MANAGEMENT THEORY

Aspects of Management Theory and Practice

Aspects of Management Theory and Practice

Introduction

While every employee working for wages, and one worst mistake you can make a small or medium business is to think that the only motivation that governs the worker is money. Even when thinking of a way to motivate employees and get better returns, the money may not be the best option. The motivation is the act of encouraging workers to have better performance in meeting the objectives (Cole, 2004). Through motivation, an employee can easily achieve higher productivity, greater efficiency, responsibility and more commitment towards the job that he is performing. But above all, motivated and satisfied we are able to pass this motivation and customer satisfaction, i.e., able to offer its own initiative or good customer service.

In recent decades, there have been some serious political and economic changes that have changed not only the psychology of the Soviet people, but also led to the emergence of entirely new professions, such as dealer, broker, marketer, manager. They have become part of our lives and the everyday speech of many people. But especially in these professions have been known only from reference books and books on foreign economies, which, however, reflect the international experience and does not take into account the specifics of the economy. For example, one of the trends of economic development at the present stage is its de-monopolization and privatization.

The knowledge society, the ability to attract and exploit knowledge for competitive advantage is crucial to your success (Handy, 1991). But knowledge is often concentrated at the top of the organization. There is still a need for communication and top-down leadership, but it must be balanced with the knowledge flows from the bottom up and outside organizations and changes in the way of manager.

Management Theory Aspects

Managers are the building blocks of the organization. Manager performs five functions - planning, organizing, staffing, leading and managing. At all levels of government, we have Managers who work there and perform one or more of these senior positions. The main task of the leader is to achieve an efficient use of resources within an organization. He thus achieved a coordinated human effort. Manager has a crucial role in organizational goals. He is responsible for reconciling individual goals with organizational objectives. It is very important for long-term success of organizations (Sheldrake, 2003). The administrator is the one who communicates organizational vision personnel. He must ensure that effective communication flow within the organization and that no misunderstandings instead.

Manager has a central role in the decision to play in the organization. He must decide how to make and communicate organizational changes. It plays a major role in setting organizational goals. He must be in close contact with employees in the organization. He must understand and motivate them. It should support them and so effectively. He should be praised when shown a brilliant performance and low performance; they have constructive feedback rather than negative ...