Q1. What are Management processes? Critically discuss the necessity of each managerial process and its logical sequencing in relation to other processes in an organisational set up. Explain with the help of your organizational experience, or the ones you are referring to.
Management processes are the methods that aid the structuring, investigation, analysis, decision-making and communication of business issues. Examples include the strategic planning process, talent planning, expense and capital budgeting, performance management systems, product planning and management cost accounting.
The purpose of a management process is to ensure a disciplined and consistent approach to analysis and decision making. They facilitate the use of a logical thought process that is consistent with the objectives of the firm. The capital budgeting process, for example, is based on financial market disciplines that encourage wise investment. Product planning is focused on both creating customer value and realising the benefits of new products for the firm’s investors, not one or the other.
Management processes should be seen as a support to and not a replacement for management judgment. These processes require the development of expectations about the future and provide guidance in light of the associated assumptions. The wise manager uses these tools as inputs to decision making which, when combined with business acumen, provide a solid basis for choice.
The necessity of each managerial process and its logical sequencing in relation to other processes in an organisational set up
A business process or business method is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers. It can often be visualized with a flowchart as a sequence of activities with interleaving decision points or with a Process Matrix as a sequence of activities with relevance rules based on data in the process.
There are three types of business processes:
A business process begins with a mission objective and ends with achievement of the business objective. Process-oriented organizations break down the barriers of structural departments and try to avoid functional silos.
A business process can be decomposed into several sub-processes, which have their own attributes, but also contribute to achieving the goal of the super-process. The analysis of business processes typically includes the mapping of processes and sub-processes down to activity level.
Business Processes are designed to add value for the customer and should not include unnecessary activities. The outcome of a well designed business process is increased effectiveness (value for the customer) and increased efficiency (less costs for the company).
Business Processes can be modeled through a large number of methods and techniques. For instance, the Business Process Modeling Notation is a Business Process Modeling technique that can be used for drawing business processes in a workflow.
The management process I am known with is reliance communication :-
Their service is based on a very simple principle: provide the world's best customer experience. This They achieve through a winning combination of global competencies, pioneering technology and state-of-the-art customer-centric systems and processes.
Leadership is the key that differentiates us and fuels Their growth. Their leaders are defined by their:
They invite you to join us at Reliance Communications and create an exciting future. Be a leader in a global service company committed to changing and improving lives.
Send us Their resume so They can match yTheir profile to Their requirements and embark on a mutually fulfilling relationship.
They offer challenging assignments and career opportunities to engineers, MBAs, Telecom network and IT specialists, profit centre heads as Theyll as young professionals.
They recognise and reward Their merit
Reliance Communications is in the process of setting up best-in-class work facilities across major cities in India. At Mumbai, the DhirubhaiAmbani Knowledge City (DAKC) hosts more than 10000 professionals with a range of office complexes, food cTheirts, avenues and boulevards, fountains and video conferencing.
In addition to providing invigorating physical work settings, Reliance Communications fosters a work culture marked by positive energy, team work and performance ethic.
They are committed to building a non-hierarchical and open work environment and a result-driven meritocracy.
Their people, Their strength
"They bet on people," said DhirubhaiAmbani, Their legendary founder. This is at the core of Reliance Communications’ business philosophy. Reliance Communications believes in hiring world-class talent and supporting them with an enabling organisational framework.
They have already invested in 50,000 person training days and state-of-the-art e-learning facilities. They are introducing several progressive and employee friendly HR practices in e-HR, Employee Self Service, Performance Management System, 360° Feedback and Leadership Development initiatives.
Their Vision is to develop Global Leaders in India by providing them opportunities to learn through a comprehensive and contemporary framework of continuing education.
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