Management Improving Tools Research Paper Example | Topics and Well Written Essays - 2250 words

Management Improving Tools - Research Paper Example In order to effectively study the various management improving tools, it is important to understand the nature of managerial work. The primary function of managers in for profit organizations is to satisfy the various stakeholders in the organization including the shareholders and investors. This mainly involves helping the company make profits, creating rewarding employment opportunities, and producing valuable goods and services at reasonable costs. Management responsibilities in non profit management mainly involve maintaining the faith of various donors. Managers of an organization are appointed by a board of directors, which is given the authority by the shareholders. The managers then become responsible for hiring other employees to work along with them to help the company met its objectives. In the public sector, the electorate elects political leaders who then appoint managers to be in charge of government offices. The basic functions of management include decisional, informa tional and interpersonal roles. Decisional roles involve making decisions on various issues to move the organization forward towards achieving its goals. Informational roles of management involve sharing, handling and analyzing available information for the benefit of the organization. Interpersonal responsibilities of management on the other hand involve coordinating and interacting with employees, clients, partners, shareholders and other stakeholders in the organization in order to mobilize resources that will help the organization accomplish its goals... In order to effectively study the various management improving tools, it is important to understand the nature of managerial work. The primary function of managers in for profit organizations is to satisfy the various stakeholders in the organization including the shareholders and investors (Mejia, David & Robert, 2013). This mainly involves helping the company make profits, creating rewarding employment opportunities, and producing valuable goods and services at reasonable costs. Management responsibilities in non profit management mainly involve maintaining the faith of various donors. Managers of an organization are appointed by a board of directors, which is given the authority by the shareholders (Joseph. Juran & Blanton 1999). The managers then become responsible for hiring other employees to work along with them to help the company met its objectives. In the public sector, the electorate elects political leaders who then appoint managers to be in charge of government offices. The basic functions of management include decisional, informational and interpersonal roles. Decisional roles involve making decisions on various issues to move the organization forward towards achieving its goals (Thomas & Paul, 2003). Informational roles of management involve sharing, handling and analyzing available information for the benefit of the organization. Interpersonal responsibilities of management on the other hand involve coordinating and interacting with employees, clients, partners, shareholders and other stakeholders in the organization in order to mobilize resources that will help the organization accomplish its goals (Thomas & Paul, 2003). A successful management team must portray a wide range