Types of Managment

Question: How many types of management are there? Explain. Answer: Smart objectives are those objectives, which are specific, measurable, assignable, realistic and time related. It is very important to have S.M.A.R.T. objectives so that the objectives are practical and achievable and are not based on something which is hypothetical or totally imaginable (Topachievement.com, 2016). The management is divided into five departments out of which one department is related to external partnership. The departments are Finance and administration, sales and marketing, management specialist consultant, human resource and information technology (external partnership). The key issues to be addressed in the identified managers and management are: Finance and administration: Training and development needs of the employees working in the finance and administration department. Efficiency and productivity of finance and administration department Change in processes or softwares required in finance and administration department Sales and marketing: Reassessment of sales and marketing goals based on SMART objectives Research related to Sales and marketing Training and development Management specialist consultant: Mode of communications used Training and development requirement Human resource: Training and development needs of human resources Attrition and employee turnover rates Compensation and benefit plans Organisational commitment and job satisfaction Information technology: Hardware and software related issues Information systems security Cyber defence policies Level of access into companys information The managers would be given a brief session that would increase their knowledge about the code of conduct. They would be explained about the organisational structure, job responsibilities and general guidelines of their seniors as well as the juniors. The managers would be strictly directed to manage the diversity properly and make the good use out of the talent and diverse ideas. The company would promote workplace diversity and would also try to enhance the cross cultural knowledge of the employees. The company would also formulate code of ethics and would arrange for annual sessions that would be aimed at increasing the ethical awareness of the employees. The company would consider a number of modes to communicate with the managers. It would arrange for weekly meetings with the managers while the whole progress would be assessed using social media groups. Another official channel for communication would be regular e-mails and formal text messages. There will be an open form of communication at the workplace so that the managers can freely share their thoughts and ideas. Manager name and position Consultation method Timeframe Resources Expected outcomes Dan Egan Manager of Finance and Administration E-mails, Messages, Meetings. 14 days To accomplish this task, the company would require to go through all the financial and administrative performances. Finding the problems in finance and administrative departments Farrah Walters Sales and Marketing E-mails, Messages, Meetings. 21 days To accomplish this task, the company would require to go through the performance and objectives of the teams so that the objectives are SMART. Improved marketing and sales functions Henri Yee Management Specialists Consultant E-mails, Messages, Meetings. 7 days The company would require feedback from the clients so that any drawbacks can be removed Better management Tunc Ozen Human Resource Team Leader E-mails, Messages, Meetings. 15 days The company would assess the employee and the workforce status in complete detail Better human resource conditions Nicola Pizzini IT manager E-mails, Messages, Meetings. 10 days The company would assess the software, hardware, security and personnel working in IT Better IT infrastructure and security REFERENCES Church Law Tax. (2016). 7 Common Financial Control Problems. [online] Available at: https://www.churchlawandtax.com/blog/2014/november/7-common-financial-control-problems.html [Accessed 6 Jun. 2016]. Topachievement.com. (2016). Creating S.M.A.R.T. Goals Top Achievement. [online] Available at: https://topachievement.com/smart.html [Accessed 6 Jun. 2016]. HRZone. (2013). Top 10 Issues For HR Teams How To Fix Them. [online] Available at: https://www.hrzone.com/community-voice/blogs/jamessheehan/top-10-issues-for-hr-teams-how-to-fix-them [Accessed 6 Jun. 2016]. Anon, (n.d.). Top 10 IT Issues, 2015: Inflection Point. [online] Available at: https://er.educause.edu/articles/2015/1/top-10-it-issues-2015-inflection-point [Accessed 6 Jun. 2016].