With the advent of the market economy, new management concepts have appeared, and now in our rapidly developing time, managing an organization is a rather difficult job that cannot be completed without an understanding of the general rules and the significance of numerous options that affect each situation separately. With the innovations, a multifaceted concept of management was introduced, which can be considered as management practice, as a science and art, as a complex process with managerial decision-making and as a general organization of company management.
In simple words, the concept of management is explained by the ability to achieve goals with the help of human labor, intelligence and the correct use of both
material resources and labor. Management is also a combination of methods, principles and forms of management based on a scientific knowledge system. This system consists of a theoretical and practical basis, and provides the management of evidence-based recommendations.
The basic concepts of management reveal the objectives, goals, principles and
functions of management, its subjects and objects, as well as types.
The main goal of management is to ensure the desired income and profit through sound organization of production and
human resources, as well as increasing sales and reducing costs. This goal is achieved by solving the following tasks: assessing the state of the organization, determining development goals and their priority, building a strategic plan, etc.
Considering the concept of management as a process of continuous interaction, four functions can be distinguished in it, which themselves are also a process. These include the following: planning, organization, motivation and control. In their framework, it is determined when, what and how to produce, how to use and distribute resources, how to manage employees.
In addition, there are several
types of management that stand out in their own areas. Among them are organizational
management, production, marketing, innovation, finance, etc. All of them carry out their own management functions and solve their problems. However, the most important of them is the concept of financial management, because it is the art of managing the finances of a company.
It draws up the organization’s budget,
financial plan, the formation and distribution of its monetary resources, the assessment of the financial condition and the implementation of the necessary measures to strengthen it.
Summing up, we can say that, having deeply studied the concept of management, all the laws of management become available, it becomes possible in practice to effectively use this knowledge, objectively evaluating and optimizing the management system. But there are no ready-made formulas for solving all difficulties due to the fact that environmental conditions are constantly changing, as well as the goals of the organization, but you will learn how to think correctly and creatively apply fundamental principles to existing situations.