What it Means

Management, as a discipline, transcends overseeing tasks or directing personnel. It encompasses the harmonious meshing of people, processes, and purpose to achieve organizational objectives. It's both an art and a science – requiring intuition, creativity, and human touch as much as analytical skills, strategic acumen, and systematic approaches.

There are various principles and schools of thought that underpin the practice of management:

Why it Matters

Practical Examples

Imagine a company founded in 1908 that produces hand-crafted furniture. With the advent of modern technology and changing consumer preferences, the company faces dwindling sales. A new management team steps in, recognizing the dual need to preserve the rich heritage of craftsmanship while embracing modern design and technology.

They introduce new designs that blend tradition with modernity, invest in training artisans in modern techniques, and also leverage digital platforms to expand the market reach. Simultaneously, the management focuses on fostering a culture of pride in the company's legacy while being open to innovation.

The result? The company not only regains its market share but becomes a symbol of how tradition and modernity can coexist harmoniously.

Stack it - Resources & Tools

Tips and Tricks: