Growth is never by mere chance; it is the result of forces working together

“Growth is never by mere chance; it is the result of forces working together” - James Cash Penney

When I was a child i used a play a lot with Magnets,later when i came to know magnets have a Magnetic field which can attract other objects inside the magnetic field and now I came to know how Magnet can be seen in a Management perspective . 

                           Prof Mandi has walked in the class and showed a magnet and asked why does a magnet attract . We have given many answers and came to answer which Mandi has expected i.e Allignment .A magnet has its power to allign other attractable particles in its magnetic filed . A manager is a like a magnet who will align all the workers in place . In terms of an organization it aligns all the work forces in order or in a organizational structure .

                                     Managers align people and process . They create the force to make people and tasks align in an order . Objective of the magnet is to align and in the same way objective of the manager is to organize the people and there respective tasks .Here we come to know about a important management lesson - management by objectives . 

                            Management by objectives (MBO) is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization in order to achieve them.The essence of MBO is participative goal setting, choosing course of actions and decision making. An important part of the MBO is the measurement and the comparison of the employee’s actual performance with the standards set. Ideally, when employees themselves have been involved with the goal setting and choosing the course of action to be followed by them, they are more likely to fulfil their responsibilities.

                                     We can further discuss this topic with comparison of the three monks story and tower building exercise where goals are set based on the methods . 

   

Three monks	Tower building exercise
No hierarchy	Hierarchical structure
consesus on decision	Control by higher management
Work divided among the all	work defined according to the role
work load is distributed	work is distuributed according to role
Skill is same	Unskill of the employees

 We have further discussed how skill mismatch can bring changes in the organizational structure .Management should know which skill has to be given priority and which skill not . The objectives of the management or organization should be clearly set to achieve success . 

Will be blogging again . Keep reading !!!