There are two broad streams of activities and responsibilities we can see in an organization. One is management and the other is technical.
Management is the core function of leading, managing and growing an organization. It could be managing a business, it could be managing a project or it could be managing any other kind of initiatives within the organization. Management team will be responsible for overall wellbeing and health of the organization as well as of all the stakeholders.
In order for us to manage with excellence, we not only need to use our own skills and knowledge, we also need to use the experiences and knowledge of others in the organization. There is a greater need to use all the collective past lessons learnt effectively and there is a need to ensure that we do not repeat the same mistakes. This is where organizations lay immense emphasis on creating best practices, which will serve as ready-made wisdom to do a job well.
Best practise originate from our past experiences. A best practice is a technique or methodology that has been developed through experience and research, and has proven to reliably lead to a desired result. A culture to using the best practices in any field is a culture to using all the knowledge and technology at one's disposal to ensure success.
Management is a very wide subject consisting of various domains such as leadership, communication, team building, finance, marketing, human resources, inventory and logistics etc. Each domain is huge by itself and will have its own vast set of best practices.
Best practices in management can be very generic and wide. In this article we will focus on some broad level management best practices which are practiced by business leaders worldwide.
Best practices are practices which have been practiced already and have proven to help achieve the desired results. Hence organizations must invest on creating management best practices. Best practices thus will become a rich library of readily usable assets full of proven methods for the organization.
Thank you very much for this article. It was useful to me.
hi Very helpful indeed I need assistance on PM
This post made an excellent point that one of the benefits of using an ERP system is that it helps monitor and track revenue. I do agree that as a business, this is important.
good article. Well explained!
Well explained. Thank you so much. Continue educating us.