“Managers work in a dynamic environment and must anticipate and adapt to challenges.” With regard to the above statement, discuss the role of the new-age manager by taking an example of any Indian organization.

Approach any small size company in your city, contact the HR manager and get details of the organization structure with names. Then chalk out the main functions of the top management, middle management and supervisory management with respect to that company and discuss their roles and responsibilities.

Part a

Manager is a person who runs the business on established lines and often maintains the status quo. He is the product of change who runs an existing venture, takes no risk. Manager is an employee and is dependent on the owner. The reward of the manager is the salary which is fixed and regular. In small firms, the owner himself acts often as the manager.

Management refers to the on-going coordination of the production processes involving activities like planning, decision making, controlling and performing actions at an administrative level.

Role of a manager: