Holistic Management – Meaning, Features and Advantages of Holistic Management

Holistic Management - Meaning

The Indian Ethos for Management is based on India's cultural foundations and draws its chapters from the nation's religions. The appeal of management concepts revealed in our ancient wisdom stems from holy writings such as the "Gita," "Upanishads," "Bible," and "Quran".

A holistic management approach is a strategy that connects all departments in an organisation to achieve a common organisational goal. Holistic organisations use uniformly identifying materials to connect with customers and their goals. Employees who are aware of and understand the purpose of their work and value of their contributions may be more motivated to perform well at their jobs.

The following are the features of holistic management:

1. Visionary: Organisations set their objectives as a whole and then develop visible, understandable guidelines for completing them.

2. Adaptability and Flexibility: Holistic business approach emphasises on adaptability and flexibility. In the present dynamic world of business, flexibility to adopt change is vital for success of any organisation.

3. Reliable Branding: Businesses with holistic operations use uniformly identifying materials to connect with customers and their goals. The company's logo or motto is displayed alongside their products. A strong colour from the logo can be used to create a distinct colour scheme that is used throughout the office, on business cards and signage.

4. Teamwork: Individual departments and employees in a holistic business approach perform their jobs collaboratively for more than just personal success. A complete understanding of organisational goals includes anticipating difficult situations, which can encourage innovative problem-solving techniques.

5. Long-term sustainability: Holistic management primarily focuses on long term sustainability of the organisation. It aims to ensure that the organisation's activities do not harm the environment and the society.

Benefits of Holistic Management

The following are the benefits of using holistic management:

1. Empowerment enhances Creativity: Employees who are aware of and understand the purpose of their work and value of their contributions may be more motivated to perform well at their jobs. A complete understanding of organisational goals includes anticipating difficult situations, which can encourage innovative problem-solving techniques and alternative solutions.

2. Helps in achieving organisational goal: A holistic management approach connects all departments in an organisation to achieve a common organisational goal.

3. Welcome New Ideas: Incorporating perspectives from various points of view within the organisation helps ensure that a project adheres to organisational goals. With this new insight, employees can devise another plan that meets the needs of each department while adhering to company goals.

4. Performance Analysis: Viewing the organisation holistically can help to identify which members of our team are performing well and which member needs an improvement. For example, suppose a company launches a social media campaign that generates a lower than expected return on investment. A holistic perspective assists the firm in determining that the platforms used to publish the campaign are not reaching their target audience.

5. Enhanced Decision-Making: Adaptability and flexibility in decision making, enhances the decision making capacity of the policymakers. Decision-makers can make more informed and ethical choices.

6. Reduced Risk: Interconnectivity of all departments and other relevant factors, organizations can identify and mitigate potential risks more effectively.

7. Improves Branding: Organisations that operate holistically can strengthen their public image. An electronics company, for example, focuses on the brand goal of innovation. All its employees work to promote the brand in all its markets. Customers recognise all of the company's products as strong examples of innovation when they shop.

8. Legal Compliance: Holistic management approach helps the organizations to comply with various environmental and social regulations and avoid legal cost incurred due to non-compliance of such regulations.