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.
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