APPROACH TO MANAGEMENT 4
Numerousapproaches to management have been crafted in the past, all in aneffort to explain the most effective way of organizing individuals soas to enhance the profitability and sustainability of businessentities. However, Peter Drucker’s approach to management comes offas the most valid. This is particularly considering that he wasdistinguished from other scholars since while other economists wereprimarily concerned with the behavior of commodities, he wasinterested with the behavior of individuals. This is exactly whatcaused him to come up with the contemporary study of management.
Druckercategorized the manager’s job into five fundamental tasks. First,the manager would have to set objectives, where they spell out thegoals for the groups and make decisions regarding the work that hasto be done so as to meet the goals. In addition, he would organize ordivide the tasks into management activities and choose theindividuals that would accomplish the tasks. Third, managers wouldmotivate and communicate with his workers. In this regard, he wouldcome up with a team out of the people at his disposal via promotion,placement, pay and communications with the team (Nieuwenhuizen&Erasmus, 2007).Of particular note is the fact that Drucker called this theintegration function. In addition, managers measure or establish theright yardsticks and targets, as well as undertake an analysis,appraisal and interpretation of performance. Lastly, the managerwould develop people. Scholars note that as the knowledge workers hasrisen or grown, the people development task has become increasinglyimportant. Indeed, people, in knowledge economies, are seen as themost crucial asset to a company in which case the manager has thecrucial role of developing the asset (Nieuwenhuizen&Erasmus, 2007).The most appealing aspect pertaining to this approach is itssimplicity and the emphasis that it lays on the people or employees,who have the capacity to affect negatively or positively, theproductivity of the company in the long-term and the short-term.
Nieuwenhuizen,C., & Erasmus, B. (2007). Businessmanagement for entrepreneurs.Cape Town: Juta.