Managerial Effectiveness
185 Pages Posted: 21 Aug 2012
Date Written: August 19, 2012
Abstract
In highly competitive global economy, companies realizing the fact that their employee, especially those at the managerial levels, is the only sources of competitive advantage. In the past decade managerial talent is the hottest issue and measuring manager’s performance has increasingly focused and interesting area for researchers and practitioners. It is commonly believed that managers are the most important assets of nations, organization and institutions to meet the challenges of global competition. The long term stability of any organization depends on the knowledge skills, competencies, positive attitude and behavior of its managers. In the past decades substantial numbers of managers and management scholars have been involved in a debate concerning the effectiveness of management It is generally believed that management education creates a vital link between economic progress, organizational effectiveness, and people’s performance at organizational levels. In those respect managers have played a considerably more significant role in the overall success of their organizations and development of their nations. Management institutions have incorporated new discipline and update their content to train their graduates in all aspects. Management education is the only source which will enhance the managerial effectiveness. No doubt, many factors influence managerial effectiveness but among all the factors management education attracts considerable attention across the world. In emerging business environment management education is in a central role for manager’s education. Management education has been imparting formal business skill to a wide range of business leaders and has thus democratized business management. Business institution are striving towards creation of knowledge, skills and competencies and many more things which make management education compulsory for the companies as well as individual. These business colleges imparted basic skills about the principles of trade and commerce to clerks and supervisors from fields as diverse as banking, transport, and accounting. Management education is inevitable for sustainable development of managers. Requirement of various skills for performing various tasks with well equipped knowledge are of crucial importance for today’s manager, hence management education scores over other streams of education. It is assumed that business schools as supplier of business managers can produce well trained and ethically responsible managers and management education is potential source for managerial effectiveness. This research tries to link effectiveness of executive skill with and without formal education.
Keywords: Managerial Effectiveness
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