Management Theory And Practice Essay Example | Topics and Well Written Essays - 3000 words

Management Theory And Practice - Essay ExampleManagement is the dynamic, invigorating element in every business. Without it the resources of production remain resources and never become production. (Sharma, 2004 11)This definition emphasizes that the managers achieve organisational objectives getting things done through the employees. Human resource Management is very essential for successful trial of an enterprise. It ensures proper substance abuse of physical and human resources by deriving the best results. It leads to in effect(p) performance and high productivity. Human Resource Management is very essential for every scheme to make productive use of human physical and financial resources or the achievement of the placemental goals. It helps in determination of objectives. No organization poop succeed in tits mission unless its objectives an identified and well denied. Management helps in achieving these objectives by the efficient use of resources.Planning is the selecti on and relating of facts and making and using of assumptions regarding the future in the visualization and formalization of proposed activities believed necessary to achieve desired results (Sharma, 2004 26).Planning is straightforward, and the process of planning can be summarized in five steps, which can be adapted to suit any(prenominal) planning drill at any level in the organization with the support of highly skilled individuals. (Yvonne 28)Assess... Policies, procedures and rules are often referred to as standing plans they are automatically activated when certain events occur.The Planning ProcessPlanning is straightforward, and the process of planning can be summarized in five steps, which can be adapted to suit any planning activity at any level in the organization with the support of highly skilled individuals. (Yvonne 28)Step 1Establish a goal, or a number of goals. Planning begins with defining what the organization wants to achieve. Being as specific as possible, and establishing priorities pull up stakes assist the organization in focusing its efforts.Step 2Assess the present fleck and forecast the future situation. The current situation motives to be assessed and analyzed before future activity can be investigated. Questions such as How far is the organization away from its goals And What resources does it have to reach the goals need to be addressed. A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis needs to be undertaken. This involves identifying the strengths and weaknesses of the organization and determining the opportunities available to the organization and the threats it faces Step 3Develop and evaluate alternatives. After auditing the resources of the organization and making forecasts, it is likely that there will be several courses of action, which could accomplish the organizations goals. These must be carefully evaluated. Step 4Implement the plan. formerly the choice has been made from the various alternatives, t he plan can be drawn up and implemented. However, planning unaccompanied is not a guarantee of success. Success depends on the effective implementation of the plan, and involves management skills in organizing, staffing, starring(p) and