Management, as defined by businessdictionary.com is, 1. The organization and coordination of the activities of a business in order to achieve defined objectives, and 2. The directors and managers who have the power and responsibility to make decisions and oversee the enterprise.” From my experience and opinion, management is the made up of a team of individuals that take the vision of a company, craft a process of best practices to carry out that vision, and effectively lead their employees to the end goal.
Management is important for a number of reasons. One important reason would be to keep the bigger picture of a company in line with the day to day workers, while simultaneously being able to keep the day to day workers motivated to accomplish the bigger picture over a long period of time. Each employee must have the inspiration and motivation to keep chugging along day after day. Doing so will create a positive experience for employees, thus creating a positive experience for customers and clients.
Management has evolved greatly in the past two decades, but rapidly since the start of the 21st century. According to Walter Kiechel III, from Harvard Business School, and whom I tend to agree with, "Over the last two decades of the 20th century, business schools revised their mission from 'educating general managers' to 'helping leaders develop'." Moving forward in the 21st century, not all industry managers have caught on to this mission. I fear that with the market the way it is today, and with more people branching out to start their own businesses, that the skills are there to do a job or function, but the important skills needed to lead a business and employees to success within a healthy environment are lacking. The people that are left behind in companies are being promoted to management from within niche skills, but are not qualified to innovate the vision of the company, manage a team, or spearhead motivation towards the end goal. Kiechel III continues on by saying, "Innovation is where satisfying the fierce demands of the market depends, as never before, on eliciting the best from the humanity of production. No one yet appears to have been able to automate the invention of the new or to come up with machine-replicable substitutes for the spark of human imagination. Perhaps the biggest managerial challenge facing the 21st-century company will be finding ways to free that spark, resident in employees, from the organisation’s tidal pull to keep doing the same old things." To me, Kiechel III is saying that today's workforce is spread thin, the best of the creative and innovative are not being used to their fullest potential due to not being able to free up those who spark that natural human imagination. Thus, leaving organizations to continue to be reactive as opposed to proactive.
Kiechel III, (2012). Smart company: How management style has evolved across the centuries.Retrieved from: http://www.smartcompany.com.au/leadership/management/29099-how-management-style-has-evolved-across-the-centuries.html?
WebFinance, Inc, (2014). Businessdictionary.com; definition of management. Retrieved from: http://www.businessdictionary.com/definition/management.html