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

    Taylor felt that, with this clear line and staff organisational structure, productivity would increase because the employee would recognise that higher output would lead to higher pay. Tesco have clearly agreed with Frederick Taylor as they have adopted a similar approach where employees receive pay bonuses depending upon the level of output.

  1. A REPORT INTO HUMAN RESOURCE MANAGEMENT AT SAINSBURY'S

    Apprenticeships In the past, business took on 'trainee' workers. They served an 'apprenticeship' over a period of time, often in a skilled trade to become a tradesperson, such as a carpenter. When they 'qualified' they were made employees of the business. In-house and External training In-house training is where an organisation has its own training department.

  2. 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.

  1. Managing Human Resources in Marks & Spencer.

    On the one hand, a single mother may be able to find work at a convenient time and job sharing could mean employment for two people instead of unemployment for one of them. However, part time workers may be paid less and may be entitled to fewer employment rights than full-time workers.

  2. Building Effective Teams.

    to resolve the problems. In the process of leading a team builder, four steps occur. These steps are: developing the purpose of the team builder; performing the team builder; analyzing the team builder; and concluding the team builder. The first step, developing the purpose.

  1. Organizations must follow four basic functions of management. The four functions of management; planning, ...

    Ideally, in developing an organizational structure and distributing authority, managers' decisions reflect the mission, objectives, goals and tactics that grew out of the planning function (Supervision - Management Moderns, 1998). An organization has the greatest chance of being successful when all of the employees work toward achieving its goals.

  2. The human resource function

    a decline in manufacturing - many of the jobs lost recently were `blue collar jobs' (manual jobs like production lines etc). Sometimes unemployed men want to find a `real' job. Labour Market intelligence for Swansea Age structure of Labour Force West Wales.

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