveness of utility of resources. The five elements are; planning, organizing, controlling, staffing and directing. In a case of absence of one of the pillars, management can become cumbersome and lead to eventual failure of an organization. This type of management usually involves strategic elements.Management shares vital elements of a group of people and resource utility. It is essential to note that management possesses different levels in such a way that other managers report to senior managers.
Before discussing these five branches of management, it is important to look at few other elements of management or managers. This helps one conceptualize and understand the scope of management. To begin with, the roles of a manager cover three ideals. These roles provide the foundation for the five tasks of management. A manager is supposed to handle roles that concern the relationship and links of employees. In addition, a manager is supposed to carry out the roles of ensuring correct and timely information to the organization. Lastly, a manager should ensure rational and timely decision construction in the organization. Apart form those skills, management necessitates political skills in harnessing power and control. In addition, it requires conceptualization skills in understanding complicated situations. Moreover, it requires good personal relation skills and diagnostic skills in achieving the right response to difficult scenarios.
The first pillar of ...Show more