• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

the functions of Management

Extracts from this document...

Introduction

The Four Functions of Management The process of working with resources and people in an organization to accomplish a goal can be defined as management. Some people manage their own lives the same way they would manage in a business environment. The only difference between personal management and business management would be how the skills are used and who they affect. There are four functions of management: planning, organizing, leading, and controlling. How they are implemented and used in an organization is the responsibility of the manager. I refer to my manager during my internship at Ernst & Young. The first function of management is the planning stage. Planning is the process used by managers to identify and come up with goals and the courses of action for a business. This determines the strategy an organization needs to use for efficiency. Planning is an essential management function. In every organization, managers plan a wide variety of actions on a daily basis. Managers must also look at the long term and day to day operations. A good manager knows how to anticipate a problem and then select a proper procedure to circumvent it. Planning tells you what should be done to accomplish the goals of the company that you work for. Some days I was just on the phone during the internship but I was involved in more planning than I thought I would be. ...read more.

Middle

If needed, managers will have a one on one meeting with selected individuals; making sure that everyone does their part. Managers must appreciate the uniqueness of each person in a work group and must attempt to provide an environment in which the personal needs of each person are fulfilled. A manager's effort to stimulate high performance by its employees is the function of leading (Bateman & Snell, 2007). This seems to be a very logical step in the functions of management. After all you have a company and mangers that have spent countless hours planning for it's success and future, they've identified the various parts of which an employee can successful now they must motivate and encourage that employee so that they might offer the most benefit to the company and it's profitability. Controlling is used to insure that things are going as they should. The control process is cyclical. It builds on planning, organizing and leading. Controlling leads to identification of new problems that in turn need to be addressed through organization of performance standards. Perhaps the plan was not correct, or was not organized enough, or the associates were not motivated enough to complete their tasks in the timeframe allocated. Controlling allows the managers to see loopholes in the process, as well as identify a procedure that works well in one area and can easily be implemented in another. ...read more.

Conclusion

Lastly, managers will analyze how well the business is achieving its goals and if there are areas to improve in, then they will employ a way for improving the business. I suppose , The future of management focuses on leadership. Finding shared values and visions along with the power of information. Participating and learning along with teamwork will help manager and their employees to tackle tough decisions and the increasing difficult business environment. When the focus is on developing and not controlling then the people will adapt to the environment shifts and the effectiveness of the organization will increase. Many of the older traditional styles of management should not completely disappear from businesses today. A combination of the old and new will continue to guide all levels of management in the working world today. The four functions of management have been considered the cornerstone of the analysis of business management. These functions play a critical role in the development of the new and future corporate world. This knowledge has streamlined and reorganized poor processes and has focused on the health of the entire company. Having a combination of strong leadership and controls is what makes it possible for these functions to thrive. And as technology progresses and the economy conditions continue to change, our interpretation of these functions and ideas will change as well. Their application within the business environment will change accordingly with the constant change in the business world. New ideas and theories must take their place and it is said that the only path to success is through innovation. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. Marked by a teacher

    McDonald's. What are the Management functions at McDonald's?

    5 star(s)

    This will help McDonalds be more aware of their problems as well as show them were their mistake were and when they should expect problems. Finance basically controls the cash flow as well as the records, monitoring and preparing plan as well as reports.

  2. Managing Human Resources in Marks & Spencer.

    Feedback based on observed or verifiable data is more likely to influence employee behaviour than feedback, which cannot be supported by firsthand information. It is not always possible to observe employees at work, but you should build occasions to observe their performance into your workday.

  1. Free essay

    The functions of an operations manager

    Not always it is possible to launch a product as soon at is developed or designed. When linking design to facility provisioning these decisions are mostly made on a directorial level which an operations manager can be part of. These decisions involve capital expenditure and must form part of the long-range corporate planning procedure.

  2. Human Resource Planning.

    Interests: In my spare time I make myself useful. I like to stay healthy and fit, l play lots of sports such as football and basketball. I also play snooker. I am sociable too as I go out with friends to different places. At home I enjoy reading books and listening to music.

  1. This report is based on functions of the Human Resource department at HSBC Bank. ...

    This has been the responsibility of the Human Resources department, this shows that the department might need to adjust their strategy and become a little more people focused. Interpreting and using internal staff information to plan future human resources involves finding or giving the right people to the right job.

  2. Performance management - Tesco's needs to mange the performance of its employees effectively if ...

    An employee at Tesco who may have began as an assistant may then feel that he or she deserves a promotion. Thus displaying the desire that an employee then develops after the physiological stage. Once an employee at Tesco has sustained a job for a certain period of time and

  1. Banquets Management

    Space and guest per waiter:- The guest are seated according to the plan which is made according to the room size, shape and number to be accommodated. A minimum space of 4 1/2 ft between each table is allowed for accommodating chairs and space wide enough to make serving easy.

  2. E1: Accurately describe the responsibilities covered by the human resources function in the ...

    The human resources plan is concerned with ways of matching up both supply and demand sides. From the demand side, the organisation of labour will depend on the plans which the organisation has for the future. Depending on their strategy and plans for expansion they may need to recruit more employees.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work