Table of Contents
- 1 Introduction
- 2 How Do You Define a Management Process?
- 3 Salient Features of a Management Process
- 4 Explore our Popular Management Courses
- 5 Our Top Management Articles
- 6 Functions of a Management Process
- 7 Our Top Management Articles
- 8 Conclusion
- 9 Q1. Why study management?
- 10 Q2. Do you need to study business management to become an entrepreneur?
- 11 Q3. Can a manager become an entrepreneur?
- 12 Upskill Yourself & Get Ready for The Future
A process is a systematic way of executing tasks. It is concerned with the transformation of inputs into outputs. An analysis of the management process will help us understand the functions that managers perform. However, before we analyse, we need to understand what is management process all about.
How Do You Define a Management Process?
Management is a process that brings scarce human and material resources together and motivates people to achieve common organisational goals. It is not a one-time act but an ongoing progression of complementary activities.
In simple words, a management process is a well-defined system of setting goals, planning and controlling any action’s execution. It constitutes a set of interrelated operations or functions necessary to accomplish desired organisational objectives. These activities include but are not restrained to:
- a project (project management system), or
- a process (process management system, sometimes referred to as the process performance measurement and management system).
The senior management of an organisation is in charge of carrying out its management process. However, this is not always true for all management processes; for example, sometimes, it is the project manager’s responsibility to carry out a project management process.
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Salient Features of a Management Process
The following features characterise a management process:
1. Management is Highly Aspirational
The achievement of pre-defined objectives is an essential aspect of the management process. It is a medium to accomplish the goals and objectives established well in advance. Without any purpose, there is no rationale for a management process in place. Every activity undertaken by an organisation’s management should be goal-oriented. This achievement of pre-defined goals is a measurement of the success of any organisation’s leadership.
Read: Essential project management skills for a successful career.
2. Management is Omnipresent
In today’s world, management is pervasive. Be it clubs, governments, armies, or business organisations; all require an efficient management system. The basic principles of management apply to all spheres within an organisation. Managers at all levels execute the same essential functions day in and day out. It is this persistent need that makes the management process a universal concept.
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3. Management is an Ongoing Process
Management is not a one-off affair; rather, it is a continuous exercise. The constant desire to achieve varied organisational goals makes management an ongoing process.
Read: Kickstart your product manager career with IMT Ghaziabad & upGrad.
4. Management is Abstract
Management is neither visible nor can it be felt in a real sense. One can only observe management’s accomplishments and compare a well-managed organisation with one that has been poorly managed.
5. Management is Social in Nature
Management is social because it involves interpersonal relations. The human element is the most crucial factor in the management process as it is dictated by contrasting social values and cultures. It is a function that transforms society, preserves the community, and endorses its future interests.
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6. Management is Versatile
Management deals with human reactions under enterprising conditions. The awareness and the aptitude required for management comes from several disciplines like Sociology, Psychology, Engineering, Economics, Anthropology, Mathematics, etc. It is this aspect that makes managing a multifaceted experience.
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7. Management is Conditional
There are several ways of doing things. An existing situation determines the most suitable method of performing any task. Sometimes, it may be possible that management is not doing things in the right manner due to the situation. Successful managers should account for these specific situations.
8. Management is a Team Effort
An individual’s efforts are harmonised with the team’s efforts. A single individual cannot manage the management function alone. All the managerial activities like the setting of goals, the formation of plans and policies, implementation, and follow-up are the coordinated effort of a group of people who envision an organisation’s future.
9. Management is an Administrative Function
The administration and management of the activities of people to accomplish predetermined objectives are concerned with the management. Management is also known as an approach through which a human group’s goals are set, defined and achieved.
Functions of a Management Process
At the basic level, management is a regimen that comprises five standard functions, namely, planning, organising, staffing, leading, and controlling. These functions are part of a body of practices and theories that educate on becoming an efficient manager.
The functions of the management process help managers focus their efforts to ensure beneficial results. Let us take a look at the five conventional functions of the management process.
Planning in management is a process of choosing apt goals and actions to pursue, and then determining what strategies to use, what steps to take, and what resources are needed to achieve the goals.
This process of defining working relationships allows workers to synergise their efforts to achieve common organisational objectives.
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This function involves stating a vision, influencing, persuading, motivating and inspiring employees.
Enlisting and recruiting employees for positions within the various teams and departments in an organised manner.
Evaluate the achievement of goals, improvement in performance and the ability to take action. Put processes in place to help you establish standards, so you can measure, compare, and make decisions.
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Management is an unseen force that reflects the collective efforts of people. An efficient and effective management process aligns individual interests with the organisation’s goals and objectives as a whole. The success of organisations such as Reliance, Tata, Birla, etc., is not a matter of luck or chance, but a result of following a deliberate process called Management.
Various management courses across multiple functions such as finance, human resources, product management, marketing, information technology, and more are at the disposal of individuals with a burning desire to succeed in the management function. Please tune in to upGrad to find out more about the various management courses we have on offer.
On the other hand, if you’re interested in learning more about management and want to enter this field as a professional, check out the management course.
Our other programs – PG Programme in Management
Q1. Why study management?
Management is a fundamental part of any business or organization. No matter the industry or the size of the setup or organization, nothing can function productively or smoothly without proper management. Management is a versatile field that deals with understanding the various complexities of organizational behavior and how to become a true leader by leading a business towards profits and helping it flourish. Studying management helps develop the skills and knowledge needed to effectively lead individuals, teams and companies and successfully negotiate profitable deals. Not to mention, management studies are the gateway to exceptional earning standards, which indicates the value of able managers.
Q2. Do you need to study business management to become an entrepreneur?
It is not mandatory for you to study business management to become an entrepreneur. However, studying business management can offer several advantages to help you prosper in your entrepreneurship journey. Apart from being passionate about what you do, there are certain essential skills and traits that studying management can impart to you. Starting from learning different ways to run a business, developing critical decision-making abilities and expanding your professional network to financial management, sharpening leadership skills and developing a keen sense of administrative skills and business acumen – a business management course can help you gain both practical and theoretical knowledge.
Q3. Can a manager become an entrepreneur?
One of the key skills of a successful entrepreneur is adapting rapidly to changes and embracing new ideas and opportunities. If you are a successful manager, you must already be able to grasp new concepts and implement innovative ideas quickly. A successful manager is one who can effectively manage extensive business operations and people; they possess sharp business acumen. And to become an entrepreneur, you will need many of the skills you have acquired or sharpened as a manager. A manager’s core competency closely relates to that of an entrepreneur; only you need to be more resourceful and innovative. So yes, good managers often make successful entrepreneurs.
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