The success of any business organization or enterprise largely depends on its managerial structures and policies. The better the management, the higher the chances of the company or business enterprise has in meeting its goal. A manager in a person or a group of individuals who are responsible for controlling, regulating and administering a business enterprise or a well-established organization with a purpose of ensuring it meets its financial goals. In many establishments, business enterprises or any organization under management, there is an approval that such institutions often have situations that may be proved to be unfriendly to the achievements of the organization goals (Lahti, 2018) . The reason behind these kinds of adverse conditions is because of the type of administration in the organization.
Likely, management philosophies are the beliefs used by an individual in a supervisory position to direct them in decision making and the general activities of the firm. Good managerial practices often encourage better structures of the organization hence higher chances of meeting its goal (Lahti, 2018) . After a long period in engaging with most of the managers in various institutions and business settings, I have noticed with keen interest good and bad managerial choices. Efficiency and motivation would be my proposed managerial philosophy having that efficiency is a regulatory approach that focuses on ensuring results in an organization under favorable environment while motivation is an approach that seeks to encourage employees always to do their best at work.
Delegate your assignment to our experts and they will do the rest.
Working towards efficiency
Efficiency reflects the level of performance by an organization or business that are described by the use of less amount of input to come up with the highest amount of output by following the right procedure or process. As a manager in my area of expertise, the approach if efficiency is a proposed philosophy that would be the driving force in archiving the set standards and goals. The strategy of efficiency mainly focuses on how a particular organization, business enterprise or a firm is organized and controlled; for instance; the power between management and employees (Lahti, 2018) . The efficiency philosophy often struggles to answer the question of; how should the actions of a particular institution work to ensure there is maximum efficiency. In this kind of approach, the workers in a specific organization have strong and specified responsibilities (Lahti, 2018) . Most importantly, the strategy seeks to divide responsibilities and occupation between the managers and their subordinate employees; this is to gain maximum output in the organization. For this, the approaches to efficiency are further subdivided into different types.
The managerial efficiency can further be divided into different types namely; the allocative, the productivity, Return on Capital, resources, the cost and the process efficiency. First, allocative efficiency is a type of efficacy approach that is characterized by the placement of funds to make value (Lahti, 2018) . To illustrate; policies, strategies, a product or a project that have undergone failure are capable of reducing the efficiency of an organization by dedicating capital and spending too many resources on activities that create no value. Secondly, the Return on Capital type of capability focuses on earning a firm the relative income to that of the employed capital. For instance, when a smaller business enterprise with $2,000 as it capital yield $20,000 as its returns, then the firm is said to be capital efficiency because it uses the least amount of money to come up with the highest output. Every manager in an organization is responsible for competently managing the capital to come up with the maximum output (Lahti, 2018) . Productivity efficiency is yet another type of managerial competence. Productivity focuses on the output work the employee take per hour. More often, the productivity rate of different organization varies depending on the size (Lahti, 2018) . For instance, a firm that invests its capital on the most productive employees is proven to be more efficient than a firm that spends little money to the unproductive employees.
Furthermore, the cost efficiency is a managerial efficacy approach aimed at delivering more output using little cost. Additionally, the efficiency of the resources is the use of the available resources by an organization or institution without any unnecessary wastage (Arando et al., 2015) . Such resources may include energy, land, water, and materials. For instance, an organization that can use less power can save the cost of energy and therefore said to be resource efficient because it uses the little available support without wastage. Last but certainly not least, is the process efficient. In this kind of efficiency, the amount of labor and time expenses the organization incurs is relative to the output it benefits (Arando et al., 2015) . A good example is an online business that offers relatively cheap shipping fees but takes the shortest time possible in shipping the products thereby saving time, but the process remains the same. For this, efficiency has served to be beneficial to most of the organization that employs this kind of philosophy in its management.
There are several advantages that an organization may gain as a result of employing the philosophy of efficiency. The disadvantages are both enjoyed by the manager, the employer, and the general customers that the organization serves. This is because Efficiency means perfuming duties without any misstates and using few inputs and producing more data thus gaining more advantages.
First, the art of embracing efficiency can be of an advantage to the company, its employees and the customers. In a situation where the employee of a particular company is productive, the general output of the organization often increases, and therefore the company is in a position to earn more income. With the high salary the company receives, payment of the employees is often made without straining, on time and relatively fair per their occupation and abilities with limited strain (Arando, 2015) . Additionally, the hardworking employees usually get rewards for their efforts in working hard hence more encouragement to even work harder and increase production.
Secondly, in an event where there is maximum efficiency in handling the available resources of an institution, wastage is significantly reduced with a high percentage. Therefore, the finance that was intended to buy more supplies is invested in other productive activities of the company. The company does not gain losses. Besides, when the employees are efficient and productive, the revenue of the business enterprise increases and thus can offer an incentive to its employees. Most importantly, efficiency in an organization may lead to an offering of good quality goods or good customer care services which consequently lead to the building of the firm’s picture and attraction even more customers.
Employee motivation
Concerning employees, motivation is the increased level of the desire by workers to perform well in their tasks irrespective of their level of happiness. The motivational philosophy is one which focuses on the methods to inspire workers to improve or boosts their performance at their workplace and work towards the overall goad of the company. As a manager, employee motivation is a critical managerial approach because it seeks to build a working set that encourages strong employee self-driven ideals and there healthy for the institution activities. For a company or an institution to have motivated employees it has to employ certain practices to have encouraged the workers.
The manager of a particular company can encourage and motivates the employees in various ways to have a healthy business environment. To begin with, the company or the organization can pay the worker more. Nothing drives workers more than an increase in payment (Harness,2018). One of the main reasons why people go to work every day is to receive cash to keep up with the lifestyle and economic strain. Increasing the salary or wages of employees gives them motivation and encouragement to take part in their duties with vigor, passion and keen interest which consequently lead to more excellent performance. Fairness in an organization is also a handy tool for increasing workers motivation. A manager who is fair and offer opportunities for everyone who deserves it often motivates workers (Harness,2018).
In contrast, management which devalues the efforts of another esteem worker in favor of a particular group of workers often leads to demotivating. Therefore, fairness among every employee creates a sense of motivation. Additionally, respect is a motivation factor for employees. Managers who treat every employee with ultimate respective encourage the workers to take part in their duties willingly and to their expectation (Harness,2018). Motivation posters are not that effective n helping the worker to do their jobs at the best of their abilities, but a personal relationship with their superiors matter a great deal.
In conclusion, good managerial philosophies affect the success of a business organization or company. As a manager in the area of my expertise, my proposed management philosophies are efficiency and employee motivation. The reason behind this choice is because ability among workers and the general institution leads to maximum production using limited resources which is of an advantage to the company. Moreover, employee motivation is yet another philosophy of management that improves the productivity of an organization due to increase performance of the employee after motivation.
References
Arando, S., Gago, M., Jones, D. C., & Kato, T. (2015). Efficiency in employee-owned enterprises: An econometric case study of Mondragon. ILR Review , 68 (2), 398-425.
Harness, J. (2018, November 29). Bit fluent. Retrieved from https://bizfluent.com/info-8292773-importance-employee-productivity.html Lahti, M. (2018). Employee Efficiency Improvement Through Orientation: Scanfil Plc.
