Four Functions of Management Important

The following example essay focuses on the four important functions of management. Read the introduction, body and conclusion of the essay, scroll down.
In the process of collaborating people and resources to execute company objectives, management strategies these four elements to make the superlative use of materials, time, money, and skills. Planning, organizing, leading, and controlling are interdependent core elements of successful management. Planning Planning delivers a strategic value through the specification of goals and the outlining of pertinent actions for achievement.

Value is understood as the monetary gain associated with how well the supply (goods and services) meets the demand (user needs) in terms of efficiency, speed, and quality.

Planning can be derived from arioso user sources such as customers, business owners, suppliers, employees, stakeholders, communities, and even whole nations. The objective of planning is to seize opportunities develop, fortify, and uphold competitive advantage. Planning sets the stage for project management (Bateman & Snell, 2009). Planning includes duties such as: 1 . Analyzing current arrangement 2.

Projecting future situations 3. Establishing objectives 4. Activity engagement 5. Corporate strategies 6. Resource management Recently, my company decided to merge with a sister company to blanket more Mounties for health insurance coverage.

My company is currently in the planning phase. The company has decided to merge one department at a time and reassess the scenario for further decision-making. The six step process listed above for planning must be revisited multiple times for the total plan to merge. Organizing Organizing supports the dynamic of an organization through the coordination of informational data, employees, financial accord, physical structure, and company resources.

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A company needs to remain flexible and adaptable to competition and customer needs.

Why Are The Four Functions Of Management Important

Human resource organization strives to attract and retain the most diverse population needed for success (Bateman & Snell, 2009). Organizing management castles entail 2. Job duty specification 3. Departmental grouping 4. Allocating capital company attractiveness 5. Cultivate conditions for maximum success My company uses organization strategies through the human resources department. The human resource department is responsible for departmental divisions and the physical organization of the department’s location in the company’s building.

The unman resources department determines Job duties and coordinating salary according to an alphabetical scale the company has developed. One can tell the weight of Job responsibilities and a general salary range through the A through Z grade of a position. Leading Leading is a motivational position in management that involves close contact with people. Leading is predicated on communication with groups and individuals. Leading takes place in the smallest of teams to the largest of executive staff within an organization.

Leading functions of a manager give employees motivation to come to ark, while the motivation of executives gives managers inspiration to do their Jobs. Leading gets others to contribute their ideas. Leading is to mobile people towards company objectives through guidance and inspiration (Bateman & Snell, 2009). Delegation is a major portion of leading. “Effective delegation frees the manager to focus on managerial tasks such as planning and control” (Lorena, 2008, ‘1 2). My company effectively cultivates leading through regular meetings that encourage the thoughts of employees.

Discussions are focused on in each meeting to give mattes the opportunity for commentary on process improvement. Controlling Controlling is a learning process that monitors tasks, encourages quality performance, and challenges change. In essence, controlling is quality assurance that organizational goals are being meet, safety guidelines are being followed, and company resources are being used effectively and efficiently. Controlling is ultimately about monitoring performance (Bateman & Snell, 2009). In an article titled Pass It On! , the author states, “… We tend to have the mind-set that says, “If you want it done right, do it yourself.

After all, how else can we control quality? ” (Whitman, 2007, ‘1 2). Controlling is ultimately about quality assurance of execution. An effective manager must be able to entrust employees with the workload duties. My current employer has a quality assurance department which is solely dedicated to monitoring the work of employees through recorded telephone lines and regular paperwork audits. Conclusion Management using the following core elements to use employees and company resources to achieve organizational goals: planning, organizing, leading, and controlling.

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Four Functions of Management Important. (2019, Dec 05). Retrieved from https://paperap.com/paper-on-four-functions-of-management/

Four Functions of Management Important
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