The Wisdom of Management: Beyond the Business World

Business & Marketing

The Wisdom of Management: Beyond the Business World 

By Sivann

August 14, 2023

In today’s world, the importance of management cannot be overstated. From the aviation industry to sports, from personal life to business operations, management plays a critical role in ensuring efficiency and success. The wisdom of management has gone beyond the boundaries of the business world and entered everyone’s life. In this article, we explore the significance of management and how it has impacted various aspects of our lives.

The aviation industry is a prime example of how management can make a difference in people’s lives. When flying, passengers often experience the frustration of waiting for long periods on the runway after landing. However, with smart management, this inconvenience can be avoided. By adjusting the take-off and landing arrangements, planes can fly a little slower, and the waiting time can be moved to the sky. This simple adjustment can give passengers a completely different travel experience.

The significance of management goes beyond the aviation industry. In sports, management can make or break a team’s success. Take the example of Frederick Winslow Taylor, who is known as the “Father of Management.” Taylor was not an athlete but loved sports. However, he hated “fair play” and always had to create some conditions to put himself in a favorable position. When playing tennis, he designed a spoon-shaped tennis racket for himself and won by seven points before hitting the ball. He also won the doubles championship of the National Tennis Championship and the fourth place in the 1900 Olympic Golf Tournament. The rules of the game at that time were often forced to change because of his “invention,” because if the rules were not adjusted, the game would become a one-sided game.

Taylor’s book “Principles of Scientific Management” was published in 1911 and became a cornerstone of modern management. Taylor’s ideas focused on improving efficiency and productivity in manufacturing processes. His principles have since been widely adopted in various industries and have had a significant impact on business operations.

Peter Drucker is another prominent figure in the field of management. He is recognized as the “leader of leaders” in management, and the Library of Congress says he is the most knowledgeable person in the world. Drucker’s work has been influential in shaping modern management practices.

Drucker’s book “The Effective Executive” is one of the greatest management books of our time. In this book, Drucker proposes three questions that everyone can ask themselves:

1) What will happen if you don’t do the present thing? 2) Would it be better for someone else to do this? 3) What are some things that are meaningless even if they are entrusted to others? Peter Drucker

Answering these three questions can make a big difference in one’s life.

Clayton Christensen is another prominent figure in management. He is the most expensive professor at Harvard Business School and teaches people to overtake on corners through “disruptive innovation” and make a lot of money. However, in Christensen’s management classes, he always asks students to think about questions like:

How to enjoy working? How to stay happy with family and friends? How to uphold principles and maintain integrity? Clayton Christensen

According to Christensen, the ultimate goal of mastering management wisdom is to make one’s life more meaningful.

In the past 50 years, the wealth created by human beings has far exceeded any previous era, thanks to management. The significance of management has gone beyond the business world and entered everyone’s life. Management is not just about managing companies; it is about helping individuals manage all the resources around them.

In conclusion, the wisdom of management has impacted various aspects of our lives and has become an essential tool for success. From aviation to sports, from personal life to business operations, management plays a critical role in ensuring efficiency and productivity. The ideas of prominent figures like Taylor, Drucker, and Christensen have shaped modern management practices and have had a significant impact on society. By mastering management wisdom, individuals can make their lives more meaningful and achieve success in all areas.

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