Corporations are important members of the society as they are responsible for providing substantial input in terms of goods and services as well as adding to the growth of the country as a whole. The employees of a company are the only assets which do not have a monetary figure assigned to them yet the benefit accruing from the continued use of the employees is substantial. In a wide range of industries, the employees are members of trade unions which regulate the way in which organizations hire, fire and deal with employees including workplace conditions and wage rates etc. It is imperative that the organizations and the unions are aware of their roles and responsibilities because a lag by either one would lead to inefficiencies with respect to corporate functioning which would have a negative impact on the economy. The paper also seeks to explore various strategies which could be implemented by both the management and the unions which would allow them to regulate themselves properly as well as encourage the effective functioning of a relationship between the management and the union.
The Role of Management in an Organization
As per the agency principle, the management of the company is charged with the role of managing the affairs of the company in a way which is beneficial to the interests of the shareholders. Therefore, in order fulfill the aforementioned requirement; the management is required to exercise various roles and responsibilities. According to Mintzberg, managers within a company exercise a range of roles which can be broken down into three main categories including:
Interpersonal Roles
As the name suggests, managers within a company need to be good with interpersonal skills and sharing of ideas and information. The roles described under this ambit include: i. Figurehead: A manager must be
References: Cain, R. A. (n.d.). Developing an Effective Relationship with the Labor Union. Retrieved on February 6, 2013 from http://www.usfa.fema.gov/pdf/efop/efo45032.pdf Cieslinska, K. (2007). THE BASIC ROLES OF MANAGER IN BUSINESS ORGANIZATION. Retrieved on February 6, 2013 from http://www.jard.edu.pl/pub/1_6_2007.pdf Lenin, V. I. (1922). Role and Functions of the Trade Unions. Retrieved on February 6, 2013 from http://www.marxists.org/archive/lenin/works/1921/dec/30.htm Lacoma, T. (n.d.). Labor Unions & the Importance in Global Business Communications. Retrieved on February 6, 2013 from http://smallbusiness.chron.com/labor-unions-importance-global-business-communications-18611.html Mintzberg 's Management Roles (n.d.). Retrieved on February 6, 2013 from http://www.mindtools.com/pages/article/management-roles.htm