Management is necessary in all types and sizes of organizations, in all organizational work areas, at all organizational stages and in different organizations, no matter at which place they are located. This is what is known as the universality of management. Managers in all these settings will organize, plan, lead and control (Jones & George, 2011).
The world today has become competitive and there has been an increased need to study management and business in general. In the society today resources in a great way have become valuable though very scarce and the organizations have a major responsibility to play in the management and effective utilization of the resources available so as to improve the people’s living standards. Management study as well extensively increases the organization’s competitive edge (Dyck & Neubert, 2010).
Management study is essential because of performance criteria and culture diversity, and so work practices followed should be culturally suitable. Management also contributes to the growth of relationships based on cultural diversity and performance because it improves the respect for cultural diversity which is established in all interactions with colleagues and customers. Managing diversity means accepting people’s differences and recognizing that these differences are important, thus enhancing high-quality management practices by avoiding discrimination and hence promoting comprehensiveness (Nieuwenhuizen et al., 2008).
There has been an increased competition for the available resources and this has led to people desiring to live better lives like having a satisfying career, a well paying job and so having the knowledge of management is very important to achieve all this. It is vital to study management so as to have the skills as an employer, employee or if someone wants to have a successful organization. Studying management is mostly the base of getting into business. The manager will be needed to come up with desirable goals and ensure that the goals have been achieved so as to maintain and ensure a successful organization, and so the manager should learn management. Many people want to make their own businesses and make their own money so studying management is necessary so that they can be in a position to manage their own finances and have the knowledge for business management.
Although not everyone wants to be a manager, it is significant for them to study management because they will come into contact with managers in their line of duty who may require them to carry out some managerial responsibilities. Studying management makes someone understand what it means to be a manager. In addition, it gives them an opportunity to learn from other people’s experiences. Studying management can enable someone to gain immense insight into the way their boss behaves and the internal workings of the organization. Management studies enable someone to develop skills of managing things better through the development of multiple skills (Jones & George, 2011).
Management will help someone in any field of business. It is essential to study management if someone wants to shine in his job. This is so because you will get to know how the organizations work and the better you will be in networking with colleagues no matter what their positions are in the organizations. Studying management gives people an absolute knowledge on operating and maintaining a business. In most cases management students are not only trained on the basic principles of management which they read in books but they are also given real life examples to examine so that these principles become reality. Students, who take careers in management, get to have an understanding of the management process which forms the basis on which they are able to build their management skills.
Studying management is important because someone will be in a position to identify poor management and work hard to get it fixed and as well as identify good quality management and promote it in any organization (Dyck & Neubert, 2010).
Management helps in connecting to the world. It enables one to understand more about how to be efficient in international and national perspective and about the worldwide business system and the massive worldwide organizations that run it.
Studying management helps in bringing unity in the workplaces. Managers in different organizations set examples and this promotes team work. Managers are also held responsible for supervision and judging over the employee’s work. Creating management unity pertaining to the rules of function encourages employees’. Management also helps the employees to develop team work. Studying management is vital to managers because they will have enhanced evaluative and analytical skills which in a great way will help in management decision-making. Someone’s practical and creative input in most cases is likely to be improved by a profound understanding of business policies.
Management studies also help management to provide necessary, suitable and reliable support for employees. This consists of developing approaches for managers to deal with the concerns of employees. Management studies enable organization’s staff to have the knowledge on how to give directions as well as help and offer employee support (Mosley et al., 2008).
Management study develops skills among the management staff that helps them to support employees’ productivity. Managers who are trained to build relationships with employees and nurture communication between departments, and capably support employees’ work generally have a great impact on employee efficiency, and as a result this increases the organization’s productivity (Nieuwenhuizen et al., 2008).
The crucial aim of management studies is to prepare students to work in a managerial capacity in a dynamic international environment where advanced technologies and multicultural situations occupy an important place in the everyday running of organizations. It provides insight into relevant social, legal, political and macroeconomic conditions affecting international business and exposes someone to key issues in international business management. Management studies are well-matched to a wide range of interests but are mainly relevant to those who are interested in developing their careers in organizations that conduct business beyond a single domestic economy. In this case, one will gain knowledge on how to handle business responsibilities. Management studies and education is the basic qualification that ensures a better manager in someone (DuBrin, 2009).
Management studies enable graduates to be innovators and entrepreneurs. By finding innovative ways to manage people and deal with global problems, business management students have the ability to bring up new trends. The opportunities in management are immeasurable for those people who are ready to acquire new business ideas.