Management(various non-typical intangible assets which can help a Essay

Management(various non-typical intangible assets which can help a manager) - Essay Example It can be noticed that intangible assets of an organization are not things which can be acquired or bought but are rather developed. These are a set of instructions, knowledge etc which along with the tangible assets of the organization, help in running the organization and completing day to day activities. Intangible assets bring a new configuration of the things making it more valuable and accessible. Apart from all the above mentioned intangible resources this paper will discuss managerial intangible resources which a manager draws upon to fulfil his role. This paper discusses and evaluated how intangible resources can be used to legitimise management authority in organizations. In order to do so, the paper describes what intangible assets are and what management is. Later, it discusses what is meant by management and what the connection between management authority and intangible assets is. Management is an art. It is an art of planning, organizing, directing and monitoring. It is an art of managing people. It is also science. Science is how you mange to do all this. It can also be said as an act of directing, controlling, coordinating and harmonizing people towards the accomplishment of a goal. It also comprises of deployment and proper use of human resources, technological resources and financial resources. Those people or groups of people who manage these things are the management. In the late seventies an... Science is how you mange to do all this. It can also be said as an act of directing, controlling, coordinating and harmonizing people towards the accomplishment of a goal. It also comprises of deployment and proper use of human resources, technological resources and financial resources. Those people or groups of people who manage these things are the management. In the late seventies and eighties management was considered as an engineering. Any company was considered as a machine, the managers were the operators and the workers, merely pawns. Today management has a whole new concept (McCrimmon: 2007, n.p). The efficiency in the workers reflects the efficiency of the manager. If the manager is incompetent then the efficiency of the workers does not change, rather in some cases it goes down. Managers take responsibility of what they do. They are creative and analyzing. Managers discover what is unique about a person and then use his unique quality to achieve their goals. The job of a manager is to achieve performance using a person's talent (Buckingham, n.p. 2005). However, in order for the manager to do his job, it is very important for him to have some authority over his employees. This authority is not only given to him by the higher management when he is hired, he also makes use of intangible assets and resources to legitimise this authori ty such as skills and knowledge. A manager has a bird's eye view of the entire system and the entire organization. He is the one who makes use of this knowledge and expertise to not only take strategic decisions, but also prove that he is capable for this position (Buckingham, n.p. 2005). An important part of intangible assets which a manger makes use of is leadership qualities which help him legitimise authority in