12 Reasons Why People Like Industrial Management
Industrial Management is a field of study where the structure and organization of industrial companies. It comprises those fields of business administration that are necessary for the success of companies within the manufacturing sector and the encompassing services. I’m gonna discuss industrial management briefly.
WHAT IS MANAGEMENT?
The synonym of management is ‘to handle’. Management in all business areas and organizational activities is the act of getting people together to accomplish desired goals and objectives efficiently and effectively. Management can also refer to the person or people who perform the act(s) of management.
The art of planning, co-coordinating, & controlling industrial activity is called industrial management.
Various definitions of management are given by the experts are mentioned below:
- Dr. James Lundy says, ‘’Management is principally a task of planning, co-coordinating, motivating & controlling the efforts of others towards a specific objective. It involves the combining of the traditional factors of production (land, labor & capital) in an optimum manner, paying due attention, to the particular goals of the organization.’’
- H. Fayol says, ‘’to manage is to forecast & plan, to organize, to command, to co-ordinate & control.’’
- According to Scanlan & kinz, “Management is the coordination & integration of all resources, both human & technical to accomplish various specific results.”
- According to Terry & Franklin, “Management is a distinct process consisting of activities of planning, organizing, actuating, & controlling performed to determine & accomplish stated objectives with the use of human beings & other resources.”
So it is clear that management comprises, planning, organizing, staffing, leading or directing, and controlling an organization’s effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human recourses, financial resources, technological resources, and natural recourses.
THE OBJECTIVES (GOALS) OF INDUSTRIAL MANAGEMENT
Management is a social process. By centering, the objectives management process is performed. The objectives of management are given below:
- Earning profit:
The main objective of management is to secure maximum outputs with minimum efforts & resources. Management is basically concerned with thinking, & utilizing human, material & financial resources in such a manner that would result in the best combination. This combination results in a reduction of various costs.
- Survival & growth:
Each company must have a competitive business policy to survive in international business. Because business world is too dynamic. So it is impossible to hold the position for a company in a steady state. Peter F. Drucker said, “Survival is the central process of an organization.”
- Increasing the efficiency of factors of production:
Through proper utilization of various factors of production, their efficiency can be increased to a great extent which can be obtained by reducing spoilage, wastage & breakage of all kinds, this, in turn, leads to saving of time, effort & money which is essential for the growth & prosper it of the enterprise.
- Maximum prosperity for employer & employees:
Management ensures the smooth & coordinated functioning of the enterprise. This in turn helps in providing maximum benefits to the employee in the shape of good working conditions, suitable wage system, incentive plans on the one hand & higher profits to the employer on the other hand.
- Human betterment & social justice:
Management serves as a tool for the upliftment as well as betterment of the society. Through increased productivity & employment, management ensures better standards of living for society. It provides justice through its uniform policies.
- Development of material resources.
- Creating a vast market & ensuring mass production.
- Supply of quality goods at a competitive price
- Development of product line
- Ensuring maximum customer services.
- Creating a production-oriented working environment.
- Development of a labor-management relationship.
MAJOR ACTIVITIES (FUNCTIONS) OF INDUSTRIAL MANAGEMENT :
Management operates through various functions, often classified as
- leading/directing, and
- Planning: Deciding what needs to happen in the future (today, next week, next month, next year, over the next 5 years, etc.) and generating plans for action. Newman says, “Planning is deciding in advance what is to be done.”
- Organizing: Prof. Haney says,” Organization is the harmonious adjustment of specialized parts for the accomplishment of some common purpose/purposes.”(Implementation) making optimum use of the resources required to enable the successful carrying out of plans.
- Staffing: R.M. Hodgetts says, “Staffing is the process of recruiting, selecting, training & developing organizational personnel”. Job analyzing, recruitment, and hiring individuals for appropriate jobs.
- Leading/Directing: J.L. Massie says, “Directing is the process by which actual performance of subordinates is guided toward common goals.”Determining what needs to be done in a situation and getting people to do it.
- Controlling/Monitoring: Checking progress against plans.
- Motivation: M. Judicious says, “Motivation is the act of stimulating someone or oneself to get the desired result”. Motivation is also a kind of basic function of management because, without motivation, employees cannot work effectively. If motivation doesn’t take place in an organization, then employees may not contribute to the other functions (which are usually set by top-level management).
WHAT IS MOTIVATION
The word Motivation originated from “Motive” which means want, need, impulse, or drive. Berelson & Steiner says, “ A motive is an inner state that energizes, activates, or moves & directs or channels behavior toward goals.”
They want impulse or drive to find expression through motive. The motive is intentional to person. It is a motive that prompts a person to action. The motive is the center point of the motivation process. Motivation is the key to work performance.
Various definitions of motivation are given below:
- George R Terry defined motivation as,” the desire within an individual that stimulates him or her to action”
- Dotton E. Mc Farland defined motivation as,” the way in which urges, drives, desires, aspirations, strivings or needs direct, control or explain the behavior of human beings.”
- Michal J. Jucius defined motivation as, “the act of stimulating someone pr oneself to get a desired course of action.”
- Edwin B. Flippo defined motivation as,” a process of attempting to influence others to do your will through the possibility of gain or reward.”
- M.J. Gannon says, “Motivation basically means an individual’s needs, desires, & concepts that cause him or her to act in a particular manner.”
- Cyrus F. Gibson says, “Motivation may be defined as the state of individual’s perspective which represents the strength of his or her propensity to exert effort toward some particular behavior.”
- Heinz Weihrich & Harrold Koontz says, “Motivation is a general term applying to the entire class of drives, desires, needs, wishes & similar forces.”
ADVANTAGES OF PLANNING IN INDUSTRIAL MANAGEMENT:
Advantages of planning are given below:-
Ø The achievement of goals or objectives of the enterprise becomes easier because planning enables the direction of efforts towards predetermined objectives.
Ø Planning enables minimizing wastages hence scarce rare resources are saved.
Ø Planning enables the enterprise to make sufficient adjustments to adapt to future changes. Thus increase the efficiency of the enterprise. All the activities can be coordinated in a systematic way to achieve the goals of the business enterprise.
Ø Planning enables a firm to remain in the competition. Planning helps management to adopt modern methods of operation and to improve the quality of the product to attract the customer. It also helps the firm to take necessary measures to combat competition.
Ø Planning provides sufficient insight to the managers to avoid mistakes.
Ø Planning serves as a base for control. Planning determines the times for starting and completing the projects, set standards of performance. This enables the managers to control the activities. Budget is one of the effecting controlling tools in the hands of the manager.
Ø Planning enables the effective coordination of all management functions. Coordination is the essence of management.
Ø Planning increases the morale and confidence of the managers and helps them to lead their subordinates effectively.
Ø Planning facilitates thorough an examination of alternatives. The best one is selected to attain organizational objectives.
You can learn more about industrial management from here.
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