Management Essay

578 words - 3 pages

Management is a highly self-conscious group with its own mores, aims and professional standards. Its interest in an enterprise tends to be more long-range than that of ownership, for the simple reason that stocks are apt to be more liquid than good jobs. Being one of the less tangible assets of a company, good human relations has a greater appeal to the more permanent interest of management than to the often shorter-term interest of the owners.The practice of polling management to discover where it is headed and what it wants has hardly been begun. E. Wight Bakke has described four main goals of management. These are:1. The Economic Welfare of the Company2. Relations With Its Own Employees3. Freedom to Manage4. Businesslike, Responsible RelationsTHE ECONOMIC ...view middle of the document...

One of the major concerns of management is to obtain an efficient work force. To achieve this, management offers incentive systems, which have been known to increased worker productivity. By themselves, however, they have frequently failed adequately to arouse men's latent willingness to work. It was thought at first that the difficulty lay with individual incentive systems, and that the answer was a group incentive. Individual incentives, it was argued, tended to pit worker against worker. In addition, group pressure on the individual would slow nine out of ten employees down to a set pace, thus greatly diluting the value of the incentive as a method of stimulating more than routine effort. Those who favor group incentives claim that strong members of the group help the weak and put pressure on the loafer, so that the whole level of production is substantially raised.FREEDOM TO MANAGE.Management's chief responsibility is to manage. It, therefore, has to fight to preserve its freedom to do so. This right is fundamental to the prosperity of the enterprise. It is also, as E. Wight Bakke says, management's "claim of the right to survive."Management is a dynamic movement, with its own history, ideals and accomplishments. They are accomplishments about which management is justly proud. It has organized men, materials and machines on an unprecedented scale for the satisfaction of human wants.Despite the tremendous growth in the size of the enterprises it manages, it has succeeded, with the help of the antitrust laws, in avoiding dry rot. In today's corporate environment, however, management feels that its leadership is being questioned. It knows from past experience that it must remain strong and independent as a group, just as do the unions, to survive, remain dynamic and continue to contribute to the nation's welfare.

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