Difference between revisions of "Management"
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Revision as of 14:01, April 15, 2024
"Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively."[1]
Contents
Management skills articles
- Management skills, Corporate Finance Institute
- Top Management Skills Employers Value With Examples, The Balance
- 9 Key Management Skills: How to Show Them on Your Resume, Coursera.org
Harvard Business Online and Harvard Business Review
- Skills You Need to Manage Teams, Harvard Business Online
- Management Skills, Harvard Business Review
- Ask an Expert: What Skills Do I Need to Become a Great Manager?, Harvard Business Review, 2022
- Three Skills Every 21st-Century Manager Needs, Harvard Business Review, 2012
- What Great Managers Do, Harvard Business Review, 2005
Management by objectives
See also: Goal setting
Management by objectives (MBO) is a process where a manager and employee agree on goals and then develop a plan to achieve them. The goal is to align objectives throughout an organization and increase employee participation and commitment. MBO is a strategic approach to enhance the performance of an organization.
Steps in the MBO process
1. Set goals
2. Set realistic goals
3. Jointly participate in goal setting, planning, and controlling
4. Provide feedback
5. Essay: Collaboration skills with employees
6. Assess progress
7. Reward excellent performance
8. Encourage improvement
9. Review goals
MBO categorization
MBO objectives can be categorized into three types:
1. Strategic: Broad, general objectives determined by company management
2. Tactical or Team: More specific objectives set for teams or departments
3. Operational or Individual: Specific objectives belonging to an individual
Management quotes
- "Management is about persuading people to do things they do not want to do, while leadership is about inspiring people to do things they never thought they could." - Steve Jobs
- "Management is doing things right; leadership is doing the right things." - Peter Drucker
- "Management by objective works - if you know the objectives. Ninety percent of the time you do not." - Peter Drucker
- "No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings." - Peter Drucker
- "The art of effective listening is essential to clear communication and clear communication is necessary to management success." — James Cash Penney
- "Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession" — Clayton Christenson
- "Management's job is to convey leadership's message in a compelling and inspiring way. Not just in meetings, but also by example." - Jeffrey Gitomer
- "Good management consists in showing average people how to do the work of superior people." - John D. Rockefeller
- "The first rule of management is delegation. Don't try and do everything yourself because you can't." - Anthea Turner
- “Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them.” - Paul Hawken
- "An employee's motivation is a direct result of the sum of interactions with his or her manager." — Bob Nelson
- "The way management treats associates is exactly how the associates will treat the customers." — Sam Walton
