Management theory and practice Essay Example | Topics and Well Written Essays - 2500 words

Management theory and practice - Essay Example The process of planning, organizing, leading and controlling the work of organization members and of using all available organizational resources to reach stated organizational goals is called management. In fact, management is an attempt to create a desirable future, keeping the past and present in mind. It is not only practiced in a specific time frame but is also the reflection of a particular historical era. Therefore management specializes in dealing with matters of time. Management plays another significant part of making and sustaining relationships. Management specializes in the art of juggling multiple simultaneous relationships. Management is a process to emphasize that all managers, regardless of their specific aptitudes and skills, engage in certain interrelated activities to achieve their goals. It is the journey towards the fulfillment of these goals that requires planning and organizing as pre-requisites. Planning implies that managers think through their goals and actions in advance and that their actions are based on some method, plan or logic, rather than a hunch. However to execute these goal-reaching plans effectively, a proper organizing is required. Organizing is the process of arranging and allocating work, authority and resources among an organization’s members so that they can achieve the organization’s goals. Therefore organizational design becomes very significant. The dynamic engagement approach recognizes that an organization’s environment is not some set of fixed, impersonal forces. Rather, it is a complex and dynamic web of people interacting with each other. Consequently, every organization’s management operates according to certain systems to take care of all in-built and ever-emerging intricacies. There are numerous schools of thought that inspire various management processes. Bureaucracy is one. Bureaucracy has been a highly successful form of organization in the preceding century. Though it