MANAGEMENT THEORY

Management Theory

Management Theory

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 (Dopson, 1992: 53). 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 feedback. He must provide them on-line support and help. Manager must resolve conflicts between workers and trying to reach an acceptable solution. This will improve the quality and performance of staff. For example, a manager's role is very important, because both employee productivity and improve business productivity. He should understand that organizational success depends on employees (Connell, 1999: 44). So the more satisfied and happier employees are more successful organization of the show. Manager should be devoted to his work as an example for their subordinates to be. Whereas the last decades, especially since 1960, the technological development in the 20th century, most wealth-creating work from physically based to knowledge-based.

Technology and knowledge are the main factors of production. With the increased mobility of information and a global workforce, knowledge and experience can be directly transported across the world, and all profits from the company may be removed to improve the competitive night (Beatty and Lee, 1992: 957). Only a competitive advantage to use the process of innovation that combines market and technological expertise with the creative talents of knowledge workers in a constant stream of competitive problems and its ability to infer the value of information to the solution. We enjoy the information society in the knowledge economy where knowledge is very important.

The term knowledge economy is born from the awareness of the role of knowledge and technology in economic growth. Knowledge, as human capital is also included in technologies. Technology has always been central to economic development. Its importance is growing increasingly. The economies are more dependent than ever on the production, dissemination and use of knowledge (Baldwin, 1995: 77).

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 ...