Management Formulated
There is a large number of management types, like sales management, operational management, human resources management, etc, etc.
So there are also many different areas for managers to operate and specialize in.
Management is a very broad domain, which has drawn attention from the academic world to the successful entrepreneurs who have written about it.
In fact there is so much written about it, that you would almost forget the basics with which each manager has to deal with.
And these basics have been formulated.
First of all Management is about productivity.
Put five people in a team and have them work together.
What is the first question they need to ask themselves? What are we going to do! The first question defines much of the success of the team.
If there is no common goal, there is no teamwork.
But even without a team, an autonomous entrepreneur needs to ask the same question.
This is what Productivity starts with: What.
In broader terms the question of what are we going to do can be summarized as being "the business.
" This may not apply for governmental institutions, but even regulation can be seen as "business.
" In order to formulate management, one should always start there: with the business.
An organization is useless if there is business to conduct...
Once there is a business (plan) the next step is organization.
The second question in managing a business is about the way to organize it.
How do we do it? Or for the manager; how am I to manage this business? This second part of the equation is about style.
Each manages has its own and unique style to organize activities.
It can be seen as the approach to handle priorities and to delegate activities.
"It is the way you do it.
" The management formula appears when putting these two together: M = P x S The advantage of such a simple formula is that you will never forget it.
When you are in a meeting and you have to decide on a subject, just think about the formula and check:
That is one of the unique features of this formula; it can be tailored to your personal situation.
If you would like to know more about this formula: have a look at our site and setup your own personal management formula.
H.
J.
B.
So there are also many different areas for managers to operate and specialize in.
Management is a very broad domain, which has drawn attention from the academic world to the successful entrepreneurs who have written about it.
In fact there is so much written about it, that you would almost forget the basics with which each manager has to deal with.
And these basics have been formulated.
First of all Management is about productivity.
Put five people in a team and have them work together.
What is the first question they need to ask themselves? What are we going to do! The first question defines much of the success of the team.
If there is no common goal, there is no teamwork.
But even without a team, an autonomous entrepreneur needs to ask the same question.
This is what Productivity starts with: What.
In broader terms the question of what are we going to do can be summarized as being "the business.
" This may not apply for governmental institutions, but even regulation can be seen as "business.
" In order to formulate management, one should always start there: with the business.
An organization is useless if there is business to conduct...
Once there is a business (plan) the next step is organization.
The second question in managing a business is about the way to organize it.
How do we do it? Or for the manager; how am I to manage this business? This second part of the equation is about style.
Each manages has its own and unique style to organize activities.
It can be seen as the approach to handle priorities and to delegate activities.
"It is the way you do it.
" The management formula appears when putting these two together: M = P x S The advantage of such a simple formula is that you will never forget it.
When you are in a meeting and you have to decide on a subject, just think about the formula and check:
- - what is that I (we the organization need) and...
- - how are we going to do it.
That is one of the unique features of this formula; it can be tailored to your personal situation.
If you would like to know more about this formula: have a look at our site and setup your own personal management formula.
H.
J.
B.
