Management – Culture and society – Economy and Finance

We explain what management is and what management instruments are. Also, managers and leaders as a process.

What is management?

The word management comes from the Latin gestĭo and refersdministration of resources, whether within a state or private institution. To achieve the object’s objectives, one or more individuals direct the work projects of other people to improve the results which otherwise could not be obtained.

Management instruments

The management uses various instruments to be able to function; the first ones refer to the control and improvement of the processes. The files; will be in charge of conserving data and, finally, the instruments to secure data and make sound decisions.

In any case, it is essential to know that these tools vary over the years; they are not static, especially those that refer to the computing world. That is why managers must change the instruments they use often.

One of the techniques used in management is the fragmentation of institutions. This means that an attempt is made to different sectors or departments. The instruments above will be applied within each industry to manage them separately and coordinate them with the rest.

Who are the Managers?

The people who commit to organizing and directing the institutions are usually called managers. They are responsible for the profitability and success of the organizations they work for.

Many of the people who reach these positions do so through the career they have done throughout their lives, occupying various places in the institution where they work. Good managers are considered to possess specific common chsharedristics.

Some of them are the recognrecognizinglent performance of their peers or subordinates and, in turn, the perfect criticism they can make. They are ideal for supporting and helping the rest of the staff when required, training and guiding them clearly, with precise objectives. They usually generate sincere communication and stimulate trust between the individuals with whom they work. Good managers often choose personally what they will work closely with. He also tries to earn the respect of the staff he works with.

Management as a process: The stages

Some consider that management is a process in which certain stages can be recognized:

The first one is planning. At this stage, the short and long-term objectives and how they will be achieved will be set. It is from this organization that the rest of the steps will be determined.
Then the organization can be mentioned. At this time, the managers determine the procedure to achieve the above objectives. For this, the disposition of work relations and who will lead them are created. In other words, the structure that will organize the institution is made.
The third stage is that of leading. In this case, it is intended that the personnel have direction and motivation in such a way that it is possible to achieve the objectives.
Lastly, control should be mentioned. In this case, the manager or managers examine whether the planning is respected and the objectives are met. To do this, they must be able to make specific corrections and directions if the rules are not followed.

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