EDITORIAL this issue...
Achieving Synergy through Effective Management
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manager is a person who plans, organizes and decides what is to be done on a priority basis and gets the jobs done through others. Management would therefore include all the processes such as planning, organizing, executing, monitoring and controlling of all the activities of an organization. The concept of management is applicable to all organizations, small and large. As business grows it becomes imperative to organize the activities in a formal manner to ensure that synergy is achieved. For this the structure of the departments and the internal and external communication systems must be planned professionally. The role of the various departmental heads must be well defined to avoid overlaps, confusions and conflict. Broadly the areas of management and expertise could be classified as follows:
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Human Resources & Administration Corporate & Legal Affairs Accounting, Finance & Planning Sales, Marketing & Distribution Production Risk Commercial & Logistics MIS & Internal Control
The functional heads must be knowledgeable persons and each of the functions mentioned above would be required to work independently but effectively as a team. The communication among the various functions must be clear to ensure achievement of all the Corporate Objectives. The management function is an ongoing process in all organizations and is carried out consciously or unconsciously. But for it to be effective, it is necessary to work in a professional and coordinated manner. There
january-march 2014