StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Management Theory And Practice - Essay Example

Cite this document
Summary
Human resource Management is, perhaps, the oldest and most widely researched subject in management. Yet, as technologies change, cultural diversities occur and people's expectations undergo fundamental shifts towards newer and newer dimensions. For instance, professionals are gaining more say in the running of organizations…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
Management Theory And Practice
Read Text Preview

Extract of sample "Management Theory And Practice"

Download file to see previous pages

Management is the dynamic, life-giving 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 organizational objectives getting things done through the employees. Human resource Management is very essential for successful running of an enterprise. It ensures proper use of physical and human resources by deriving the best results. It leads to efficient performance and higher productivity.

Human Resource Management is very essential for every organization to make productive use of human physical and financial resources or the achievement of the organizational goals. It helps in determination of objectives. No organization can 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 selection 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 planning activity 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 will assist the organization in focusing its efforts.Step 2Assess the present situation and forecast the future situation. The current situation needs 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 organization's goals. These must be carefully evaluated.

Step 4Implement the plan. Once the choice has been made from the various alternatives, the plan can be drawn up and implemented. However, planning alone is not a guarantee of success. Success depends on the effective implementation of the plan, and involves management skills in organizing, staffing, leading and

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Management Theory And Practice Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Management Theory And Practice Essay Example | Topics and Well Written Essays - 3000 words. Retrieved from https://studentshare.org/miscellaneous/1503405-management-theory-and-practice
(Management Theory And Practice Essay Example | Topics and Well Written Essays - 3000 Words)
Management Theory And Practice Essay Example | Topics and Well Written Essays - 3000 Words. https://studentshare.org/miscellaneous/1503405-management-theory-and-practice.
“Management Theory And Practice Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/miscellaneous/1503405-management-theory-and-practice.
  • Cited: 0 times

CHECK THESE SAMPLES OF Management Theory And Practice

WaterAid UK. Operational Management

The global strategy for WaterAid is to offer strategic perspective for building on this experience and integrating equity,… WaterAid UK Operational management.... Therefore, the WaterAid human resource manager has made significant efforts of partnering with others in creating an efficient operational management team in order to deliver sustainable services.... Staff and volunteer management The company has varied staff workers and other volunteer groups who work together as a team to deliver effective services....
4 Pages (1000 words) Essay

Management Theory and Practice: Leadership. Portia Simpson Miller

The extraversion traits possessed by Portia Simpson Miller include being social, outgoing and one can see that she was quite relaxed in gatherings and different meetings.... This nature of Portia made her quite popular among the people as she not only felt relaxed among them but she made other people feel relaxed as well....
3 Pages (750 words) Essay

Gap between Management Theory and Practice

management is a binding force for almost all aspects of a company.... Managers perform people management in the organization.... Olum described a diverse range of functions that come under the flag of management; ranging from planning to monitoring, from hiring to employee development.... … Many management theories have been developed that guide the managers about the art of managing effectively.... However, there lies a gap between the actual practices of managers in an organization and the guidelines in the theories of management....
10 Pages (2500 words) Essay

Discussion Question

Financial Management Theory And Practice.... Achieving these goals and objectives is a process that requires enough time and resources, as well as management of all activities that the company engages in.... Achieving these goals and objectives is a process that requires enough time and resources, as well as management of all activities that the company engages in....
1 Pages (250 words) Essay

Human Resources Management Functions of Coca-Cola

aylor, Armstrong's handbook of human resource management practice the UK: Kogan Page Publishers, 2014).... aylor, Armstrong's handbook of human resource management practice the UK: Kogan Page Publishers, 2014).... This case study "Human Resources management Functions of Coca-Cola" focuses on the human resource management principles and practices followed within the United Kingdom.... It also emphasizes on the management of recruitment, retention and employment termination policies followed by an organization....
11 Pages (2750 words) Case Study

Management Theory and Practice in the Early Childhood Education Industry

The author of "Management Theory And Practice in the Early Childhood Education Industry" paper applies management theory into practice in the early childhood industry, especially in the context of women leaders.... This report applies management theory in specific relation to the motivation of employees working in the early childhood sector.... hellip; Applying Taylor's Scientific theory of management, it would be the efficiency of the working methods which would be the most important (Taylor, 1911)....
6 Pages (1500 words) Coursework

Peter Drucker's Major Contributions to Management Theory and Practice

The paper “Peter Drucker's Major Contributions to Management Theory And Practice” overviews ideas of the thinker, who created the concept of the knowledge worker, who made a revolution in management, focusing on the motivation of the employee, and not just demanding his maximum productivity.... hellip; Peter Ferdinand Drucker (1909-2005) is well known as the father of management an expert of various other fields but his major contribution was to the field of business in relation to which he wrote 39 books in total and countless articles throughout the span of his life and laid the foundation for the management practices all around the world....
11 Pages (2750 words) Coursework

Druckers Contribution to Management Theory and Practice

The paper “Drucker's Contribution to Management Theory And Practice” is dedicated to ideas of the founder of a marketing mindset.... hellip; In order to critically analyze Peter Drucker's major contributions to Management Theory And Practice, it is imperative to begin by defining the term management.... Through his cognitive learning theory, Vygotsky (1962, 1968) believes that social growth is caused mainly by social interaction....
10 Pages (2500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us