In our day-to-day life people ‘manage’ many tasks. So, it is important to understand the meaning of the word Management. In simple words, Management means ‘To Manage’.
To define it formally: It is the function that coordinates the efforts of individuals to accomplish an objective using available resources efficiently and effectively.
The key processes of management are: Planning, Organising, Staffing, Directing and Controlling. All these steps are related and interdependent to each other.
Every organisation has to follow a set of processes. If they are followed sequentially, the organisations get to know how to plan and organise their staff and how to direct them to attain the personal and organisational goals. It also helps them in dealing with predictability scenarios or unforeseen situations. By working together, the organisation builds Trust in their employees and on themselves in return, to deal with complex situations. If relationships are healthy, the work environment becomes favourable and people start working more dedicatedly, efficiently and effectively. If organisation cares for its employees and maintains its relationship in their good and hard times, the employees get further motivated and they try to give their best at work. This results to help the organisation to successfully compete in this competitive world of technology and helps to sustain their position in the markets.
Understanding Organisation, Prediction& Trust
The main areas of trust are:
- Integration of speech and action
- Respect and emotional bonding
- Active communication