A real business strategist must have the discipline to work toward his or her vision single-mindedly, as well as to direct his or her actions and those of the team toward the goal. Action is the mark of a leader. A leader does not suffer “analysis paralysis” but is always doing something in pursuit of the vision, inspiring others to do the same.

All organizations depend upon group efforts. Group action and joint efforts have become necessary in every sector of life. The idea of Management plays a vital role when people work together to achieve common objectives. The success in group efforts depends upon optimum mutual cooperation among the members of the group. It also creates a sense of teamwork and coordination among specialized efforts. This co-ordination is indispensable in all organizations whether a business firm, a government, a hospital, a college, a club, etc. Effective Management is a creative force which helps in the maximum utilization of resources.

The development of an effective as well as competent managerial leadership alone can convert the disorganized resources of men, money materials and machinery into a productive enterprise. In the absence of management, an organization is merely a collection of men, money, materials and machinery. Management is the dynamic life-giving element in every business. Without it the resources of production remain resources and never become production. Active as well as effective system of Management is the catalyst without which no organization can survive and grow. It is required to plan, organize, direct and control group efforts. Management provides leadership and motivation to individuals. There is continuous need for management in an organization. As an innovative force, management performs the same role in an organization which brain does in the human body. It is the fundamental coordinating mechanism that underlies organized endeavor.

The importance of management has increased tremendously in recent years due to increase in the size and complexity of organizations, turbulent environment and growing responsibilities of businesses. Sound management helps in maximizing output and minimizing costs. It maintains a dynamic equilibrium between an organization and its ever changing environment. Management is responsible for the creation, survival and growth of organizations.

Mantra: The Hymn for Leadership

Integrity is the integration of outward actions and inner values. A person of integrity is the same on the outside and on the inside. Such an individual can be trusted because he or she never veers from inner values, even when it might be expeditious to do so. A leader must have the trust of followers and therefore must display integrity.

Dedication means spending whatever time or energy is necessary to accomplish the task at hand. A leader inspires dedication by example, doing whatever it takes to complete the next step toward the vision. By setting an excellent example, leaders can show followers that there are no nine-to-five jobs on the team, only opportunities to achieve something great.

Fairness means dealing with others consistently and justly. A leader must check all the facts and hear everyone out before passing judgment. He or she must avoid leaping to conclusions based on incomplete evidence. When people feel that they are being treated fairly, they reward a leader with loyalty and dedication.

Assertiveness is not the same as aggressiveness. Rather, it is the ability to clearly state what one expects so that there will be no misunderstandings. A leader must be assertive to get the desired results. Along with assertiveness comes the responsibility to clearly understand what followers expect from their leader.

Openness means being able to listen to new ideas, even if they do not conform to the usual way of thinking. Good leaders are able to suspend judgment while listening to others’ ideas, as well as accept new ways of doing things that someone else thought of. Openness builds mutual respect and trust between leaders and followers, and it also keeps the team well supplied with new ideas that can broaden its vision.

The International Institute of Management and Technology Studies (IIMTS) is committed to the welfare of mankind and the society at large. Our mission is to help the society in applying Management Science in various fields like environment, education, public welfare services, capacity building, skill development etc. IIMTS puts students at the heart of it’s vision and mission. It is committed to offering them a wide array of academic programs consistent with a rigorous approach to higher education, through the development of a flexible but coherent modular system. We serve the society by providing world-class educational opportunities to one and all. IIMTS is both the promoter of innovation and the protector of tradition. In an increasingly uncertain and volatile world, it is both.

Moulds the real Business Strategists of Tomorrow!!