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why Study Management

You may be wondering why you need to study management. If you are an
accounting major, a marketing major, or an major other than management, you may
not understand how studying management may help you in your career. We can
explain the value of studying management by looking at the universality of the
management, the reality of work, and the rewards and challenges of being a
manager.
The Universality of Management:
Just how universal is the need of management in organizations? We can say
with certainty that management is needed in all types and sizes of
organizations, at all organizational levels and in all organizational work
areas, and in all organizations, no matter what country they are located in.
This is known as the universality of management. Managers in all these settings
will plan, organize, lead, and control. However this is not to say that
management is done the same way. The differences in what a supervisor in a
software applications testing facility at Microsoft does versus what the CEO of
Microsoft does are a matter of degree and emphasis, not of function. Because
both are managers, both will plan, organize, lead, and control, but how they do
so will differ.
Since management is universally needed in all organizations, we have a vested
interest in improving the way organizations are managed. Why? we interact with
organizations every single day of our lives. Does it frustrate you when you have
to spend three hours in department of motor vehicles office to get your driver's
license renewed? Are you irritated when non of the sales persons in a department
store seems interested to help you? Do you get annoyed when you call an airline
three times and their sales representatives quote you three different prices for
the same trip? Theses are all examples of problems created by poor management.
Organizations that are well managed develop a loyal customer base, grow, and
prosper. Those that are poorly managed find themselves with a declining customer
base and reduced revenues. By studying management, you shall be able to
recognize poor management and work to get it corrected. In addition, you shall
be able to recognize good management and encourage it, whether it is in an
organization with which you are simply interacting or whether it is in an
organization in which you are employed.
The Reality of Work:
Another reason for studying management is the reality that for most of you,
once you graduate from college and being you career, you will either manage or
be managed. For those who plan on management careers, an understanding of the
management process forms the foundation upon which to build your management
skills. For those of you who don't see your self in a management position, you
are still likely to have work with managers. Assuming that you will have to work
for a living and recognizing that you are very likely to work in an
organization, you shall probably have some managerial responsibilities even if
you are not a manager. Our experience tells us that you can gain a great deal of
insight into the way your boss behaves and the internal workings of
organizations by studying management. Our point is that you don't have to aspire
to be a manager to gain something valuable from a course in management.
Rewards and Challenges of Being a Manger:
We cannot leave our discussion of the value of studying management without
looking at the rewards and challenges of being a manager. What does it mean to
be a manager? Being a manager in today's dynamic work place provides many
challenge. It can be a tough and often thankless job. You may have to deal with
a variety of personalities and many times have to make do with limited
resources. It can be a challenge to motivate works in the face of uncertainty
and chaos. And managers may find it difficult to effectively blend the
knowledge, skills, ambitions, and experience of a divers group of employees.
Finally, as a manager, you are not in full control of your destiny. Your success
typically is dependant upon others, work performance.
Despite these challenges, being a manager can be very rewarding. You are
responsible for creating a work environment in which organizational members can
do their work to the best of their ability and help the organization achieve its
goals. In addition, as a manager, you often have the opportunity to think
creatively and use your imagination. You help gather find meaning and
fulfillment in their work. You get to support, coach, and nurture others and
help them make good decisions. You shall get to meet and work with a variety of
people-both inside and outside the organizations. Other rewards of being a
manger may include receiving recognition and status in the organization and in
the community. Playing a role in influencing organizational out comes, and
receiving attractive compensation in the form of salaries, bonus, and stock
options. Finally, organizations need good managers. Nothing greater ever happens
by it self! its through the combined efforts of motivated and passionate people
that organizations accomplish their goals. As a manager, you can get
satisfaction from knowing that your efforts, skills and abilities are needed.
Author of this article also writes articles about
cost and management accounting.