Business Assignment 2 Essay Example | Topics and Well Written Essays - 1500 words

Business Assignment 2 - Essay Examplesbetter, for in human society. Management today is not just restricted to human resource but is instantly divided into various segments like caution of finances, strategic trouble, operations management, time management, marketing management and crises management. (Finkelman, 2006). on that point are various functions of management that includes planning, organizing, staffing, directing, coordinating, reporting and budgeting. It is through these functions that complete and successful management can be done in an effective and efficient manner. (Finkelman, 2006). There are three different role of management or a jitney that are interpersonal roles, informational roles and decisional roles. (Covey, 1992). Interpersonal roles includes role of a figurehead, attraction and liaison. Informational managers role is of monitoring, disseminator and as a spokesperson. Decisional roles include entrepreneur, disturbance handler, resource allocator and neg otiator (Mintzberg, 1973).In general, there are two attemptes to management, the industrial governing body approach and the sociological approach. (Covey, 1992). Industrial organization approach deals with economic theory focusing on competitive rivalry, resource allocation and economies of scale. (Finkelman, 2006). Sociological approach deals with human interaction assuming rationality, satisfying behavior and profit sub-optimality. Thus a good management style is a mixture of efficiency and effectiveness without which the desired result can not be reached. (Bush, 2003).A leaderis a person who guides others toward a common goal, showing the way by example, and creating an surround in which other team members feel actively involved in the entire process. A leader is not the boss of the team but a person that is focused to carrying out the mission of the organization. (Bush, 2003). wherefore leadership is the process by which an individual influences others to achieve a common goal and creating an environment in which