Future of Management 1 Future of Management S emba I. Husband MGT 330 Management: Theory, Practice, & Application Mr. Olsson September 15, 2003 Future of Management 2 Abstract The future of management is headed towards big changes. There are many new management concepts and practices, and the ever evolving shape of corporate organizations. Will there be such thing as a blue-collar worker in the future? The four functions of management must be used to be a successful manager. The future organizations will increasingly be populated with knowledgeable workers who require a different kind of organization and leadership from what works for traditional industrial workers.
Future of Management 3 Future of Management The definition of management is the act, manner, or practice of managing, supervising, or controlling. A manger administers, maintains, relies on systems, counts on controls, and does things right. As a manager your responsible for the performance of all the people on whom your own performance depends. A manager must keep the boss aware of everything that happens within the organization. The first person on whom a manager's performance depends is the boss, and the boss is the first person for whose performace a manager has to take responsibility. A manager must plan, organize, lead and control their organization.
Employees expect the manager to effectively communicate and listen to them. To be an effective manager one should walk around the organization and observe the operation, find out what information or training that you may need to do your job proficiently and build learning into the system. Future of Management 4 The definition of leader is someone who has followers. The foundation of effective leadership is thinking through the organization's mission, defining it and establishing it, clearly and visibly. The leader sets the goals, sets the priorities, and sets and maintains the standards.
As a leader you have to make compromises. Leadership is being responsible for all actions. A leader encourages their associates, pushes them to accomplish goals, gives them praise and promotes them when needed. As an effective leader you must earn trust. If there is no trust then you will not have any followers. You do not have to like a leader to trust him.
Trust is the conviction that the leader means what he says. A leader's actions and a leader's professed beliefs must be congruent, or at least compatible. Effective leadership is not based on being clever; it is based primarily on being consistent. If your a good leader and take care of your people they in return will take care of you.
Future of Management 5 Change is opportunity. There is no predictability. Restructuring the organization around information something that will, of necessity, have to be done by all large businesses. Organizations will eventually have to change its personnel policies, its compensation policies, its promotion policies. The biggest change will be the expectations and the vision of its management group. In many large companies, middle manager and professionals have become alienated from their company, and especially from its top management.
When companies downsize that usually means that you will have to job hunt or relocate to another city / state . Loyalty and trust is a two way street. People in middle management feel that the company has deserted them when their asked to take pay cuts, severance pay, retire early or just let go from the company. Lifetime employment for middle management is a thing of the past. Future of Management 6 Management is creative problem solving. The creative problem solving is accomplished through the four functions of management: planning, organizing, leading and controlling.
The result is the use of an organizations resource's in a way that accomplishes its mission and objectives. In order for an organization to be successful the four functions of management must be applied daily. Without the use of these four functions, organizations will fail. A manager must plan for the future. Be it short term or long term. There must always be a plan available.
A manager must be organized and have organization over his people. Schedules must be followed, task delegated to team members and work coordination. Success and failure are tied directly to the reasons for being in business, mission and objectives. Success requires both effectiveness and efficiency. A good manager influences his people's behavior through motivation, communication, group dynamics, leadership and discipline. The purpose of leading is to channel the behavior of all personnel to accomplish the organizations mission and objective.
Finally a manager must have control. Performance standards are set, based on the organizations objectives measuring and reporting actual performance, comparing the two, and taking corrective or preventive action as necessary. Future of Management 7 References MSNBC: Companies of the Future (April 18, 2003) Track Three: How Companies Will Change. Online Forum MSNBC Retrieved September 15, 2003, from web > Robertson, Paul L. , (2003). Econpapers: The future of management: does business history have anything to tell us.
Australian Economic History Review, 2003, vol. 43, issue 1, pages 1-21 McNamara, Carter. , Management Development Planning, Retrieved September 15, 2003, from web.