Running head: ANALYSIS OF MANAGERIAL ROLE IN THEORY AND PRACTICE 1

Analysis of Managerial Role in theory and practice

PAUL ABY

1 BBA D

1920420

CHRIST deemed to be university

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Table of Contents

Abstract .............................................................................................................................. 3

Managerial roles.................................................................................................................. 4

Leadership .........................................................................Error! Bookmark not defined.

Organizing .....................................................................Error! Bookmark not defined.

Financing ...................................................................Error! Bookmark not defined.

Staffing ……………………………………………………………………………5

Planning…………………………………………………………………………6

Summary…………………………………………………………………………………7

References ……………………………………………………………………………….7
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Abstract

Management is the administration of an organization, whether it is a business, a not-for-

profit organization, or government body. Management includes the activities of setting the

strategy of an organization and coordinating the efforts of its employees to accomplish its

objectives through the application of available resources, such as financial, natural,

technological, and human resources.

Management consists of the interlocking functions of creating corporate policy and

organizing, planning, controlling, and directing an organization's resources in order to achieve

the objectives of that policy.

Management is one of the most valuable entities within an organization as a result; the

role of management is all encompassing in which they are required to know more than their fair

share of daily responsibilities. Not only should management understand intrinsic operations

within the parameters of delegation, development, and bookkeeping, management must also

acknowledge ethical implications for each decision.

Keywords: administration, organization, coordinating, resources, policy, valuable entity,

all encompassing, intrinsic operations.

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Analysis of Managerial Role in theory and practice

Theories about different managerial roles exist but do these theories have validation.

Different mangerial roles are going to be taken up and discussed about how the true the theories

stand when put in practice and opinions are going to be raised.

Review of literature

Leadership

The article on the specified mangerial role refers to giving the leader importance. It says

that if everyone is responsible then no one is accountable. Masses often are not capable enough

to make strategic decisions as not all are trained and talented. It requires knowledge, experience

and insight. A leader cannot make everyone happy but in the world of business that is not an

intelligent business objective. Most problems that occur in mangerial hierarchy can be viewed as

a result of lack of efficient leadership.

Organizing

The article on the specified mangerial role refers to the importance of a companies time budget.

Most companies concentrate on their capital budgets that they ignore the organizations time,

which is a very scarce resource . The article says bringing the same discipline to a companies

time budgets as the capital budget would liberate countless hours of previously unproductive

time for executives and employees fueling innovation and accelerating profitable growth.

Financing

The article talks about overestimating cost of capital leading to lost profits thereby

returning negative results. A company's cost of debt will greatly effect its outcome of investment
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decisions when its calculated based on the marginal or effective tax rate. Hence have risk free

rates to avoid errors while calculating cost of equity.

Staffing

The article talks about better hiring based on potential. Most companies don't use an empirically

validated model for accessing potential. They have well established high performer programs

through which they fast track promising managers for development and promotion, but most of

these programs are full of people who have done well in the past and are therefore assumed to do

well in future but given VUCA conditions they are no longer reliable . It further on says that

when choosing people for the post people with the right motivation and a fierce commitment to

excel in pursuit of unselfish goals.

Planning

The certain article talks about adapting plans of the company according to current situations but

the managing of the company remains the same. The values that guide a companies decision

making, the way they organize themselves, communication with employees and customers all

these barely changed hence led the company to success

ANALYSIS OF MANAGERIAL ROLE IN THEORY AND PRACTICE
Table
Analysis
Sn.No. Concept Theory
1 Leadership One leader to manage instead
of individual power
2 Organizing Same importance for time
budget as capital budget
3 Financing Risk free rate
4 Staffing Hiring based on potential that
includes qualities like
motivation and a fierce
commitment to excel.
5 Planning Adapting to situations and
changing plans accordingly.
6
Practice
I agree to the concept and feel that a
person qualified enough for the job
should manage the group.
I agree to the concept and feel giving
importance to time budget and making
good use of it can make the employees
perform better producing better results
I agree to the concept, in a big
company risk of calculating wrong
rates of equity can even lead to
bankruptcy.
I agree with the article people with
motivation and commitment are easy
to work with they don’t laze around
and get the work done to the best of
their abilities hence give good results.
I agree with the article and feel that
plan's of a company should be kept
flexible as the world is ever-changing
With innovations if one fails to adapt
they can be left behind and soon out of
business.
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Summary

Many traditional companies also follow modern management principles and there are

others that testify they don’t. But the fact is evident that management principle play a vital role in

developing a manager who in turn gets the job done and provides for the company. The ever-

changing world and science also brings about new principles that can improve a persons

performance. All in all the principles play a vital role.

References

HBR article by Andrea Ovens (HBR 2012 July-August )

HBR article by Michael Mankins (HBR 2012)

HBR article by Prada (HBR 2012)

HBR article June 2014

HBR article September 2012

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