Actually, management hails
from magnum agree, a Latin phrase meaning ‘guiding with hands’ (Waite &
Hawker, 2009). It has been argued by Malik (2007) that management is more than
just guiding. An organization's management has to be about communication and
must include and evaluate the skills and talents of an individual in the
development.
Assets are represented by
workers to the company. Experience and knowledge of each and every person can
be utilized for improving the whole firm (Malik, 2007). In a company, managers
handle structural requirements while determining important indicators of key
performance, instructions, and clear targets. Furthermore, they also recognize
the significance of coordinating and motivating workers and must evade the
consistency of failures.
It can be said that it is not
possible to reduce management to an individual aspect like guiding business
administration of employees. In practice and denotation, management is diverse
and dynamic (Malik, 2007; T. Mayer et al., 2008). That is why, management
attempts not to be experts, but still having skills in different sectors.
Effective managers tend to have an understanding and knowledge of various
operations, for instance, the development and design of innovative social
systems. For maintaining a successful working relationship with experts, it is
significant for managers to have working information or knowledge of the
expertise of a person (Malik, 2007).
At present, successful
managers are supposed to exhibit project expertise, method competence, social
competence, and resilient personality. An organization is shaped by the manager
and communication’s guidelines are provided by him (T. Mayer et al., 2008).
Management was illustrated by Malik in St. Gallen and it can be analyzed that
his recommendations for the competencies of management related closely to the
ones given by Mayer. The internal processes and objectives of management
involve the definition of targets, selection of instruments and measures,
sustaining the structure with knowledge, guidance, and responsibility; and
maintaining the structure with consistency and processes. These virtues,
externally, are influenced and surrounded by the organizational environment,
its governance, and its culture (Malik, 2007). Lists which are given by Malik
and Mayer are not only similar but are used best in coordination since the
basic knowledge is not mentioned by Malik and strategic aspect along with
external influential factors are omitted by Mayer.
Management, in a company,
shapes and affects the culture or internal atmosphere, and the external
environment's governance. In addition, alternative or substitute management is
influenced by its atmosphere both internally and externally by the workers. In
St. Gallen of Malik (2007), communication and management among employees are
necessary for avoiding misunderstandings and improving the work of the whole
team (Malik, 2007).