The primary objective of the Management Department is to develop the capacity of its students to make sound judgments in their eventual roles as managers. The department recognizes that the successful manager must have personal standards meriting the respect of others, a basic understanding of human values and motivations, knowledge of modern scientific methodologies, and acute awareness of the impact of business policies on society.
Management is a dynamic profession in which the individual manager functions simultaneously as a planner, a supervisor, a leader, a decision maker, an analyst, an advisor, a problem solver, an evaluator of results, and so on. As such, managers perform a multiplicity of tasks and functions, and require a number of skills and abilities.
Management is essential for all types of organizations in every sector of the economy, including profit-making entities, not-for-profit organizations (such as government, hospitals, education and research institutes), professional firms (such as accounting, consulting, legal and medical), and others. It is required in small as well as large organizations, and in new ventures as well as established firms. Several types of management jobs are present in most organizations. These include:
- General Management: At the supervisory, middle management, and executive levels of the firm and having full line responsibility for the totality of functions and areas for all or part of the firm's activities. Typical positions would include: production supervisor, plant manager, division manager, group executive, president, and chief executive officer. In a professional firm, typical positions might include: principal, partner, and managing partner.
- Functional Management: Responsible for all or part of a particular function the firm performs, such as manufacturing, personnel, finance, purchasing, marketing, information systems, and the like. Typical jobs would include: production control, quality control, wage and salary administration, manufacturing manager, personnel manager and vice president for human resources.
- Staff Advisory: Acting as consultants or advisors to general and functional managers. Typical positions might include: corporate planning, management science, economic analysis, organizational planning, management and executive development, and so on.
Generally, management deals with developing strategies and policies for the organization, setting goals and objectives, allocating resources effectively (whether human, financial, physical, or technological), making decisions, and evaluating performance. Management is a challenging field, with unlimited opportunities in a variety of areas.