Analysis of Governance and Management for Resources- myassignmenthelp

Question: Discuss about theAnalysis of Governance and Management for Resources. Answer: Introduction Every society has an organization with pre-set goals and objectives that enable the society achieve its vision. These goals are achievable through the utilization of the resources. Cohesively, several activities are conducted either through governance or management. Therefore, this report establishes the differences and similarities between governance and management in terms of definitions and roles. Definition of governance and Management The word governance has got many definitions. Governance is the establishment of policies and monitoring how they are implemented in an organization by the members of the governing body in the organization (Matanock, 2014). It also means the provision of policies and continuous follow-up of their implementations by the authority (Rose-Ackerman, 2016). The authority might constitute by Board of Directors. The Board of Directors structure the law coordinates them and hold every relevant accountability to the laws (Grindle, 2016). The word governance derives itself from the word government thus defined as a force that exercises power over an organization, business, country, or a state (Rose-Ackerman, 2016). Altogether, the broader meaning of governance, it entails all the activities in both public and private organizations aimed at achieving the long-term goal and maintain together the shareholders. In governance, it is always divided into three levels. These are the Board of Directors, Chief Executive Officer, and Departmental Managers. On the other hand, the word management has been given different meanings by different scholars. In economics, it is referrers to as a factor of production that directly affects the performance of a business (Hamel, 2016). As a factor of production, it is the core of every end product in an organization. These factors include workforce, raw materials, and financial materials, all of which are put together by good management. Sociologist terms it as a group of persons. These all the individuals tasked with the success of the organization, while practitioners define it as a process (Matuso, 2016). Management has a starting point and the end point. In a broader meaning, it is the administration of an organization (Zilahy, 2016). Administration entails setting up activities and strategy of an organization and coordinating the of employees efforts to reach the specified goals through the application of skills. The whole process covers the estimation, to the organization, planning, and coor dination of all activities in an organization (Hubben, 201). In an organization, governance primarily focuses on the determining the objectives of the organization. The governor establishes the vision and mission, policies and guidelines to an organization. The governor comes up with the long-term objectives (Akerman, 2012). While in management, the manager does the direction. It is where by the manager to as leads, actuate and motivate all subordinate staffs. The manager leads the subordinate staff into what they ought to do to achieve the goals. The primary task thus involves communication of information from the top hierarchy to bottom and across the organization. The governor is responsible for determining and implementing the companys framework. The governor ensures that every shareholder is subject to the rule of law without partiality. It also demands full protection of all human rights. While the manager focuses on planning, it entails of outlining the course of action in both present and future. It helps in having all activities to take place expectedly. It is always the first stage in every level of management (Rudiski, 2016). Good planning gives precise information on who should perform a specified activity, at what time the action should take place, the process of doing it, very plan developed by managers differs depending on the organization and level of the manager. The governor designs ethics and culture of an organization. They manage the human development through understanding their culture, historical and social life (Grindle, 2016). Through this, the leadership can serve all the stakeholders on equal measures. Such governance oversees differing interests into a common consensus that is best for the organization's interests. While in management, the manager is responsible for staffing. Staffing entails workforce determination, hiring of qualified persons, training, deciding on the pay, appraising of their performance systematically. In most cases, staffing is conducted by human resource managers. In governance, accountability of managers is ensured by the board of directors. The board of directors ensures that all managers comply with the system, while in management; the manager ensures that all the staffs undertake their duties as required. The manager checks on the performance of every individual with an aim of ensuring effectiveness and efficiency as a paramount aspect (Roterberg, 2014). All activities direct to a process that meets their need and utilize the available resources. In management, the manager is responsible for the organization of the staff. The manager determines authority and responsibility among employees to come up with a good framework. The responsibility of management thus involve outlining the activities required reaching a specified goal, grouping all the activities departmentally and assigning each department to a leader. While the governance, there is responsiveness among the stakeholders. Responsiveness demands that all services reach to the stakeholders within the stipulated and reasonable timeline. Theories of Management and Governance There are several theories in both Management and governance. For instance, the management contingency theory acknowledges that there is no best way to organize, lead and make decisions in a company (Rundiski, 2016). Both external and internal constraints dictate the best way to lead. The contingency theory contains three variables; the acceptance of the leader by the staff. It states that the manager will have a better influence on the staff when the relationship is good. The theory also dictates the level of job description provides easy and better authority to the management than unstructured one. In governance, the contingency theory acknowledges that power is balanced among the shareholders found in the company. The complexity theory examines on the unknowns and how the organization react and cope up with the uncertainties. The theory improves the organization by dealing with the problems brought about by change while in complexity theory; the governance theory combines both the economic and social roles (Rose, 2014). The structures are placed in a manner that makes the selection of the staffs to count. Conclusion Governance is a structure in different ways relating to the size of the organization and agreement of the shareholders. These different structures offer a different level of governance. In cases of a small organization, the manager always tends to assume the roles of the Board of Directors. In an organization, governance primarily focuses on the determining the objectives of the organization. The governor establishes the vision and mission, policies and guidelines to an organization. In management, the manager is responsible for the organization of the staff. The manager determines authority and responsibility among employees to come up with a good framework. Therefore, this always gives the thin difference in the meaning of both governance and management. Both governance and management are the same systems but different functionality purposes. Otherwise, the sole goal of governance is to offer an oversight and direction to the management. In totality, governance is hard to achieve c ompared to the management. References kerman, J. (2012). Contextualist Theories of Vagueness. Philosophy Compass, 7(7), 470-480. https://dx.doi.org/10.1111/j.1747-9991.2012.00495.x Another Look at Roles and Functions. (2013). Professional Case Management, 18(5), pp.255-256. Green, J. (2017). Transnational delegation in global environmental governance: When do non-state actors govern?. Regulation Governance. Grindle, M. (2016). Good Governance, R.I.P.: A Critique and an Alternative. Governance, 30(1), 17-22. https://dx.doi.org/10.1111/gove.12223 Hamel, G. (2016). The Why, What, and How of Management Innovation. 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