Functions of Management

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Functions of Management    

Functions of Management


Four Functions of Management

The traditional functions of management and fundamental management practices is challenged by a new way of doing business in an Internet era that has transformed the way organizations conduct business.  The management process consists of four functions planning, organizing, leading and controlling (Bateman & Snell, 2004).  The definitions of the management process remain unchanged while the business world continues to grow and change.  While new approaches are required to be competitive in a global marketplace, the four management functions that have made successful companies succeed remain relevant, useful, and adaptable in a new era business environment.  The following is an analysis of each function, and how each  is applied in my organization.  

The four functions of management are planning, organizing, leading, and controlling. Planning consists of identifying and specifying goals to be achieved, and deciding the appropriate actions needed to be taken to achieve the specified goals.  Planning must analyze and take into account current business situations and environment, the ability to anticipate the future, determine objectives, and what types of activities the organization will engage that correlate to business strategies, and determining the resources needed to achieve the organization’s goals.  These plans identify the steps to achievement (Bateman & Snell, 2004).

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Organizing is the assembly and coordinating of the human, finances, physical, information, and other resources needed to achieve goals (Bateman & Snell, 2004).  When organizing, managers create the structure of coordinating the resources needed that best allows the organization to achieve its goals.  Organizing will specify job responsibilities, break groups into different business units, allocating resources, and creating an environment where people work together to achieve the identified goal.  

The third function in the management process is leading.  Leading is stimulating people to be higher performers (Bateman & Snell, 2004).  Managers who lead determine direction, state a clear vision, ...

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