Are you pursuing Management Studies in a UK university? One of your important subjects is “Fundamentals of Management” and you will also have to prepare assignments on the same. For a few useful points on UK business management that will help you in writing your essay well, read on.
A deep and thorough understanding of Fundamentals of Management is very essential as it is one of the basic and elementary yet one of the most important foundations of business studies. Whist you understand the role and importance of management, you will also analyse the major management tools and processes as they would give you a whole-some view of an organisation and its business environment.
As a graduate student, this knowledge would not only enable you to comprehend the role of managers of various levels in an organisation, but also assist you in your career by enabling you to become self-managed and proactive in managing your roles and responsibilities from a broader perspective rather than thinking of oneself from an individualistic manner.
This topic is in fact very wide and can be studied on a much more practical aspect than as pure subject content. Effective and efficient manner of administration with the purpose of achieving the long-term vision as well as short-term goals would be an ideal way of management. One if the basic fundamental of business management is also to do the right thing at the right place at the right time. That enables the manager to manage his business resources in such a way that it is able to return the expected output.
Management is not just an internal task. There are different functional areas of management that include dealing with external factors that can directly or indirectly affect the operations or future of the business. Finding an optimal balance between centralisation and decentralisation of authority based on several factors like size of the organisation, the level of skill and experience of the staff is yet another challenge in management.
Some more points about Fundamentals of Management that should be included in writing an assignment or essay, that will help you score well, especially if you are studying in a UK university, are mentioned below.
One of the major fundamentals of management is involves human resource management where one needs to motivate, enthuse and reward the employees or subordinates in a just and timely manner so as to cultivate team-spirit and ownership and belonging to the greatest possible extent. In this process, the manager may also have to resolve conflicts and clashes in his team so as to maintain harmony and avoid any discord whether it be internal or external. It is also very important to provide freedom to the subordinates to explore and innovate in their area of work, which induces trust and bonding to attain bigger challenges as a group. It is also important to enforce that the subordinates should also not be confused about their direction and tasks by being managed by multiple authorities.
This study also involves various steps and tools in planning, decision making, organising, staffing, controlling and budgeting. Associating the complex environments of contemporary business models is inevitable in a competitive business education.
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