Importance of Management in Business Growth in the Workplace – Outline Example
The paper "Importance of Management in Business Growth in the Workplace" is a wonderful example of an outline on management.
Relevant business growth in the workplace reveals the importance of management, and this is what defines any business. There are several benefits derived from managing a business. Firstly and most important is that it allows the management to identify any arising problem in the organization. Through management, there is departmental interdependency (Malhotra, 2000). The interdependency facilitates proper and efficient communication in the organization. A problem in one department may affect other departments since they are interdependent and therefore management can identify the problem in its young or developing stage (Burrow, Kleindl, and Everard, 2008).
Secondly, it equips the manager with the know-how of strengths and weaknesses of the organization. Since the management allows interaction with all departments in the organization, knowing the strengths and weaknesses of the organization is easier. Knowledge of the strengths of the organization helps in the maximization of opportunities arising hence enabling the growth of the business (Knutson, 2001). Since the management is aware of its weaknesses, it is easier to identify threats to the organization. Knowledge of threats to the organization helps management in developing ideas and plans against the threats, which allows for business growth and an increase in its competitiveness (Graham, Kaye and Rothstein, 2006).
It also helps in learning of behaviors and performance of different individuals, which is important for the growth of the business. When managing a business, it is easier to control employees and learn them. The above is possible through conducting performance appraisals. The process allows management to discover working capabilities of different individuals’ thereby increasing organizations efficiency (Industrial systems research, 1996).
In conclusion, it is evident that managing a business greatly contributes to growth in the workplace. Apart from increasing efficiency and competitiveness of the organization, management of a business also helps in communication effectiveness. The interrelationship between management and employees has been enhanced because of its imperative for the growth of the organization (Jeston and Nelis, 2006).