In any organisation, a variety of functions are carried out in order to do business. In larger organisations we have different types of managers who are responsible for different areas. For example you may have an Human Resources manager who is responsible for planning, organizing, activation and control specific to the companies manpower needs.
Managers have the responsibility to take actions that make it possible for people to do their best and achieve group goals. Individuals usually have their own personal goals they pursue while working in a group. Managers must take note of these individual goals and lead the team in such a way that individuals can meet their own personal goals. That way, individuals will be more willing and enthusiastic to contribute towards the achievement of group goals.
Writers differ slightly on the functions and activities of management.
From the earliest recorded history, people joined forces to achieve common goals, especially when they could accomplish together what they couldn’t accomplish by themselves. To get people with different personalities and skills to work together, there must coordination of their activities. This was management in it’s simplest form. As communities developed and groups became larger, the role of coordinator became more important and more complex.
My retired father wrote a training manual for managers many years ago. He worked in HR for most of his adult life. The company he wrote the manual for no longer exists and my dad gave me permission to use his manual in my posts. I had to translate, break down and make it less formal so that it is suitable for a blog. I hope the essence is still the same.
Traits are important. It drives behavior and affect perceptions. But which traits contribute to effective leadership?
What causes some managers to be effective and others to derail even though it looked like they have lots of potential? There are some common traits that could be associated with derailed managers
A good understanding of the laws of supply and demand and market equilibrium is very empowering. It helps us predict what prices will do which also affect decisions like where to invest our money, what skills to learn and when to buy things.
We often hear our economy is not growing fast enough. Basically this means that the total output of the economy must increase at a greater pace… meaning we must produce more. If the total output grows faster than the population, the standard of living will increase and we will be better off.