Management is the ct of allocating resources to fulfill or accomplish certain goals with efficiency and effectiveness. Management is comprised of a certain group people or entities joined together to form a management process. The various branches of management include:
Management can be applied on many areas for personal, group of persons, company or even in government depending on the types of management skills being utilized. Management is useful to all aspects of an individual or organization. The following are some of the areas where management is applicable
1. Self-management skills
Self-management refers to many aspect; personal development, self care, self-managed economy, workers’ self-management and self management in terms of actions control. Being able to manage your actions, schedule and responsibilities as a student will ensure that you do the right thing at the right time and in the expected manner.
2. Department management
In every organization, there are departments that make sure the organization runs smoothly without breakdowns or hindrances. The organizations are headed by managers who have management skills to hold office and manage the departments. The managers act as leaders in their respective department and shows junior staff the way.
3. Field management
Field management deals with all the properties the organization owns apart from the assets that the company deals with directly. A good example of field management is association management. Association management is distinct in that it deals with the unique environment of associations. Members of an organization deals or governs the association by themselves.
Managerial work of every organization is simply to make profit for the shareholders, create high quality products for customers and at a reasonable cost and provide employment opportunities for employees. For nonprofit making organizations, managers have to maintain loyalty of the donors. In modern organizations’ management, the shareholders are the sole owners of the organization. They are then tasked with voting in for the board of directors, and then the board hires the senior management team. However, in some organizations, employees vote for the managers selected or review their history before ushering them to office.
Management traces it history back in the Ancient civilization, it is known as the modernity conceptualization. It was first used in the ancient trade and during the construction of pyramids in ancient Egypt. It was slowly developed during the slave trade where slave owners used motivation as a way of getting their work done without a go-slow.
The full evolution of management came in the 20th century where new branches of management were introduced namely:
- Strategic management
- Marketing management
- Operations management
- Human resource management
- Information technology management (Management information systems)
Coming into the 21st century, observers have found it difficult to subdivide management into other functions. The only thing that has been put to light is the level of management. There are three levels of management under which the department lies. These are
- Top-level management-comprises of board of directors, CEO, president and the vice president
- Middle-level managers– consist of branch managers, general managers and department managers.
- Lower-level managers– consists of supervisors, foremen and section leaders
Management is an important subject in schools as it prepares the students with the necessary knowledge to run big organizations in future after they complete their studies. For students in at the graduate level be it in a college or the university, you may choose to specialize inthe different subareas such as human resource, entrepreneurship, organizational behavior, strategic management, , corporate finance, accounting, real estate management among others. A master’s degree can be obtained for those students who choose to take these courses.
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