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Describe the functions of managers

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Introduction

Task 1 Describe the functions of managers Good management and leadership are critical for organisations to function and also for the organisations to thrive. When organisations are well managed just like Barclay, they can operate effectively and they can operate efficiently. Managers have very good and clear plans, mangers have organised structures, systems, and they also evaluate results. When organisations are well led, they adapt to changes in the environment and develop cultures that inspire commitment and innovation. Both good management and good leadership are necessary to sustain organisational performance. Mangers are responsible for getting work done usually through other people; the term manger may also refer to a number of different people within a business. Some job titles include the word manager, such as a personal manger or managing director. Other jobholders may also be mangers even through there titles do not say it. * Mangers act on behalf of the owners - in a company, senior management are accountable shareholders * Mangers set objectives for the organisation, for example, they may decide that a long-term objective is to have a greater market share than all of the company's competitors. ...read more.

Middle

* Barclays mangers set up objectives * Barclays bank makes up smart plans to achieve set objectives. * Manpower planning * Production budgets * Cash budgets * Sales targets Organising Mangers set task, which need to be performed if the business is to achieve its objectives. Jobs need to be organised within sections or departments and authority and authority needs to be delegated so that jobs are carried out. For example: the goal of a manufacturing company may be to produce quality goods that will be delivered to customer on time. The tasks such as manufacturing, packaging, administration, etc. that are part of producing and distributing the goods, need to be organised to achieve this goal. For example in Barclays within Barclay's managers, supervisors must lead the employees with the delegated job. After mangers have prepared plans, they must translate those relatively abstract ideas into practice reality. Organising is the processes of creating a structure of relationships that will enable employees to carry out management's plans and meet organisational goals. By organising effectively. ...read more.

Conclusion

The process by which person group or organisation consciously monitors performance and takes corrective action this is called controlling, another example would be that Barclays finance department will be controlling and monitoring customers transactions, etc, etc and they will keep a history and they will keep a record file of that customer. Management control system sends signal to managers that things are not working out as planned and that corrective action is needed. * Barclays bank monitor and measure what is being archived in each of their department. * Barclays control, monitor there sales performance. * Barclays control and monitor their cash flow against their budget. Leading After management has made plans, created a structure of work practice, and hired the right personal, someone must lead the organisation, leading involves communicating with and motivating others to perform the tasks necessary to achieve the organisations goals. Leading is not done only after planning and organising end, it is a crucial element of these functions. ?? ?? ?? ?? AS Levels:~ Business Studies Unit 2: Business and Management Razaul Islam Page Number: 1 ...read more.

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