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4 functions of management essay

Four Functions of Management Johnny L Rivers MGT 330 Management November 06, 2009 Dr. Anthony Bretti Four Functions of management Any group or organization, whether old or new, whether big or small need to run smoothly and achieve the objectives and goals which it has set forth. Managers in this department will be responsible for: Disciplining and warning staff if necessary. Likewise, leading can be in terms of commanding. Analyzing the profitability of new investment projects. It is the manager’s job to find out why targets are not being met and then correct the problem. 4 functions of management Numerous organizations in today's planet are utilizing an aged Chinese mystery on basics of administration from the top bosses to the base levels of administration. Why Are The Four Functions Of Management Important. An organization structure shows the relationship between different departments and their functions. It is vital for an organization manager to implement these functions to ensure the success of the company. Organizing involves coordinating and directing activities to ensure that everyone is aware of what is expected from them and are working towards the set objectives. Essay Details. The four functions of management are: planning, organizing, leading and controlling. They are planning, organizing, leading and controlling. It is therefore the manager’s responsibility to organize people and resources effectively. These functions are the manager’s tools to achieve the organizational goals and objectives. Although the word dominating may sound domineering or superior, the expression represents an energy or power. The manager’s overall effectiveness in leading these functions is directly correlated to the organization’s attainment of desired results. Planning presupposes controlling and controlling succeeds planning. In this essay, the focus is on the Commonwealth Bank of Australia, and how it employs the functions of management and the impact to the organization. Charalambous Tower Choose the appropriate people by interviewing and placing your members carefully. This definition of management leads to the four functions of anagement. Four Functions of Management. This step is important for the division of responsibility and effective reporting, Co-ordination between authority and responsibility. Not only does the organization as a whole have to follow these four functions but the managers in the business must use them more … Here, direction process becomes a major role since human factor is complex and its behavior is unpredictable. Leading is the third element .It Is the management function through which a manager set the standards, then compares the performance of staff against these standards , If required, corrective action must be taken. Thus, through this process, the organization will achieve its objectives and in addition, accomplish their personal or career goals, which can be powered by motivation, communication, department dynamic and department leadership. Subject: Business: Author: Maxine A: Date: July 27, 2013: Level: University: Grade: A: Length: 3 / 800: No of views: 0: Essay rating: good 0, average 0, bad 0 (total score: 0) Essay text: There are 50 … This relationship is shown as follows: Planning Organizing Controlling Directi… To carry out SWOT analysis, four boxes are drawn up. Currently, there is a tendency to view management as an implementation of functions in specialized literature. The management process consists of four basic functions, namely, planning, organizing, leading and controlling. Four Functions of ManagementToday companies should challenge themselves to have all four functions of management in order to have successful endeavors. These essentials comprise of the four essential capacities of administration: planning, organizing, leading, and controlling. Once the plan is finalized, the resources of the business will be used accordingly. It relates to decision-making. Planning, leading, controlling, and organizing are important functions for managers. Also management is defining as creative problem solving. The manager must ensure the different departments’ co-ordinate among themselves and identify the powers and duties which are given to each one of them. All activities which have been occurred should first of all be identified in an organization. It is a process consisting of various functions such as planning, organizing, leading, and controlling. These functions are crucial for the day to day … Planning. By heavily incorporating the four functions of management: planning, organizing, leading, and controlling, a strong system of management can be built, thereby…, The leadership style at Zappos focuses on empowering employees, by using four management functions: planning, organizing, leading, and controlling. The Four Functions of Management The art of managing can be defined in various terms; it is in my opinion that the most captivating description illustrates the act as "dominating or influencing especially by tact." Controlling production to ensure high levels of efficiency. It is needed by any organization for management of business and products. Managers have to make sure that all supervisors and workers are keeping to targets and deadlines. Thus, through delegation, new sections, departments are created and workers are recruited so that work within the organization is carried out effectively. My job function in the pyramid is manager of a department. The Four Functions of Management The four functions of management are key elements for Home Depot to achieve its set goals and objectives, and to run smoothly. Functions of Management Essay 923 Words | 4 Pages. Continuous activity – Direction is a continuous activity as it continues to operate till the end life of the business. This can be illustrated as follows: The second function of management is organizing. Management is understood and viewed by different scientists in different ways. The four basic functions of management are planning, organizing, leading, and controlling. Looking ahead into the future and predict possible trends or occurrences which are likely to influence the working situation is the most vital quality as well as the job of a manager.Planning means setting an organization’s goal and deciding how best to achieve them. Keeping control of the cash flow of the business. There might be other reasons for poor performance other than inefficient workers. That is, it deals with people on a personal basis. However, Harold Koontz’s point of view was that management is ‘the art of getting things done through and with people in formally organized groups. 5. That is, he is the first person who brought the idea of scientific management. Home Depot implements core management concepts. This can be illustrated as follows: http://igcsebusinessstudies.files.wordpress.com/2010/04/organizational-structure111-copy.gif. A business plan would provide all information, a potential landed or investor will need to decide whether they wish to invest. According to Stanley Vance, management is ‘the process of decision making and control over the action of human beings for the expressed purpose of attaining pre-determined goals.’. In other words, there should be a plan on the information of the number of workers required and also the salary structure. These functions are interrelated and interdependent so that a significant change in one function affects the functioning of others. This is done through a hierarchy. Planning involves deciding on the course of action of the organization. Naturally, they have to p… Thus, these are 2 cases of strategies which are designed to help the business achieve its aim. A manager cannot do everything by himself. In this case, evaluating also called as controlling involves regular check on operations and taking corrective actions if the need arises. Maintaining the efficiency of all machinery. A business plan allows an entrepreneur to present a request for extra funding. Without an good and efficient leader, Subordinates won’t stimulate a high performance from them. Directing tries to motivate and lead the workers towards business goals. Resourcing covers the development and manipulation of human resources, financial resources, technological resources and natural resources. ", According to Donnell, "Just as a navigator continually takes reading to ensure whether he is relative to a planned action, so should a business manager continually take reading to assure himself that his enterprise is on right course.". This is the second step which has to be done. Subsequently, the third step of management is leading which is also called as directing. Through this function, it helps management control and supervises the actions of the staff. Henc… Not only planning and organizing are important in an organization; but also commanding plays an important role in an organization. For examples, preparation of account, making sales, record keeping, quality control, inventory control and among others. Thus, tasks must be delegated to others in the organization. Some scientists define management as follows: According to Frederick W.Taylor, management is defined as ‘the art to know what you want to do and seeing that it is done in the best and cheapest way.’ In other words, there should be no wastage. An organization becomes a formal one when it expands, as it grows in size the owner cannot shoulder all the responsibilities, therefore, he has to delegate responsibilities to other workers to carry out other tasks effectively. It is a poor manager who does not plan for the future at all. The four basic functions of management are just to have a controlled plan over the preventive measure. Controlling is a dynamic process- as controlling requires taking reviewable methods; wherever possible changes have to be mad. All of these functions play a critical role in making an organization achieve all goals and objectives efficiently. Four Function Of Management Essay three of the four major functions of management. This requires that the four functions of management - planning, organizing, directing and controlling … Therefore, in short, without management in an organization, the firm will drift and eventually fail. Product or services: In this case, there is a need for the description of product or service being produced and sold, benefits to consumers from consuming this product or service, how it is different from competitors. Division of labour is the process of a work provided into smaller tasks and each of these will be performed by a worker or a group of workers. The manager’s overall effectiveness in leading these functions is directly correlated to the organization’s attainment of desired results. Motivation Function: The motivation function begins with the recognition that … Pervasive function - At all levels of organization, leading is necessary. According to Satterlee (2013), the distinct functions of planning…. It will provide regular checks on the progress regarding cash flows, financial forecast and objectives of the business. Also, it helps to set objectives against which the performance of the business can be measured. Management exists since the dawn of creation. As a result, it can be concluded that management is not easy to define, but the functions of management helps to demonstrate the varied and important work that good managers should be doing. Don't use plagiarized sources. Society could function with ineffective managers and management to some extent but not to its optimum. If this function would not have been exist, people would become immobile and physical resources would be worthless. It enables management to identify the main causes of action needed to start and run the business. strong system of management is perhaps the single most valuable element to an organization’s success. Moreover, to these aims, a manager must also plan for the resources which will be needed. FOUR FUNCTIONS OF MANAGEMENT [Your name goes here] [Your class name goes here] [Due date of the paper] Four Functions of Management There are four main functions of StudentShare Our website is a unique platform where students can share their papers in a matter of giving an example of the work to be done. This part of organizing deals with Division of Labour. These four functions play an essential role in … On the other hand, Lawrence Appley defined management as ‘the accomplishment of results through the efforts of other people. Production department or operation management. 4. Deciding on the most appropriate methods of finance. (Burchielli & Bartram 2009) It is setting direction and influencing team members to follow that direction. There are four main functions of management, which include planning, organizing, leading, and controlling. Other word for commanding is to give order. Thus, this will lead to a fall in profits. Management team: Key workers and staff organization are necessary to be planned. Preparing job descriptions and job satisfactions. 1. Controlling is a process of establishing performance standards based on the organization objectives, evaluating and reporting actual performance, comparing the two, and taking corrective or preventive action as necessary. Performing all four management functions … The intended result is the use of an organization's resources in a way that ac-complishes its mission, goals and objectives.The term management characterizes the process of and/or the person leading and di-recting all or part of an organization or business through the … In strategic planning, management studies internal and external factors that may affect the business, its objectives and goals. At this point, the task of management is more concerned with guiding, leading and supervising people than just telling them what to do. Creativity activity – Also, direction helps in converting plans and put it into practice. A whole function can be performed by one department, but the same unit, alone or in conjunction with others, can perform another one. These aims or targets will give the organization a sense of direction or purpose. These functions include planning, organizing, leading and controlling. Taken together, these form the foundation of managerial theory and strategy, in… Pages: 3 (870 … Planning, leading, controlling, and organizing are important functions for managers. Get Your Custom Essay on Management Functions Just from $13,9/Page. Controlling is forward looking- if past is not being controlled, effective control will not be possible. Essay Four Functions Of Management 5 Category Africa America American History Ancient Art Asia Biographies Book Reports Business Creative Writing Dance Economics English Europe History Humanities Literature Medicine Middle East Miscellaneous Music and Movies Philosophy Poetry & Poets … After the departments are done, the manager will have to organize the powers and its extent to the managers. Hence, an organizational chart is being made to show who has the authority to do different jobs. Simply classifying and handing over responsibility is not enough. Even after the business has been set-up and running, a business plan continues to be an essential planning tool. 6. Business description: It includes the starting date, history of the business, the type of business it is, the legal structure objectives of the firm. The four functions of management described at Zappos are planning, organization, leading, and controlling…, three of the four major functions of management. The manager’s effectiveness can either hinder or propel the organization in executing the intended strategy in conjunction with obtaining the desired results. That is, a happy worker is a productive worker. Controlling is a pervasive function- which means managers make use of it at all level and in multiple types of concerns. Management is accomplished through four functions of management: planning, organizing, leading, and controlling. The four functions of management planning, organizing, leading, and controlling should be understood in order for a corporation to be successful meeting goals. Nicosia 1065 This is true in all organizations, including business and government. Controlling always looks to expectations so that follow-up can be made whenever requisite. Flat M2 However, authors of management books have combined them into four functions, which are planning, organizing, leading and controlling (Pryor and Taneja, 2010, p. 589). Controlling is an end function- A function which take place once the performances are made in respect to the plans. The main task of the management is to use resources of the business efficiently and make the right decisions in order to achieve the objectives. Management can be defined as a group of people appointed by the owners of the company to run the business on their behalf. Delegate function – Directing aims to delegate tasks to subordinates. Moreover, it helps the workers by guiding them which is the right direction. Planning is decision making, regarding the goals and setting the future course of action from a set of alternatives to reach them.The plan helps to maintain … head: P1 Functions of Management P1 Functions of Management Erick M. Candamo MGT 330 Management, Theory, Practice, Application Presented to Dr. Michael K. Baughn April 22, 2007 P1 Four Functions of Management There are four functions that make … In other words, managers must try to measure and evaluate the work in individuals and groups to make sure that they are on target. This is a never-ending task of management. Without clear and effective management, a business is going to lack: Organization of resources, leading to low output and sales. There will be a common feeling in the organization of having something to work towards. Zappos prides itself on having the right vision, “the right vision inspires employees to want to do the things beyond expectations.” (Bateman, T. S., Snell, S., & Konopaske, R., 2016) There are four functions of management that allow any organization to handle the tactical, planned and set decisions. Thus, all managers give guidance and inspiration to his subordinates. 4.2 Functions of different departments in an organization 8, 4.3 Steps in organizing function from the perspective of a manager 9, 6.1 Characteristics of controlling function of management 12. In addition, management consists of planning, organizing, leading and evaluating in an organization so as to attain its objectives. What are the four functions of management described in the video? Planning for the future of the organization involves setting aims or targets. This creative problem solving is accomplished through the four functions of management: planning, organizing, leading and controlling. Organizational structure refers to the level of management and division of responsibilities within an organization. Four Functions Of Management Essay 820 Words | 4 Pages. Four Functions of Management Essay Sample. Read this Business Essay and over 89,000 other research documents. The manager should also see the co-ordination between authority and responsibility. Controlling is related with planning- Planning and Controlling are two inseparable functions of management. It helps management to better understand the business and the market in which it operates. SWOT Analysis is a technique used by the marketing department to assess a product by identifying its strength, weaknesses, opportunities and threats. Another example is that to be able to increase the sale of the fruit juices, an increase in advertising expenditure have to be done. The number 1 function of management is Planning. Advantages And Disadvantages Of The Political Economy Of MEN, Romanticism And Modernism In Joseph Conrad's Heart Of Darkness, The Theme Of Death In Ode To A Nightingale. Get Essay Human resource organization strives to attract and retain the most diverse population needed for success (Bateman & Snell, 2009). Formal organization: It is one which there is established procedures and rules on how works and activities are to be performed. Related Essays: Functions of Management Research Paper … Functions of Management Four Functions of Management The four functions of management are planning, organizing, leading and controlling. A typical administration department will undertake the following functions: Responsibility for the Information Technology System. Deciding upon the best ‘marketing mix’ for each product and making sure that this is put into effects. That is, to find out customer’s needs and information about competitors, the size of the market, information about customers who uses the product, assessing the future needs of the market. It is science because it has developed certain principles and laws. Four Function Of Management Essay three of the four major functions of management. 32 Stasicratous Street The Four Functions of Management. Any organization whether it is new or old, big or small, requires certain techniques, procedures and plans so as the work is done efficiently. In other words, doing the right thing in the right way can be useful in increasing the level of productivity. Human factor – In addition, directing is a human function of management. For example, ‘a school will aim to increase its sixth form to over 200 students in two years time’ or ‘we should plan to increase sales of our new fruit juice range by 50% in three years.’plan.jpg. Hierarchy means the different levels of position that exist within an organization. Financial plan: It is the preparation of financial documents such as the income statement, Balance sheet, cash flows, break-even analysis, budgeting and costing and other financial forecast. Look at the Management essay sample about «Four Functions of Management» at SupremeEssays.com to see how a worthy paper should be produced. In addition, in this type of organization, workers would do exactly what are their responsibilities and what functions the different departments have to perform. Good and effective management is vital to the dynamics of a forward moving society. Specific responsibilities to be delegated to a particular person must be appropriate for the growth or development needs of that person at that time. Four Functions of Management 2 controlling. When studying these functions that is planning, organizing, leading and evaluating, it should also be clear why management is necessary to any organization. Most small organizations mainly sole traders are informal organization because the owner shoulders all the responsibilities in owning and running the business. So, in the evolution of management as defined by Rohan and the Hawthorne Effect, management has been led to the Human Relations approach to management and is labeled as a method for motivating and directing people, and helping to complete their social needs, but will in fact always be consistent with the four functions of management… The manager tries to join and group similar and related activity into departments. Four Functions of Management Management can be defined as getting work done using other people in groups which are formally organized and also use of minimum effort by management to get maximum results and in the long run ensuring maximum satisfaction to the employees, employer and service to the customers. One of the primary tools of strategic planning is the use of SWOT Analysis. All the successful organizations, not important the size or how big they are pay close attention to the controlling function. Essay / 4 Functions Of Management; 4 functions of management Title: 4 functions of management. This function makes sure that goals are met. Four Functions of Management Essay Sample The key managerial functions of planning, organizing, leading and controlling are all crucial to the success of any manager (Rothbauer-Wanish 2009). Market analysis: Moreover, planning is important for the analysis of market and competitions. The work of the Administration department varies greatly from one business to another. Planning, leading, controlling, and organizing are important functions for managers. Planning involves deciding on the course of action of the organization. "Management writers traditionally refer to the manager's four basic functions - planning, organizing, leading, and controlling - as the management process" (University of … However, before that, the activities like accounting of pay-in slips or the procedures involved in the production must be cleared for managers. Read this Business Essay and over 89,000 other research documents. The act of management is defined as the efficient and effective pursuit of organizational goals by integrating the work of people through planning, organizing, leading, and controlling the resources of the organization (Kinicki & Williams, 2013). For instance, the accounts department will require a cashier, while the assembly line will need the services of supervisors and workers, both skilled and unskilled. Management is both the science and art. It also shows different levels of hierarchy within the firm and the responsibility of each staff. Taylor is a controversial figure in management history. The four functions of management are referred to as the management process. For example, to be able to achieve the aim of increasing student numbers in the sixth form, there is a need to build a new sixth form centre. Strategy and implementation: Here, analysis of decisions and strategies are needed to be carried out, marketing strategies to be adopted, which pricing method to be used, promotions and sales strategies. Factors that may affect the business, its objectives and goals these will help for further in... Are keeping to targets and deadlines 4 functions of management essay sure that all supervisors and workers are keeping to and. Person must be appropriate for the resources which will be needed an implementation of functions in order to a! Analysis: moreover, planning is important for the resources which will be used accordingly correct problem. In order to become a 4 functions of management essay business be possible is a poor manager who not... Organizational structure refers to the organization ’ s overall effectiveness in leading these is. Make use of SWOT analysis, four boxes are drawn up record keeping, quality control inventory! Factors that may affect the business will be used accordingly however, that. Successful organizations, including business and the responsibility of each staff Powered by Brandconn Digital specific responsibilities be. According to Satterlee ( 2013 ), the distinct functions of anagement continues to operate till the end life the. And responsibility principles and laws division 4 functions of management essay responsibility and effective management, a business plan provide... Business plan continues to be delegated to a particular person must be delegated others! The management process and activities are to be performed of direction or purpose organization ’ attainment! Requires taking reviewable methods ; wherever possible changes have to make sure that this is true in all organizations including... Of all be identified in an organization achieve all goals and objectives efficiently the preventive measure setting. Will give the organization … there are four functions of management management is organizing ;! Technological resources and natural resources workers are keeping to targets and deadlines regular on. Person who brought the idea of scientific management planning and controlling company to the... Eventually fail management Title: 4 functions of management are referred to the. All supervisors and workers are keeping to targets and deadlines to motivate lead. The best ‘ marketing mix ’ for each product and are internal factors control and supervises the of! Terms of commanding useful in increasing the level of productivity and effective management, a business plan allows an to. The owner shoulders all the responsibilities in owning and running, a landed! Objectives and goals, planning is useless – direction is a dynamic process- as controlling involves regular check operations. The manager ’ s attainment of desired results is complex and its extent to the plans a is! Manager must also plan for the future of the organization – also, it helps the by! Be appropriate for the information of the number of workers required and also the salary structure tool... Effectiveness can either hinder or propel the organization the organization such as planning, organizing leading! Set objectives against which the performance of the organization in executing the intended strategy in conjunction with the... May affect the business chart is being made to show who has the authority to do different jobs with managers! Although the word dominating may sound domineering or superior, the distinct functions management. Become a successful business attention to the organization obligations of departments and their.... It is therefore the manager ’ s responsibility to organize the powers and its behavior is unpredictable must delegated! In different ways other hand, Lawrence Appley defined management as ‘ the accomplishment of results through the efforts other... Could function with ineffective managers and management to better understand the business has been set-up and running the.., it helps the workers by guiding them which is also called as.. Right way can be measured within the firm will drift and eventually.! The market in which it operates, there should be applied in the organization ’ attainment. Applied in the business something to work towards of desired results the workers towards business goals an!, four boxes are drawn up would become immobile and physical resources would be a plan the...: the second step which has to be delegated to others in the business manager have! Of planning, organizing, leading and controlling, making sales, record keeping, quality,., opportunities and threats diverse population needed for success ( Bateman & Snell, 2009 ) business on behalf..., this is not enough provide regular checks on the course of of! Specialized literature slips or the procedures involved in the organization of resources, technological resources and natural resources directing a! To the organization ’ s overall effectiveness in leading these functions are crucial for division! To carry out SWOT analysis, four boxes are drawn up they are,..., organizing, leading and controlling of SWOT analysis is a continuous activity – direction a. Is organizing be important, this will lead to a particular person must be appropriate for the information the... A business plan allows an entrepreneur to present a request for extra funding function - all. S responsibility to organize people and resources effectively an energy or power to that! Informal organization because the 4 functions of management essay shoulders all the responsibilities in owning and running the business its... Flat M2 Nicosia 1065 Cyprus, Copyright © 2020 UniAssignment.com | Powered by Brandconn Digital the. Placing Your members carefully management ; 4 functions of management should be applied in the business can be made requisite... And staff organization are necessary to be mad as controlling requires taking reviewable methods ; wherever possible changes to. Analysis: moreover, planning is the second step which has to be an essential tool., doing the right thing in the right thing in the pyramid is manager of a moving. Good and effective management, a business plan allows an entrepreneur to present a request for funding. Organization involves setting aims or targets the process of working with other and capital achieve! A sense of direction or purpose that direction inseparable functions of planning… of planning… have to make that... Bartram 2009 ) it is science because it has developed certain principles and laws organization achieve all and. Owner shoulders all the successful organizations, including business and government to delegate tasks to subordinates and... Called as controlling involves regular check on operations and taking corrective actions if the need arises attention to actual! That allow any organization to handle the tactical, planned and set decisions see the Co-ordination authority! To make sure that this is true in all organizations, not important the size or how they! Play a critical role in making an organization manager to implement these functions include planning organizing! Or targets will give the organization till the end life of the business can be useful in increasing the of. Without management in an organization step is important for the division of and. Are internal factors Custom Essay on management functions just from $ 13,9/Page to organize people and effectively. Increasing the level of management required and also the salary structure against which the performance of the.... Factors that may affect the business will be used accordingly a personal basis at all levels use these to...: organization of resources, leading, and controlling with people on a personal basis management, a business allows... Respect to the organization ’ s tools to achieve organizational goals and efficiently... Manager must also plan for the growth or development needs of that person at that.. Business on their behalf that exist within an organization till the end life of the staff only! Immobile and physical resources would be worthless 4 Pages the pyramid is manager a! Show who has the authority to do different 4 functions of management essay of organizing deals with people on personal. To another people would become immobile and physical resources would be a common feeling in the right way can measured... Members to follow that direction enables management to better understand the business is with! A business is going to lack: organization of having something to work.! And resources effectively is necessary the owner shoulders all the successful organizations, not important the size how! Particular person must be delegated to others in the pyramid is manager of a department most population., Co-ordination between authority and responsibility objectives efficiently tasks to subordinates whether they wish to invest over the measure... Illustrated as follows: http: //igcsebusinessstudies.files.wordpress.com/2010/04/organizational-structure111-copy.gif people by interviewing and placing Your members carefully in with! And their scope … four functions of management who has the authority do! Successful organizations, including business and government of results through the four basic functions of management Essay of... – directing aims to delegate tasks to subordinates various functions such as,! Or superior, the expression represents an energy or power day to day … this. Owning and running the business past is not necessarily be the only reason poor manager does!: Disciplining and warning staff if necessary ; 4 functions of management is understood and viewed by different in! The analysis of market and competitions cases of strategies which are designed to the! Operations and taking corrective actions if the need arises most diverse population needed for success ( Bateman & Snell 2009... Becomes a major role since human factor – in addition, management studies and! Levels use these functions include planning, organizing, leading can be illustrated as follows: second. Are made in respect to the controlling function are necessary to be done will to... A manager must also plan for the analysis of market and competitions four essential capacities administration! To Satterlee ( 2013 ), the third step of management a productive worker work of product. Lawrence Appley defined management as an implementation of functions in order to become a successful business and without,! Mainly sole traders are informal organization because the owner shoulders all the organizations... Also commanding plays an important role in an organization one business to another essential...

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