What do managers do? How important is managerial leadership for the running of effective organizations?

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Name: Xiaochao Peng (BA. IBFE. 1st year)

Tutorial Group: 18 (Monday, 13.00-14.00)

Topic: What do managers do? How important is managerial leadership for the running of effective organizations? (non-assessed)

A manager is a person who plans, organizes, directs, and controls the allocation of human, material, financial, and information resources in pursuit of the organization's goals. The many different types of managers include department managers, product managers, account managers, plant managers, division managers, district managers, and task force managers. What they all have in common is responsibility for the efforts of a group of people who share a goal and access to resources that the group can use in pursuing its goal. An important responsibility of managers such as Laing is to ensure that their groups understand their goals and how achieving their goals is related to the success of their organizations. Saatchi & Saatchi's primary goal is to "make clients' brands famous." While achieving that goal, the company also has the goal of making its own name famous. It achieves these goals by producing excellent advertising for its current clients and by attracting new accounts (Brodin, 1997). The purpose of this essay is to talk about what the managers do, and how important is managerial leadership for the running effective organizations.

Now let us consider systematically what managers do - the functions they perform and the specific tasks included in these functions. The successful managers capably performs four basic managerial functions: planning, organization, leading, and controlling.

Planning

In general, planning involves defining organizational goals and proposing ways to reach them. Managers plan for three reasons:

(1) To establish an overall direction for the organization's future, such as increased profit, expanded market share, and social responsibility;
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(2) To identify and commit the organization's resources to achieving its goals;

(3) To decide which tasks must be done to reach those goals.

Organizing

After managers have prepared plans, they must translate those relatively abstract ideas into reality. Organizing is the process of creating a structure of relationships that will enable employees to carry out management's plans and meet organizational goals. By organizing effectively, managers can better coordinate human, material, and information resources. An organization's success depends largely on management's ability to utilize those resources efficiently and effectively.

Leading

After management ...

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