Abstract: Insights into Effective Business Management Practices
A comprehensive review of effective business management practices offers valuable insights into the four core concepts of management in business. The role of the management department in an organization increasingly revolves around the accomplishment of four specific roles: planning, leading, organizing, and controlling business operations. From a biblical perspective, Dyck et al. (2006) argue that contemporary managers prefer to use the materialist-individualist vantage point of management instead of a radical approach. The two approaches differ in how they promote the managerial pursuit of organizational success. Nonetheless, Kouzes and Posner (2017) also shed light on specific managerial exemplary practices whose adoption fosters success in active business operations. A rigorous assessment of these findings depicts the radical approach of management combined with Kouzes and Posner’s best practices as essential elements for achieving success.
Functions of Management in Effective Business Management Practices
Definition: The Four Main Roles of Management
Attainment of successful business prospects in any organization increasingly relies on the interplay of quality leadership and management factors. Ideally, a manager performs four main roles, namely controlling, organizing, planning, and leading, but not necessarily in that order. The first two activities that management performs entail planning and organizing. These precede two other significant activities: leading and controlling business operations.
Summary: Biblical Perspectives on Effective Business Management Practices
In their article, “Just what was Jesus saying? Two interpretations of the Parable of the Shrewd Manager,” Dyck et al. (2006) provide two interpretations of the parable of the shrewd manager to examine its implications in management. These interpretations include a radical counterpoint-of-view and a conventional materialist-individualist moral point-of-view. A business integrates biblical teachings to adopt new leadership and management methods (Dyck et al., 2006). The four major themes discussed include assessing modern management from God’s leadership context, deploying servant leadership, adopting new leadership mechanisms, and leading with nonjudgmental acumen and humility.
Dyck et al. (2006) argue that modern management exhibits materialism and individualism. From a religious perspective, materialism nurtures hardworking individuals focused on material riches, while individualism nurtures disciplined individuals with good work ethics. The conventional moral point-of-view encompasses high materialism and individualism, while the radical view promotes well-being in aesthetic, physical, spiritual, intellectual, and social dimensions. Every individual’s moral vantage point shapes their worldview. Bruno Dyck and Frederick A. Starke, business administration and organizational behavior professors, contributed these insights.
Discussion: Applying Effective Business Management Practices for Success
Like business leaders, managers play a crucial role in ensuring successful outcomes in any organization. The four main concepts in effective business management practices – planning, controlling, leading, and organizing – are all critical. However, controlling is emphasized as essential for managing performance and making necessary adjustments to meet goals (Snell et al., 2015).
Dyck et al. (2006) argue that managers should adopt prudent and shrewd management qualities to fulfill organizational visions and stakeholder goals. The role of a manager is akin to a leader, requiring a broad range of qualities. Key qualities include embracing the radical moral point-of-view rather than the conventional materialist-individualist one. This approach focuses on stakeholder success beyond material wealth and aims for physical, spiritual, intellectual, social, and aesthetic well-being.
Contemporary management practices tend to favor the materialist-individualist perspective, prioritizing competitiveness, productivity, efficiency, and profit maximization. However, the radical approach encourages a more holistic management style.
Kouzes and Posner (2017) highlight five exemplary leadership qualities essential for quality management. These qualities also apply to managers as leaders coordinating organizational activities (Snell et al., 2015). Additionally, managers should also encourage others to act by fostering competence and collaboration among the workforce, which can be significantly enhanced through the benefits of industry certification that validate skills and boost professional development. Creating a working environment rooted in trust, discipline, diversity, mutual respect, and recognition of employee efforts sets the stage for breeding spirited teamwork (Snell et al., 2015)
Overall, the views of Kouzes and Posner (2017) and Dyck et al. (2006) present effective business management practices as transformational and cooperative approaches that improve productivity and ensure organizational success.
Biblical Integration and Worldview in Effective Business Management Practices
Religion, particularly Christianity, plays a pivotal role in leadership development. It inspires individuals to act justly and serve others, reflecting the principle of doing unto others as you would have them do unto you. Comparing radical and conventional managers shows that radical managers exhibit better leadership qualities, as they prioritize people over mere wealth maximization for shareholders.
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