Essays on Functions Of Management

Executive summary

The main objective and purpose of this consultancy report were to evaluate and analyze the activities carried out in the Mike Davis business and family and come up with a well-defined management framework regarding planning, organizing, leading and controlling. Moreover, the report also helps the businesspersons to have skills that will enable them to integrate the four principles of management to improve the state of the business at large. The report as well has the mandate of solving the problems that the business is undergoing in both days to day activities as well as over a long term. The ...

In the ever-changing world of business, proper management is essential to ensure that the goals of an organization are met. Managers perform several tasks in their day-to-day running of organizations. These activities are known as the functions of management. Proper implementation of these functions puts the business on its track to ensure objectives are attained. These roles include staffing, controlling, organizing, planning, as well as leading. Several management scientists have discussed them in the world of business. This paper is set to discuss the implementation of these management functions in workplaces. Planning is regarded as the most crucial function ...

Introduction

Managers are constantly making decisions that affect the operations and the bottom lines of the business. Such decisions could include the stocks in which to invest, when to introduce a new product into the market, how to optimize the profits of a firm, how to assign employees to various tasks, and when to venture into new markets. Managers require information to make correct and timely decisions. Managerial accounting and financial accounting are potent sources of the information that managers require when making decisions. Managerial accounting entails the identification, measurement, and communication of the economic information that is needed by ...

Executive Summary

The art of management can be very challenging but with the mastering of the basic principles of management, managers can easily navigate a company into success. Setting a business up anchored on the principles of management enables it to operate effectively with checks and balances. Outdoor Adventure Paintball Park was not set up using the right management principles. For a start, the business was set up without a sound plan on how it was going to operate. As much as the business enjoys some advantages given its strengths regarding resources and location, the business also has some weaknesses that ...

Slide 1

The title of my presentation is “Functions of Management”. Slide 2 Management can be described as a social process that involves responsibility for effective and economic planning and regulation of a company in the fulfillment of certain purposes. It a dynamic process and consists of various activities and elements. These activities differ from operative functions such as finance, marketing, purchase, etc., but they are common to every manager regardless of his status or level. Numerous researchers have classified functions of management in a different way. According to Fayol, for example, there are four functions, but the most accepted are ...

Article review.

Shoemaker, P.J.H., Krupp, S., Howland, S. “Strategic leadership the essential skills”. Harvard Business Review. 02-03 (2013): 1-5.Print.

Thesis statement

The article is dedicated to researching essential skills a strategic leader has to possess. While the scope of the notion ‘strategic leadership’ remains not sufficiently researched (Morill 2), the description of essential skills of a strategic leader can be used to address strategic leadership from conceptual standpoint. Relying on the findings of empirical research in several corporations, the authors of the article distinguish six skills, essential for a strategic leader. They include anticipating, challenging the status quo, interpreting data, deciding, aligning ...

Internal and external factors affecting business management Management in any given business or institution is an act aimed at coordinating the efforts of human resource to meet goal and objectives utilizing and maximizing available resources effectively and efficiently. Management encompasses organizing, planning, controlling, staffing and directing an organization towards accomplishment of goals and objectives set by a given institution.

Planning, leading, controlling and organizing are the four functions of management that a competent manager should complete to ensure that the business is healthy and competing for market space. Organizational success is only achievable through observation of the four functions of management. ...

1. The CEO Role in Management

Imagine that you are the CEO of an organization. Give specific examples of how you would use the four functions of management -- Planning, Organizing, Leading, and Controlling.  How do the functions tie together for a Chief Executive Officer? 

As a CEO of an organization, one has to be involved in the various plans of the company. For example, in designing a marketing plan for a new product, one must decide who will be the person in-charge of the project. One must try to get suggestions as to who should compose the team who will create the ...

Essay 2

Using Kotter’s Functions of Management and leadership model to support your argument, would you rather your direct supervisor be a leader or a manager? Use Kotter’s model as a reference to the specifics of each side (manager or leader). I would like my supervisor to be a leader. Leaders and managers sometimes work towards similar goals; they both influence their subordinates and work towards smooth functioning of the organization and its growth. However, leadership is different from management in various ways. Kotter in his model “functions of management and leadership” describes dissimilarities between leadership and management. The primary function of ...

In the case study, the social worker makes his own unethical decisions of reporting late or leaving early to find time to attend to his ailing wife who suffered a stroke that affected the neurological system. According to the principles of management as stated by Henri Fayol, all employees should subordinate their interest at the expense of the organizational interest. Apart from that, utilitarian theory of ethics stipulates that a moral action that seeks to benefit many and derives maximum utility should be adopted (Barsky, 2010). Accordingly, the social worker should have identified a relative or an alternative person to take care ...

Introduction

Any organization, whether old or new, big or small, needs certain plans, methods, and procedures in place for its effective functioning. For this to take place, they must develop as well as implement management concepts that assist them implement their visions for the organization future. Therefore, an individual who holds an administration position in any organization should think conceptually and strategically in order to accomplish the organizational goals. There are different levels of associates and managers, who operate in a company. Nonetheless, none of these companies will succeed unless they stick to the management guidelines that consist of four functions ...

Introduction

The functions of management expressly describe the jobs of managers. The most commonly noted functions of management are planning, staffing, leading, organizing and controlling, even though some pinpoint additional functions. The functions of management outline the process of management as definite from other business functions such as accounting, marketing, and finance. Management functions are considered as a sphere of actions in which every component leads to the other. Even though the functions can be recognized as independent sets of actions for reasons of analysis, a manager in actual practice should perform these activities in a unified and complex manner within the complete ...

Business Principles

In my lifetime, I have had firsthand experience in business as a subject from various sources. Initially after having finished my high school education, I didn’t enroll for college but spent the last fourteen years of high school, as a debt collector – a profession I have excelled in. I have dealt with business personnel and large business organizations as part of my job, thereby gaining a lot of experiences regarding business and its principles. I have come to learn of this principle from a classroom setting where my experience compliments knew learning in e-business and introduction to business as seen from the ...

Personal Reflection Journal Assignment

In this reflective journal, I have dwelt on discussing several topics that include functions of management, goal setting, delegation of duties, centralization and decentralization, as well as vision and mission statements of firms. These critical areas shape organizations and determine their growth, expansion and eventual success.

Vision, value and mission statements

The vision statement gives a description of how the company would look in the future so that it can remain on a success path (Foreman, 1998, p.22). In developing the vision of my company, I have to keep the aspired future in mind. An effective vision statement has to challenge, inspire the stakeholders, and enable ...

Business

Managers are the leaders of every organization or business. They almost do the same tasks in all businesses. No matter what type of business they manage, their job covers similar tasks such as planning, leading, controlling and organizing. These four tasks portray essential part as well as their keys to be effective in their position. Each one of them is important and may not be well-functioned without the others. Planning is initial logical step towards the right direction (Thomson, 2012). This serves as the guiding plan for every business. This must be long-term and it must adhere to ...

The managers of today has access to unlimited number of resources, but things were not so hundred years back. Thanks to the early management theories which could guide them to develop their management practices . Theorists like Fayol, Taylor, and Weber etc. contributed their efforts in the field of management which made foundations for modern management theories. Henry Fayol (1949), came out with administrative approach of management and he believed that management is an activity which is common to every field of human activities . He is supposed to be founder of classical management school as he was the first one ...

AND GLOBALISATION

Following the American Psychological Association’s Guidelines Every business or organization needs to design an organization structure which has to include planning, organizing, directing, and controlling. An organization needs to manage some driving internal and external forces affecting four functions of management. The main factors affecting an organization are globalization, technology, innovation, diversity, and ethics. They might be either external or internal or both at the same time. Innovations are essential to businesses in a changing world. If a business can follow the changes in market and consumer behaviors, then business can be elastic to adapt itself to ...

This Chris from Apex Management Consultants and our company has been providing consultancy to different small and medium sized organizations since 2008. I have thoroughly studied your organization that how your firm started from one person and have grown up to 5 employees. However with the passage of time, your firm grew in size and customers but it failed to make sure that every customer was satisfied. I am writing you this letter to highlight the issues that you are facing in managing your business and then I will relate these issues with the four most important functions of ...

MANAGEMENT CONCEPTS

Introduction

Management is a multi-use organ that manages the running of business, managers, and works itself. It is a managerial process carried out by managers, who practices leadership by taking authority and coordinating other workers to work within the organization. The manager is responsible in ensuring that he performs all the basic functions of management to their maximum, while achieving the goals, objectives, and ethics in any organization. He should demonstrate well social relationship between his workers and other companies; hence, he cannot assume or ignore the importance of human factor, in the management process. There is need for management in ...

Management refers to the art and science of coordinating the human resource towards the achievement of desired goals using the available resources. The four functions of management are affected by a number of factors that are classified into two broad classes; internal and external factors. Innovation and ethics are but some of the factors that affect the four functions of management. This paper will explain how they affect the functions of management using specific examples.

Innovation

In management, improvement of existing processes is required in order to gain competitive advantage that is a prerequisite for success. During planning, one of the functions ...

The Four Functions of Management

The functions of management are similar across diverse types of businesses. There are four functions of management namely; planning, organizing, leading and controlling. These functions help in achieving the visions and goals of management. They all work collectively to reach the goals set for management and none can function perfectly without the others. The proper functioning of these managerial tasks is the gauge for success in the management function.

Planning is the leading function of management. The manager has to establish the organization’s goals and formulate a way of achieving these goals. These goals are, in most cases, obtained ...

Introduction

The management of a company is vital for its existence and productivity. The four major functions of management will therefore form a fundamental prop in the successful implementation of company policies for a healthy business. This essay develops a thorough scrutiny and analysis into the way a residential air conditioning service and installation company is managed, ran, and the different spaces of interactions of its employees. A major emphasis is laid on the four functions of management; planning, organizing, directing and controlling. The air conditioning and service company is managed by one owner, with five technicians and one secretary. Planning is the most ...

Task

Management has been described as a process that involves the responsibility for an economical and effective planning and regulation of all the activities of an enterprise with a goal of fulfilling a given purpose. Its also defines as a dynamic process that consists of a number of elements and activities that are different from the operative functions such as finance, marketing etc. Different scholars have come up with different functions of management but our discussion will majorly rely on the work of Koontz and O’ Donnel who described the functions of management as Planning, Organizing, Staffing, Directing and Controlling (8). Planning is defined ...

Abstract

Management is defined as the effective act of planning, organizing and making decisions in relation to the goals of the organization. The functions of management are diverse and it is up to the management team to make decisions and support the entire staff team in meeting the objectives of the organization. Managers are assigned the task of ensuring that all the operations of the organization are effectively and efficiently executed by the employees within the organization. The failure of organizations can be linked to the ineffectiveness of managers in accomplishing their obligations in relation to the welfare of the ...

Introduction

Administrative management theory is one of the theories in the classical management theory. Pioneered by Henri Fayol, the theory focuses on management of organizations in the most efficient way for the benefit of the total organization. This theory developed at the same time with the scientific theory of management and it emphasized on the functions of management. The theory “emphasized management functions and attempted to generate broad administrative principles that would serve as guidelines for the rationalization of organizational activities” (Drucker, 2007, p.132). This paper describes the administrative management theory, its initiator and the changes made to allow it ...

Evidence-Based Management in Decision Making Process

The title chosen for my final paper is application of evidence-based management in decision-making process. The topic falls under Part 3 and covers chapter 7, 8, 9, 10 of the course textbook Modern Management: Concepts and Skills by Certo, S. (2009

Planning is one of the key management functions that managers undertake while managing business organizations. Planning entails identifying the organizational goals and objectives, and deciding the appropriate means of achieving the desired goals and objectives. According to Hums (2011), “planning is a process of establishing organizational mission statement, goals, objectives, tactics, roles, and evaluation.” This implies that the process ...

Functions of Management

In any organization, management is a task of organizing and directing people together with an objective of attaining desired goals. Basically, there are four functions of management. These functions are planning, leading, controlling and organizing. As a matter of fact, the roles of managers are uniquely described based on these functions, (Harold & Heinz, 2006). Planning is the first function of management. It determines what, why and how things will be done, and who will do them so as to achieve the set goals. Moreover, it identifies the goals; responsibilities, methods and the duration going to be taken for the ...

Functions of Management

Perhaps, management is the key factor for achievement of organizational goals and objectives both ethically and efficiently. The chief problem of managers is to solve problems creatively. According to most scholars, management is depicted as being entirely a technical activity that engrosses rational quest the most resourceful way of achieving certain goals and objectives. For this reason, many a times, management is depicted as a technical and rational undertaking of ‘planning, organizing, leading and controlling’, (Watson, 2001). Arguably, these bases of management try to give us a clear picture of what being a manager as well as managing is all about. As such, the ...

Managerial context

Managerial roles and styles vary from company to company. This depends on various factors which include the type of company, the managerial level, the resources under one disposal and many others.

Three different managers were interviewed in this case. The managers included a Public Relation (PR) manager in a public relation firm, a production manager in a manufacturing firm and a human resource manager in a media house.

Managers can be at different levels depending on the nature of the company. The different levels determine the chain of command in a given company. There are basically three managerial levels. These include the top, the middle and ...