MANAGER’S CHALLENGE AND OPPORTUNITIES IN THE CURRENT ECONOMIC CLIMATE VARUN ADITYA MURALINATHAN
In the current economic climate, most of the countries are facing recession for the past few years. Apart from the effective management of time for getting things done, the basic things to be followed are career planning, effective team building, improve as a communicator, on motivating others, controlling recession driven economic scenario and must be a leader as well as manager. Management is an art of making people more effective than they would have been without you. There are four basic pillars in management: Planning, Organising, Directing and Monitoring. ‘The best manager is the one who has sense enough to pick good men to do what he want to be done and self-restraint enough to keep from meddling with them while they do it’- THEODORE ROOSEVELT. * CHALLENGES: Management is neither science nor an art, but it is a combination of two domains: abilities and intelligence. The very basement thing which the manager must do is to build an effective team. By building a team, the manager can improve himself by motivating others, negotiating effectively, arrange for meeting and manage people, asserting oneself, influencing and gathering business information. Is it worth doing it? Yes, but managing people is not easy. Yet it can be done successfully. And that can be a very rewarding experience for a manager. Management, like any other skill, is something that one can improve with study and practice. Lack of management skills plays a vital role in the challenges of manager which is very difficult to deal with the most small and medium enterprises...
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