Brighter Way

Ahh..So much busy schedule. Sorry friends, I was not able to update my blog. Anyways, I am come back with social responsibility of managers topics. We always think ONLY business related things when the “manager” word comes. I guess manager is also social person so they should enjoy social life as well.

According to Kenneth Andrews, Social responsibility is the objective and intellectual concern for the welfare of society that contains individual and corporate behavior from ultimately destructive activities, no matter how instantly profitable, and leads in the direction of positive contribution to human betterment, variously as the letter may be defined.

Social responsibility is the duty of an organization to take measures to protect the welfare of society, along with its own interests. Beyond making profits, organizations should have social responsibility towards stakeholders. Organizations should examine the effects of their decisions on social stakeholders and try to reduce the negative impact of their activities.

Well, it’s the sort introduction about manager’s social responsibility.

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We have already discussed about functions of management later. I would like to share few approaches of business management with you.

I study on the McKinsey’s 7-S framework, basically this management model describes how to effectively manage a company. According to this model, there are 7 factors that decide company’s operations.

Shared value – It’s the interconnecting centre of the model. It states the purpose of the organization’s reality.
Strategy – Refers to planning for allocation of firm’s fright resources.
Structure – The way of organization’s units relate to one another.
System – It gives an understanding of how procedures, processes, routines are performed.
Staff – no. of employee working in organization.
Style – Cultural styles in the organization and what managers do to achieve goals.
Skill – Refers to the capabilities of different personnel in the organization.

Other approaches:

• Empirical approach
• Interpersonal behavior approach
• Group behavior approach
• Decision theory approach
• Contingency approach
• Managerial roles approach

Hope you are enjoying with business management funda. Please stay with me for better tips and tricks for management and marketing.

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Actually I was busy with other works from last 2 days so I didn’t get chance to update business management funda. Anyways, let me start with another tips.

We can define the organizational structures only if its big organization. There are various positions in organizational hierarchy. Basically, there are main 3 types of management level.

1.) Top-level Managers: They are responsible for the major activities of the company. They establish plans and goals for the company. “Chief executive officer”, “Chairman”, “President”, “Vice-President”, “Directors” are include in top level managers.

2.) Middle Level Managers: They are directly conscientious for the managing the performance of first level managers. They are responsible for the operational efficiency of various departments in the company. They hold designations such as “Department Heads”, “Project Leaders”, “Plant Managers”, “Divisional Head” etc.

3.) First Level Managers: They are responsible to manage the performance of non-managerial employees. They have given different titles like “Foreman”, “Clerical Supervisor”, “Technical Supervisor” etc.

Well, those are the types of managements that big companies have decided and also follow it. Choose your managerial level and share your experience with me for this position and do you enjoy with the same position in your organization?

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Every successful business depends on their employee’s contribution. Yes, that’s true. Companies should have to invest in those employees who can grow company as well as in future. In this competitive world, it is very easy to find out resources but it’s really hard to find dedicated employees who can really help to grow business.

MD of Investment Capitals, Kanval Rakhi has invested with approx. 53 companies across the world. A part from this, he has also helped thousands of newbie people who wants to start their own business. Really, he is only investing in those companies which have good power not only money power but man power and confidence. If we think in favor of him, Face book is also nice example. Regarding the same, I remember a book “Globality” which is written by Hal L. Sirkin, Jim Hemerling and Arindam Bhattacharya. As per this book, all the successful business man said that they have invested in their employees in stead of company.

In the same book, Azim Premji (MD of Wipro) has also presented their thoughts. In the 1960, he had been said to Pratik Kumar (HR department Head) to prepare best actions to find out dedicated employees. As per his thoughts, company has prepared few criteria for appoint particular position and started to find out best resources as per criteria. Even company has also started to teaching personality and professionalism to their employees.

As per this book, I believe that every business should have good culture which realize employee that they are on the right place. I am sure if company applies good culture then employee can stay with company for long times as well as provide good services.

The management funda is that every organization can only grow if they have good resources which have good capability and efficiency.

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