Governance and Management Health †MyAssignmenthelp.com

Question: Discuss about the Governance and Management Health. Answer: Introduction Governance and Managementboth are terms that are widely used in business organizations. Most of the people co relates them which is wrong. They are similar in fewer fields but Governance andManagement both hold their own importances in their own manner. Governance is defined as Forming of policies and nonstop observations of their accurate execution by the employees of the central body of an organization, it includes the system of harmonizing the powers of the members and their primary duty of increasing the success and validity of the organization (King, 2013). Whereas Management is defined by many renowned authors and one of the definition given by them is provided here as: Management is an art of knowing what is to be done , when it is to be done , how it is to be done and by whom it is to be done (Taylor, 2011). F.W Taylor was considered as the father of the scientific management. Here we will study the concepts of governance and management in detail. Governance is any rule, policy or standard that is set by the upper level or the higher authorities of an organization to reach to the organization goals. Whereas Management is concerned with every little activity of the organization, what an employee is doing, how to take correct measures if anything has gone out of control. Governance is doing right things whereas Management is doing things right(GRP, 2014). Governance and management both are similar as they both work in achieving the goals of the organization. Governance is related to the structure of an organization where as management is related to the day to day operations of the organization(Rana, 2011). Governance and Management works together in order to ensure proper governance, a well maintained management is required that can ensure proper working of the staff. For each and every big to small organizational activity the higher authorities have made ru les and regulations that defines the degree between the governance and management in that particular activity (Gupta, 2007). Both the terms management and governance holds importance in their own manner, however we could say governance holds a bit more importance as it is the area that directs the management towards the achieving of the goals. It is true that governance comes first and later comes the management but we cant ignore the fact that if there is an absence of an effective management then competent governance is of waste only. Competent Governance is a requirement of every organization where as an effective management is a need of every organization. Effective governance will make such rules, standards, and objectives, policies that now or later will prove beneficial for the organization. With the help of effective management those rules, standards, objectives, policies will be maintained and achieved. Hence both the Governance and the Management holds importance in their own respective dimensions. Governance Clinical governance is a systematic approach in which the firm is responsible for constant improving the worth of their services and safeguarding high standards(Nayyer, 2011) Under the collaborative governance performs jointly with the management and creates such a proactive environment that management works without any interference from the high end authority and they take an active part in all the high end matters. Management Project Management is a defined system of implementing, preparing, handling and initiating the job of the group to attain specific goals (Taylor, 2011) Under risk management the managers evaluates, predicts, forecasts future uncertainties in order to be ready for them , so that business could survive it easily The principles of management were given by the (Fayol, 2012) whereas principles of governance were given by (King, 2013) Management Henry Fayol emphasized on unity of the workers as the first principle of the management, if there is no unity amongst the workers then no management can achieve its objectives. Unity of direction is another principle of management; the entire company must be working in order to achieve a common objective. Henry Fayol mentioned that authority and responsibility are related to each other, one cant work in the absence of the other. So both authority responsibility must be given together to an employee. Governance An effective leadership is the first and foremost principle of the governance, the company must be leaded by a competent leader who can take risky as well as right decisions for the firm. The high end governing body should be accountable to the whole organization for their decisions. The high end governing body must set rules and regulations and examples of no malpractices , and should not be involved in any kind of frauds GOVERNANCE Governance is the related with the decision making or setting up rules or policies or framing standards for the organization that each every employee needs to follow. MANAGEMENT On the other hand management is related to all the administrative work of the organization, managers make sure that all the rules and regulation made by the governing body are being followed properly. Governance consists of a governing body, or people interested in the affairs of the organization (shareholders). They are a high end power that comes prior to everything. Whereas management consists of middle or subordinate level of employees that comes on second after governance. They need to follow all the orders of governance. As said above governance makes policies, rules and regulations for the organization as whole. These policies, rules are made to take the organization to its objectives. On the other hand management is only concerned with implementing those rules and polices and to make sure that these sets of rules and policies are doing well in order to achieve objectives Governance can be said as more important than management , as it is done by the governing body and all the core decisions are finalized by them Management may not be as important as governance but in absence of an effective management , government alone cannot do anything Governance is only concerned with achieving of objectives , the high end authority may set up the objectives only But it is the management that allocates appropriate sources to required areas in order to achieve those objectives. Conclusion By gathering and observing all the given facts and statements a brief conclusion is written over here , Governance and Management are somehow co-related to each other and they cannot perform well in the absence of one another. Governance do hold an up hand but that doesnt means management is of low importance. Hence both governance and management are important for a sound organization. Bibliography Blog, M. (2010). Functional Management. New York: MPublishers. Fayol, H. (2012). Principles of management. New Delhi: Jissa Publishers. GRP. (2014). GRP SOURCE BOOK. In Gandyol (Ed.). New Delhi: World Hust. Gupta, P. (2007). Institute of indian chartered accountants. ICAI. King, W. (2013). Business Organisation. Journal on Business Management , 10-23. Nayyer, C. (2011). Governance of ' World (5th ed., Vol. 1). (H. Chanda, micheal, Eds.) New York, USA: ADV MDG Publishers. Rana. (2011). Management of Organisation. Choudhary Publishers. Taylor, F. (2011). Management. (f. taylor, Ed.)Scientific Management , vol.2, 21-49.