Question

Nowadays, there are some management principles that implemented by manager, which had been changed from the traditional approach to the new competencies. Theory mentions it as “State-of-the-Art Management Competencies”. Please mention those FIVE management principles, and describe the detail changing from traditional approach to new competencies (using example from business/management real experience or any sources).

Answer 1

Principles of management

1. Functions of management.

While managers often view their work as task or supervisory in orientation, this view is an illusion.

At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.

Planning: When you think of planning in a management role, think about it as the process of choosing appropriate goals and actions to pursue and then determining what strategies to use, what actions to take, and deciding what resources are needed to achieve the goals.

Organizing: This process of establishing worker relationships allows workers to work together to achieve their organizational goals.

Leading: This function involves articulating a vision, energizing employees, inspiring and motivating people using vision, influence, persuasion, and effective communication skills.

Staffing: Recruiting and selecting employees for positions within the company (within teams and departments).

Controlling: Evaluate how well you are achieving your goals, improving performance, taking actions. Put processes in place to help you establish standards, so you can measure, compare, and make decisions.

2. The types and Roles of Managers within the Organization

Organizational structure is important in driving the business forward and every organization has a structure. No matter the organizationally specific title, organizations contain front-line, middle, and top managers.

3. Effective management of organizational resources.

An essential component of operationalizing the organization’s strategic plan is allocating resources where they will make the most impact.

4. Understanding and Applying the Four Dimensions of Emotional Intelligence (EQ) in Maximizing Human Potential

Effective managers understand the context and culture in leadership situations. What helps these managers succeed? It is simple; they understand EQ (the competencies in each dimension of emotional intelligence).

5. Know the business

A common axiom in management is that a qualified manager can manage any business. This point is only partially true. It is true that most managers are generalists rather than specialists; however, many very successful managers began their careers in specialist roles. What most successful managers bring to their work in leading crews, departments, divisions, and companies is both a solid knowledge of the business (they are very experienced) and a solid knowledge of the principles of great management.