| The 5Ms (Men, Materials, 
                    Methods, Machines, 
                    Money) essential for sustained business success are 
                    all inextricably linked, but the central thread connecting them all 
                    is people. The statement "Our people are our greatest asset" helps 
                    to manage people in the organization effectively, efficiently 
                    and economically for the sustained success.  And these people are to be managed in such a way that 
                      the organization survives forever on profitable lines. Then what is 
                      meant by `manage the people'? Well, it is nothing but management. If 
                      we examine the word `Management', we find three words hidden in it, 
                      i.e., `manage', `men', `t'. Then what is `t'. It stands for tactfully. Let us 
                      first understand what is meant by `tactfully'. The dictionary 
                      meaning of tactfully is the skill and sensitivity in handling the 
                      people or in other words, it is a sense of what is good and suitable way to 
                      deal with others.  Different people have different interpretations and notions 
                      about what exactly tactfully means. To few it is strategy, and to others it may 
                      be politics, grouping, rule book, love and affection. If you have any 
                      other word, you can perceive it in your own way.  A strategy is a plan of action which deals with giving 
                      direction, coordinating, and providing a decisional framework. Strategy 
                      is different from tactics in real sense. When we deal with 
                      military organizations, the term tactics is the answer to how to fight and win, 
                      and whether it should be fought at all is a strategy. But in management, 
                      both strategy and tactics are used interchangeably. It has been observed that employers/superiors use 
                      different strategies/tactics to manage people in their organizations. Let us see 
                      the most common tactics used to manage people in an organization. |