Premium Essay

Principles of Management

In:

Submitted By rhinoram
Words 611
Pages 3
The Transactional Leadership theory which is also known as Managerial Leadership became famous in the early
1980s. This theory was concerned about a reward and punishment system in leadership whereby the leader has the power to manipulate the followers in exchange of something of value (Bass, 1990; Burns, 1978; Kuhnert &
Lewis, 1987; Yukl, 1989). It is based on bureaucratic authority and legitimacy within the organisation (Tracey
& Hinkin, 1994). However, the theory works best in several assumptions namely; the highly structural organisation, employees are motivated by rewards, high tendency for guidance and monitoring among the followers. In other words, transactional leaders negotiate to followers what objectives are required to be achieved by the company. They negotiate the conditions either by providing rewards for accomplishing the objectives or threats of punishment for poor performance e.g. cut the bonus and suspension of promotion
(Moore & Rudd, 2006; Bass, 1990).
Further investigation on Transactional Leadership by Avolio & Bass (2004) described to consist of three factors namely; contingent reward leadership, management by exception (active) and management by exception
(passive) which is simplified in Figure 1. Contingent Reward Leadership is a constructive transaction whereby the leaders reward the employees based upon their success and employees punished if they failed to perform.
With the agreement made between the leader and employees to fulfil promises to reward the employees with promotions and incentives; it allows the transactional leaders to achieve the desired objective (Bass, 1990). This theory has been considered as quite controversial as it is more like an army command and has a degree of dictatorship in leadership. Management by exception (active) refers to the leaders who monitor followers’ performance and

Similar Documents

Premium Essay

Increasing Application of Scientific Management Principles

...Increasing application of Scientific Management principles 'The increasing application of Scientific Management principles of work organisations to services is, despite its limitations, inevitable and irreversible'. Discuss. I Introduction From the outset of this essay it is necessary to define the basic principles of Scientific Management in order for the statement to be fully understood and why if at all such a practice is 'inevitable' and indeed 'irreversible' within a service industry context. The underlying belief that scientific management, or rationalisation= , is able to provide the basis for separating management from the execution of work. 'The rationalisation of work has the effect of transferring functions of planning, allocation and co-ordination to managers, whilst reinforcing the managerial monopoly of decision-making, motivation and control'. Hales (1994). Taylor (1856-1915) has been referred to as the father of Scientific Management. He believed that management, not labour, was the cause of and potential solution to problems in the industry. Taylor concluded that workers systematically 'soldiered' because they believed that faster work would put them out of a job and because hourly or daily wages destroyed individual incentive. Taylor believed that in order to discourage, and indeed halt, this 'soldiering' a 'mental revolution' was required. He believed this could be achieved via four vital principles: (1) the development of the best work method,...

Words: 415 - Pages: 2

Premium Essay

Management Principles

...Management Principles Introduction Management is a vital role of the HR department that ensures that an organization has what it takes to accomplish its goals and objectives. It comprises interrelated social and technical functions and activities that pull people and other resources together in a formal organizational setting in the effort of facilitating the achievement of these goals. Management principles refer to some strategically developed guidelines and set timelines that are used to organize staff, maintain organizational structure, delegate authorities, and establish policies and procedures in the view of implementing the vision of any organization. Henry Fayol, a Frenchman and a coal-mining engineer, developed fourteen management principles that form the basis for today’s effective organizational management. Fayol’s management principles help managers to make crucial decisions towards the accomplishment of individual and organizational objectives. Apparently, management and leadership go hand in hand in the process of running an organization. On the other hand, Stauffacher describes leadership as an interpersonal role of an individual to influence and provide purpose, direction, motivation, and support of other people in the achievement of the mission. Leadership is the most essential element of the management process. However, it is knowledge, skills and experience that culminate into a leader’s effectiveness. Therefore, the objective of this paper is to discuss...

Words: 1515 - Pages: 7

Premium Essay

Principles of Management

...Since taking this Principles of Management course, it has taught me a lot of things which will help in furthering my professional career. In this paper I will detail the concepts, ideas and situations which had the greatest impact on me. Before taking this course, my definition of the concept of management would've been strictly based on power relationships within an organization, how to use power to achieve your goals and how to manipulate people. Although this definition might seem totalitarian, my background in Political Science supported my initial misconceptions of management. I am a business major and the questions most often asked in business courses deal with power within a structure and how this power is used, abused and expressed by those in control. Therefore, I came into the Principles of Management course with the notion that I was going to be learning about power. This notion was challenged as I learned that there are three different perspectives that are used to analyze an organization. There are three different perspectives used to view organizational behavior and processes: Strategic-Design, Political and Cultural. Initially, I was looking at the organization and the process of management from the political perspective. This perspective deals with the use of power and influence throughout the organization. However, I also had to learn about the strategic-design perspective, which dealt with the differentiation, efficiency, strategy, coordination and integration...

Words: 303 - Pages: 2

Premium Essay

Management Principles

...|| Submitted to: Mahbub BaharSubmitted by: Barbora Babjakova ID: 120140|Subject Name: Management Principles (C6BMO1)Unit of Competency: Provide Leadership across the Organisation (BSBMGT605B)| The mission · Increasing efficiency · Increasing profit and market share · Empowering retail managers · Promoting team work · Improving competitive position You should respond by adopting a new approach to strategy[->0] – one that combines speed[->1], openness, flexibility[->2], and forward-focused thinking[->3]. A company's Organizational Readiness[->4] may drive or inhibit its ability to act upon and implement new ideas[->5] and strategies, and to successfully manage operational, political, cultural[->6] and financial demands that will follow. a climate which encourages innovation and diligence amongst staff and rewards accordingly. Therefore: I. For Customers • providing the highest quality products at competitive prices • Fast, personal customer service • Clean and well maintained facilities II. For Employees • The best combination of compensation, job security, flexibility and support • An atmosphere that fosters teamwork and trust • promoting a leadership style based upon the principles of communication, recognition, consultation, participation, and accountability • The development of their job skills III. For Suppliers • Deal with them with integrity and fairness • Treat them as partners in our operations IV. For Investors • Performance standards and a fair...

Words: 1345 - Pages: 6

Premium Essay

Principles of Management

...Principles of management APPLIED RESEARCH (USMC 3RD MAR DIVISION) William Roeder Park University Internet Campus A course paper presented to the School for Arts and Sciences and Distance Learning In partial fulfillment of the requirements for the degree of Bachelors Computer Science Park University December, 2014 This paper or presentation is my own work. Any assistance I received in its preparation is acknowledged within the paper or presentation, in accordance with Park University academic honesty policies. If I used data, ideas, words, diagrams, pictures, or other information from any source, I have cited the sources fully and completely in a citation within the paper and also listed on the reference page. This includes sources which I have quoted or that I have paraphrased. Furthermore, I certify that this paper or presentation was prepared by me specifically for this class and has not been submitted, in whole or in part, to any other class in this University or elsewhere, or used for any purpose other than satisfying the requirements of this class, except that I am allowed to submit the paper or presentation to a professional publication, peer reviewed journal, or professional conference. This is not a draft, and is submitted for grading to satisfy in part the requirements for this course and the program(s) in which I am enrolled. In typing my name following the word 'Signature', I intend that this certification will have the same authority and authenticity...

Words: 4031 - Pages: 17

Premium Essay

Principles of Management

...Principles of Management Communication Karen Brown BUS600 Management Communications with Technology Tools Professor Brian Shaw April 7, 2014 Principles of Management Introduction Management refers to the process of taking control of the surrounding items or the people while management foundations are the building blocks that lead to a strong management venture. Being in a management position means that one is held responsible for all the happenings therefore they need to have expertise and a clear understanding of the principle that lead to a success in management (Baack, 2012). Management Principles Management principles are applied across the board to ensure a smooth running of organizations. All managers with the responsibility of running the daily operations of any company have a number of principles that guide them. These include the process of planning, organizing and directing as well as controlling the tasks in the respective organizations. Planning in management refers to the process of communicating as a manager to employees in prior to take a course of action. The whole process of planning occurs in about all sectors whether it is work related or on individual grounds. It so happens that some individuals may have plans that are more formal as compared to others but the bottom line is that they all have a schedule to guide them towards whatever goals they have set out to achieve (Shanks...

Words: 3016 - Pages: 13

Premium Essay

Management Principles

...MODELS OF HUMAN RESOURCE MANAGEMENT (HRM) UNIT 10 SHRM, SESSION 2 P R E PA R E D B Y: M S S H A B N A M Unit 10 SHRM, Prepared By: Ms. SHABNAM LEARNING OBJECTIVES By the end of this session students will be able to:  Understand the HRM system  Explore various models of HRM  To gain an understanding in relation to the application of the various HRM models within organisations Unit 10 SHRM, Prepared By: Ms. SHABNAM HRM SYSTEM HRM system operates through HR systems that bring together in a coherent way:  HR philosophies describing the overarching values and guiding principles adopted in managing people  HR strategies defining the direction in which HRM intends to go  HR policies which are the guidelines defining how these values, principles and the strategies should be applied and implemented in specific areas  HR processes consisting of the formal procedures and methods used to put HR strategic plans and policies into effect  HR practices comprising the informal approaches used in managing people  HR programmes which enable HR strategies, policies and practices to be implemented according to the plan Unit 10 SHRM, Prepared By: Ms. SHABNAM VARIOUS MODELS OF HRM  The Harvard Framework  Guest’s Model of HRM  Best Practice Model  Storey’s Hard and Soft HRM  Patterson’s Model of HRM  Best Fit/Contingency Model Unit 10 SHRM, Prepared By: Ms SHABNAM Theoretical Perspectives on HRM The HRM models:  Provide an analytical framework for studying HRM  Legitimate...

Words: 1344 - Pages: 6

Premium Essay

Principles of Management

...MGT301: Principles of Management 2012 The organization which I worked for and am going to focus on is the United States Army Reserve Component Transition Branch. This organization assists Active Duty Soldiers in weighing their options after their initial commitment. “Explore your options and incentives available in the Army National Guard or U. S. Army Reserve.” (USAR 2012) I will discuss how they use strategy to “sell” the United States Army Reserve (USAR). “Managers exist in every business. In fact, managers do the same types of tasks in all businesses. Whether a person manages a hair salon or a factory, the manager’s job consists of similar tasks. Planning, organizing, leading and controlling all serve an important part in achieving management’s vision. Each component is important and one cannot function well without the others.” (USA, 2012) Planning: “Planning enables managers to align resources (labor, input, technology) with company goals and objectives (output, profit). “ (Principles of Management 2012) The first component of managing is planning. A manager must determine what the organizations goals are and how to achieve those goals. Much of this information will come directly from the vision and mission statement for the company. Setting objectives for the goal and following up on the execution of the plan are two critical components of the planning function.” (Reserve, 2012) In the Reserve Component Transition Branch, planning is the essential part of the...

Words: 1146 - Pages: 5

Premium Essay

Principles of Management

...PRINCIPLES OF MANAGEMENT lecture notes Document Transcript • 1. UNIT I OVERVIEW OF MANAGEMENT Definition - Management - Role of managers - Evolution of Management thought - Organization and the environmental factors – Trends and Challenges of Management in Global Scenario. 1 • 2. Management - as how the mind controls the human body and its function similar management (mind) controls the various activities ( human body) in the Organisation - Collection of physical equipments, 4 M’s in Organisation – Men, Machine, Materials, Money, and leads to nothing. For efficient and profitable functioning it is necessary that all these factors are put to work in a co- ordinated manner. Management Definition Management is the art of getting things done through others. Harold Koontz Def as “ Management is the process of designing and maintaining an environment in which individuals, working together in groups efficiently to accomplish selected aims” • Managers carry out their managerial function • Applies to any kind of Organisation •Applies to managers at all Organisational levels •Aim is to create a surplus •Concerned with productivity, implies effectiveness and efficiency •Mgt of 4 M’s in the Orgn – Men, Machine, Materials & money Characteristics of Management • Mgt is Universal • Mgt is dynamic • Mgt is a group of managers • Mgt is Purposeful • Mgt is goal oriented • Mgt is integrative Function • Mgt is a Social process • Mgt is a Multi-faceted discipline • Mgt is a continuous process...

Words: 12503 - Pages: 51

Premium Essay

Principles of Management

...MANG 200: Principles of Management Final Assessment: Management Report Fall 2012 The Great Place to Work Institute, a global research and management consultancy that recognizes the best workplaces in over 45 countries worldwide, today released its inaugural list of ‘Top Companies to Work for in the UAE’. The official list is a ranking of the nation’s 10 best employers based on the confidential feedback from their staff and an independent culture audit of their HR practices by the Institute. The benchmarking study assesses what companies do on a daily basis to earn and sustain the trust and respect of their people. Two-thirds of a company's score is based on the results of the Institute's proprietary Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and workplace camaraderie. The other third of the scoring is based on the company's responses to the Institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring, communication, and diversity. UAE-based companies from a wide range of industry sectors participated in the program in 2010. In accordance with the practices of the Great Place to Work Institute, only those companies recognized for their exemplary employee management and engagement processes are recognized on the list of “Top Companies”. A total of 10...

Words: 1285 - Pages: 6

Premium Essay

Principles of Management

...Principle of management Exam:06044100 Part A 1. Increasing the diversity in the work place is a requirement to implementing an organization commitment to social responsibility. The main obstacle to implementing socially responsible policies are pressure by financial analysts, and stockholders who push for steady increases per share on a quaterly basis .Action that can be taken towards increase social responsibilities are corporate philanthropy, organization should seek to aid both government agencies and voluntary agencies. Organizations should also reevaluate their long range planning and decision making process so they fully understands the potential social consequences. 2. Departmentalization is grouping jobs into related work units. Departmentalization based on work can be describe by its function, example of this is the engineering manager. Departmentalization based on product is where all the activities needed to produce and market a product are under a single manager. This system allows employees to identify with a particular product and develope (esprit de corps) example of this is producing a chemical .Department based on geography is when an organization maintain physical isolated and independent operations or offices .Example of this is a unit in another city or state .Customer departmentalization is based on division by customer served, an example is having one department to handle retail customer and another to handle wholesale or industrial customers...

Words: 302 - Pages: 2

Premium Essay

Management Principles

...increase their public image. One of the ways that is adopted by many companies to become more socially is green management which is referred to using various policies to reduce much of environmental problems when the managers woke up to and concerned for the impact of their organization on the natural environment. The environmental problems of various pollutions, global warming, solid waste, ozone layer depletion and so on arise and endanger sustainability of economic along with the rapid development of industries. Therefore, the practices of green management are needed as soon as possible. Green management practices can not only be done by large organizations, but even for small organizations since it can increase the public image of the companies and thus will affect people’s perspectives and the investors’ behavior. In short-term, going green means that the management assists in saving the natural environment, however in long-term, the costs will be reduced and thus the profits can be increased as well as they will try to achieve green management through waste minimization, and improving energy efficiency. That will make a “win-win” complexion. By contrast, those companies that always cause pollutions would be criticized as companies of social irresponsibility, their public image will be damaged, even affect sales amount of their products. To study the green management practices, an internationally organization, Apple, is chosen. Apple is built by Steven Wozniak and Steven Jobs...

Words: 3884 - Pages: 16

Premium Essay

Principle of Management

...PRODUCTION AND OPERATION MANAGEMENT PART ONE 1. Inputs in to outputs 2. The first operation to the finished product 3. Demand that is controlled by the company 4. Complete Enterprise wide business solution 5. Computer aided design 6.Technological forecast 7. All of the above 8. Production planning and scheduling & control system 9. Functional layout 10. Work measurement PART TWO 1. Define job shop production? Job Shop Production: In this system, products are manufactured to meet the requirements of a specific order. Quality is not given too much importance and the manufacturing of a product takes place as per the specifications given by the customer. This system may be further classified into the following categories:  The Job produced only once: Here, a customer visits a firm and places their order. When the product is ready, the customer takes it and leaves. The customer may not visit the firm again to place an order for the same product. Such a firm will have little scope for pre-planning the production of a product. The norm will be that it will plan for the materials, manpower and the process to be followed only after it has received an order from a customer.  The job produced at irregular intervals: Here, a customer visits a firm to place orders for the same type of the product at irregular intervals. The firm will not have any idea of the customer's visits. Here as well, the planning for materials, manpower and the process to be followed will start...

Words: 8918 - Pages: 36

Premium Essay

Management Principles

...Management Principles: Management covers extensive topics which mostly educate us about the principles involved in ethics, leadership, staffing, culture and many other pertinent topics. I have gained the ground knowledge of representing myself as a leader especially when it comes to structure your staff and then controlling them. There are lot of principles to keep in mind when conducting a management in any company whether it is a small or big. Management in a company involves strategic planning (long- term planning) and short term planning (short term planning). There are sophisticated models and methods such as Gnatt Chart, critical path method and program evaluation and review technique to provide building block for site selection, facility layout and job design. Corporate companies explore their business around the globe therefore ethics and international part of this course explains us how to interact and be socially responsible towards the culture difference.  There has been discussion about motivation and performance appraisal. How a quality management motivates its employees which induct to a better output. One of the outstanding topic of the subject was how planning and organizing helps in a management. Planning and organizing is one of the important keynotes for a leader as well as an employee. SWOT (strength, weakness, opportunities and threats) determines the relation with a competitor and hence helps in strategic planning of a firm. Study...

Words: 374 - Pages: 2

Premium Essay

Principles of Management

...Michelle A. Boyster Management 2210 - Principles of Management Assignment 1 Setting Priorities October 21, 2014 Setting Priorities Analyze each of these situations using the tables that follow the situations, then rank them 1 through 5 with 1 being your highest priority. Situation A Your boss wants you to write a report on the estimated cost or savings of changing all eight incandescent light bulbs in your department to LED bulbs. He wants the report by the end of the year. Time – 2 / Importance to you Manager – 1 / Money – 2 / Performance Effects on Others – 1 / Size of Task – 1 = 7 Situation B Andrea has just come to you. The workstations in his department are all down, meaning virtually no work can be done and he has 3 new workers in training so that isn't happening either. The repair person for the work station is here but cannot start until you authorize payment. Time – 4 / Importance to your Manager – 4 / Money – 3 / Performance Effects on Others – 4 / Size of Task – 1 = 16 Situation C The soap dispensers in the washrooms always clog about two days after they are filled. Time – 3 / Importance to you Manager – 1 / Money – 1 / Performance Effects on Others – 2 / Size of Task – 1 = 8 Situation D The company plan is to start construction of a new building in ten years. Plans for your department/area are needed one year before construction starts and you need written space and equipment needs turned in one year before that. Time – 2 / Importance to...

Words: 339 - Pages: 2