Management of an Organization and Management Techniques...

Management of an Organization and Management Techniques Management of an organization is not a simple activity. On the contrary it is quite complex. Both internal and external factors affect the organizational functioning. Further there are several areas and elements which are required to be managed. Sometimes functioning of an area may appear to be in conflict with the functioning of other area. Smooth functioning of the organization depends on how the management of these different areas and elements are conducted. There are specific management techniques for each area and element. There are other techniques which may encompass entire organization. If these techniques are followed, it aids the proper and healthy functioning of the organization. Management of an organization (Fig 1) can be broadly divided into two areas. These areas of management are (i) management of organizational internal elements which have impact on the organizational functioning, and (ii) management of organizational functions where the organization comes in contact with external agencies. Internal organizational elements for management normally include (i) operational management which is the key to the existence of the organization, (ii) financial management for making the organization healthy financially, (iii) human resource management which deals with the management and development of the employees, (iv) management of organizational future which takes care for the future of the organization in the context of fast changing environment, and (v) management of safety, security and welfare which takes care of the employees’ safety, protection of the organizational properties and the external needs of the employees. Organizational functions involving external agencies are (i) sales and purchase functions involving customers and suppliers, (ii) complying with regulations and laws where the organization comes in touch with regulatory authorities and government, (iii) societal functions where the organization comes in touch with society,...