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Discuss the importance of studying management. List at least five(5) rewards and five(5) challenges of being a manager.
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"As a manager the important thing is not what happens when you are there, but what happens when you are not there." - Ken Blanchard
According to Wikipedia, management comprises directing and controlling a group of one or more people or entities for the purpose of coordinating and harmonizing that group towards accomplishing a goal. Why is it important to study management?
As quoted above, the need for management in an organization, whether it be a large enterprise, governmental entity, school or community, is extremely and essentially important to achieve an organization's ultimate desired goals. With good management, an organization is able to operate efficiently and effectively, at all times. Evidence of management can be traced back to as far as the pre-modern ages when management thoughts are developed by the builders of pyramids of the Ancient Egypt. In his proven discovery, Dr. Zahi Hawass states that pyramid builders were conscripted on a rotating part-time basis, working under the supervision of skilled artisans and craftsmen. Besides, this is further evidenced by the fact that there were titles given to these so-called "management group" e.g. "overseer of the side of the pyramid", " director of the draftsmen," "overseer of masonry," "director of wor ...