Management Research Paper Example | Topics and Well Written Essays - 1000 words

caution - Research Paper ExampleProper prudence is outstanding to the success of whatever commercial enterprise or organization. However, if management is poor, it may end up having more disadvantages than advantages for a business or organization. This paper get out discuss the request for management, highlighting its pros and cons. The need for management The need for proper management in any organization or business can never be underestimated. Businesses are ongoing activities that cannot operate on their own. Just as a car needs a good driver to steer it to its destination, or a ship needs a sailor to point it to its destination, so does a business or organization requires a good manager(s) to lead it to success (Griffin, 2010). It is important to note that management can either aid or deter the success of a business or organization. With proper management, a business or organization will have set goals and objectives that it aims to reach out, and it will most likely succeed at achieving them. On the other hand, without proper management, businesses and organizations are likely to belong since improper management is worse than no management at all (Kochan & Schmalensee, 2003). Therefore, management has its pros and cons in any business or organization. Pros of management Proper management usually has very many advantages for businesses and organizations. Management helps organizations and businesses to achieve group goals. Through management, the factors of production can be arranged together, and resources can be organized and assembled (Kochan & Schmalensee, 2003). Management can then integrate the factors of production and the available resources in an effective manner that will assistance in the achievement of goals. Management can direct all group efforts and resources towards goal attainment. Management is as well as responsible for defining organizational objectives, thus minimizing the waste of effort, money and time (Plunkett, Attner , & Allen, 2007). Management also ensures that there is optimum and proper utilization of organization resources. This is by making productive function of all human and physical resources that are available. This promotes efficacy within an organization or business. Management selects the scoop up possible use of scarce resources, thereby ensuring optimum utilization. The need for management is also important because an organizations management makes use of the services, knowledge and skills of professionals and experts in achieving organizational goals (Kochan & Schmalensee, 2003). Therefore, if management ensures that both physical and human resources are producing their uttermost results, then management is totally obligatory in any organization or business. Management is necessary in a business or organization because it is responsible for reducing costs. Management should ensure that maximal results are achieved through minimum input. This can only be possible if managem ent carries out its effect functions. The core management functions include planning, staffing, coordinating, organizing, leading, directing and controlling (Daft & Marcic, 2010). When planning, management is responsible for setting objectives and deciding the best possible courses of actions that can be taken to achieve the predetermined objectives. In the staffing function, management is