In today’s competitive landscape, organizations must utilize every resource to its fullest in order to achieve profitability. Peter F. Drucker, who is known as “the founding father of the discipline of management”, informs us that employees are assets, which should be treated as a company’s most valuable resource. The key players involved in utilizing this valuable resource are the managers of a company. Managers have a vital role in a company and the effort they put forth into their tasks and responsibilities will directly affect the success of a company. In Drucker’s book Management: Tasks, Responsibilities, Practices (Revised Edition), he explains the role of a company’s management team and the secrets to becoming a great manager.
A company is held together by the managers, they are the link between the employees working in the factories and top of the corporate chain. A manager’s main purpose, according to Drucker, is to produce economic results. These economic results are not only measured by a company’s profit, but by a company’s contribution to society. What general operations does a manager do to increase or decrease these economic results? Drucker explains that the first job of a manager is to set objectives. They develop the goals of the company and determine what needs to be done in order to reach these objectives. Other operations include organizing, motivating, communicating, and developing themselves as well as the employees.
These oporations tie directly into what Drucker explains are the dimensions of magnagement. He defines these dimentions by three main tasks, or rather responsibilities, that a manager must evenly appliy in order to have a chance of success. The first responsibility of a manager is to identify the purpose and mission of an institution. Once a manager has a clear understanding of the direction their company is headed, they can help guide the employees to have the same vision. This mission must take into account and balance the present with the uncertain future. It is an important administrative task for a manager’s mission to strive for the company’s full potential. As Drucker states, “What is the business’s theoretical optimum? What prevents us from attaining it? Where are the limiting and restraining factors that hold back the business and deprive it of the full return on its resources and efforts”? (32). Determining and adapting a productive mission requires a manager to be an entrepreneur, a risk taker, and an innovator. A good company mission is adaptable, and will allow the modern business to survive and perform in a new and unpredictable future.
Once the mission has been determined the next responsibility of a manager is to make the work place suitable for all employees. In addition to stressing that employees are a company’s most important resource, Drucker explains that they are the only one capable of the growth and improvement. Encouraging and helping the employees to be...