Principles of Management
December 15th, 2014
Every company’s goal is to be successful. There are several qualifications you must possess to have a successful company, such as having a strong and reliable staff; employees and even more importantly good managers. Good managers play a relatively important role in the company’s success. There are three major levels of managers; lower, middle and upper-level managers. These managers have many similarities and differences from what the job requires to how hard they work; they can either make or break the company.
Every manager should fulfill the four characteristics required for successful management. The four characteristics are planning, organizing, leading, and controlling. Planning is the ongoing process of developing the business’ mission, objective and determining how they will be accomplished. The process begins with environmental scanning, which means that planners must be aware of the serious contingencies in front of their organizational in terms of economic conditions, their competitors, and their customers. Planning is a never-ending process of action.
Managers need to have organizing skills to decide when decisions will be made, who will do what jobs and tasks and who work for whom in the company. Having leadership is a must because inspiring and motivating workers to work hard to achieve organizational goals gives employees the confidence they need to feel good about the work they are doing for the company. By having control increases the monitoring progression toward goal achievements and that for company employees, taking corrective actions when progress isn't being made
Upper Managers also known as Top Managers are the most important of all managers. Top managers consist of CEO’s, CIO’s CFO’s, and COO’s. The overall direction of the organization is in the hands of the Top Managers which includes developing employee’s commitment and the ownership of company performance. Most company's have success due to the fact that they have a strong Mission Statement; creating positive organizational culture through language and action. Top mangers also monitor the business environment to make sure the company is going as it should by preferring the customers to take surveys on their visit to the store, making sure their technology is up to date so that their competitors can't outdate them with the latest technology.
Middle Managers can be very much described as a coach on a team. They have several co-managers such as plant managers, regional managers, and divisional managers. Middle managers had the job to set objectives with the top management’s goals through the implement subunit strategies for achieving those set objectives by