Fundamentals of management

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2018-11-18 20:00:36

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The Main task of the Manager is to increase returns on invested effort and money. It does not matter what field of work this task is.

Experts determine the following theoretical foundations of management:

  1. Monitoring.
  2. Management.
  3. Organization.
  4. Planning.

Management is considered an art and a science at the same time. The art is reflected in the objective – to make the Manager work was more effective than without it. The scientific part of management is a methods to achieve this goal.

The Work begins with planning. Without this framework, management is almost impossible to succeed in any endeavor. If accidental success still held a negative aspects. They consist in the impossibility to conduct a reverse analysis to identify what exactly triggered the success.

Planning starts with the formulation of the final goals of the work. The next step will be marking the best way to achieve it. When planning it is important to consider the potential and real availability of resources (which can be obtained in the next period and what is available now). In addition, the importance given to the human factor. When the goal should be to choose the most efficient way. Often this is through outsourcing (hiring a third party professional), which allows to save working time of employees.

When planning necessarily worked out all the possible scenarios of upcoming events. After comparing all the schemes you choose, the most appropriate and easily implemented.

As the following principles of management of the organization. Just before start scheduled process, you must make sure once more that prepared for the implementation of all the necessary. If the work will involve a certain person, you need to check whether they are ready to run scheduled tasks. The Manager should check everything personally. This is a necessary condition for the successful implementation of the plan.

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The Next component is the management. The essence of the principles of management in regulation. Each participant takes his position and performs a specific task, and the Manager as conductor managing the process.

Principles of management include an element of monitoring. Despite the fact that the process has started, the need for constant control over it. The Manager must be sure that all the processes are going as planned. If you encounter any difficulties, it affects work, solving problems.

In addition to the above concepts of management, there is the concept of "financial management". The tasks in this sector is somewhat broader. Isolated and a few other basics of financial management. These include:

  1. Regulatory, legal and governmental regulation of enterprise activities in the financial sector. This, in particular, the tax authority in the form established rates, terms of payment and other things.
  2. The Use of the market mechanism in the settlement of the financial activities of the organization. The essence of this framework is the demand, supply and the price level in the liquidity of the stock and monetary instruments, loans.
  3. Internal financial management of the enterprise. The regulation is subject to the statutes, regulations, requirements, targets.
  4. Information support based on management and financial accounting, statistical and operational reporting services.
  5. Used in the analysis, control and financial planning, business management methods.
  6. A System of financial levers. Under the levers you know, the interest rates for deposits and credits, tax rates, depreciation rules.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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