Role of Vigilance in Management...

Role of Vigilance in Management Vigilance is a tool of management. It is primarily a responsibility of the management. An organization has both external threats and internal dangers. The organization protects from external threats through creating security and posting manpower to guard against such threats. The role of vigilance is to protect the organization from internal dangers which are more serious than external threats. Vigilance in any organization is an integral function like any other function of management, such as finance, personnel, operation, marketing, material, and contracts etc. If the vigilance set up is effective in an organization, it will certainly ensure the functioning of the other segment like finance, personnel, operation, and marketing etc. in an efficient way.  It has therefore to be given a rightful place in the management. Vigilance is defined as watchfulness, alertness, and caution. The word vigilance tells managers to be on vigil, to be vigilant, to be alert, and to have vigilance of organization’s image and reputation as well as to have vigilance of the organization’s assets. Vigilance is an essentially a management function aimed at ensuring above board and orderly conduct of affairs by the employees of the organization. The primary objective of vigilance is to protect the honest and punish the corrupt. Vigilance with well planned strategy to deal effectively with the cases of unfair practice is an integral part of administration. Vigilance is required to detect the irregularities before it is carried out, analyze and find out the reasons of such irregularities or to take effective measures to curb the same so that the irregularities are prevented and to take corrective action as per laid down procedure against the defaulter and award of punishment if the guilt is established. The effectiveness of vigilance to carry...