Tasks of professional managers:
1. Providing direction to the firm:
Envisioning goal is the first task that should never be delegated.
2. Managing survival and growth.
There are two sets: internal and external.
- Internal factors are choice of technology, efficiency of labour, competency of managerial staff, company image, financial resources etc.
- External factors are govt. policy, laws and regulation, changing customer taste, attitude and values, increasing competition etc.
3. Maintaining firm’s efficiency:
A manager has not only to perform and produce results, but to do so in the most efficient manner. The more output a manager can produce with the same input, the greater will be the profit.
4.Meeting the competition challenge:
A manager must anticipate and prepare for the increasing competition. Competition increasing in terms of more producers, products, better quality etc.
5.Innovation:
To finding new and better way to doing any task
6.Renewal:
Managers are responsible for fostering the process of renewal.it has to do with provoding new process and resources.
7. Building human organization:
A good worker is a valuable assets of any company. Every manager must constantly lookout for people with potential and attract them to join the company.
8. Change management:
A manager has to perform the task of change agent.its the managers task to ensure that the change is introduced and incorporated in a smooth manner with the least disturbance and resistance.
9.Selection:
Today’s managers are faced with a bewildering array of information technology choices that promise to change the way work gets done.
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