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

In order for a business to be successful in the world today, they should possess all four of the functions of management. These four functions are planning, organizing, leading, and controlling.

Extracts from this document...

Introduction

Functions of Management Management: Theory, Practice, and Application MGT/330 Introduction In order for a business to be successful in the world today, they should possess all four of the functions of management. These four functions are planning, organizing, leading, and controlling. It is important that all of these aspects of management be understood to enable a business to be successful at meeting their goals. Examples of performing these four functions are planning by delivering a set of values that are strategic, organizing by building an organization that is dynamic, leading by being able to mobilize people, and controlling by making changes and learning. All of these can successfully be carried out through communication and decision-making. Planning Planning is setting goals to be put into place to be reached. The correct courses of action that will be taken to meet these goals and to determine how the goals will be accomplished are decided in advance. Bateman and Snell (2009) ...read more.

Middle

Organizing can be used to build a team of managers that can effectively use resources that can provide a business with the competitive edge, and enable the business to provide complete customer satisfaction. At Spirit Manufacturing, the mid-level and lower-level management work together, to organize the goals that are set by the top-level management. These goals include the style, type, and design of the products. The lower-level management will inform the employees on how these goals are to be carried out to satisfy the requirements of the top-level management. This is done through a process known as leadership. Leading Leading is being able to effectively and successfully communicate with, and motivate employees, groups, or people that lead to a higher level of performance by inspiring the employees that work in a business. Leading requires that management work in close contact with their employees. Working in close contact with the employees will help the management team to guide and inspire the employees in the right direction to accomplish the teamwork, and organizing the goals. ...read more.

Conclusion

At Spirit Manufacturing, the managers have to implement changes to the style, type, and design of the products, as these changes are needed. The managers may also have to adjust the price of the products to be able to meet the goals that they have set for the business. The managers can look at the past marketing strategies, and are able to make cost effective changes that will enable the business to meet the goals. Conclusion To implement the four functions of management, businesses can use technology to aid them in this task. By using the four functions of management, managers will be able to obtain the knowledge that is necessary to having a competitive advantage when it comes to customers, suppliers, and others. It is important for any manager to have a thorough understanding of the four functions of management to ensure that a business is successful in meeting the goals that have been set for that business. Rodacker (2006) stated, "Effective communication is the key to planning, leading, organizing, and controlling the resources of an organization to achieve its stated objectives. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our University Degree Management Studies 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 University Degree Management Studies essays

  1. business functions

    This is also viable because it means if a flight has to be cancelled or severely delayed then the next available flight isn't that long after this one going to the same destination which maximises convenience for the customer in meeting their demands and helps improves their customer service reputability.

  2. Innovation For Business Success. It is possible to be innovative in both large ...

    "We go to all new media, attached to our traditional 'main machine' of book development and production, and it doesn't always work as effectively and quickly as we would like" (Gus Balbontin). How Lonely Planet goes about developing new internet based services is currently adapted from how it develops new

  1. General Management - organisation, leadership and theories.

    Do you need special training? If so, research the schools that offer the kind of training you need. What kinds of experience will you need to be successful in the career? Consider an internship as a way to get work experience in the career field.

  2. Personal Development Planning

    I believe to be one of them. As it appears from the "Managerial Grid Questionnaire" and the Leadership style (Appendix F and G), I tend to be a good team leader.

  1. Change Management

    Although it seems that strengthening the driving forces is the most preferred route but the analysts show a concern that taking a strategy for the strengthening of forces can develop counter forces that include employees concerning about the new targets as a standard expectation and the related tiredness.

  2. Management functions case study. This paper aims to present S.C. DECO PLAST S.R.L., a ...

    DECO PLAST SRL is a small-sized enterprise, having 22 employees (in 2011). According to the CAEN Code No. 4690, the basic activity of S.C. DECO PLAST S.R.L. Bucharest is classified as " Non-specialised wholesale trade". This class includes wholesale of a variety of goods without any particular specialisation.

  1. International management.

    research found the average or mean for countries used in his research is 51. Relating this back to the report countries this means that Japan with a rating of 54 and Spain with a rating of 57 are placed in moderate power distance cultures.

  2. Different Types and Purposes of Business Communications.

    The longer the distance , the greater are the chances of communication distortion or failure. Therefore an efficient organization often provides for an informal contact outside the usual channels of communication. GRAPRVINE OR INFORMAL COMMUNICATION : Every organization has an informal communication channel : ' a Grapevine' , this supplements the official channel.

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