Functions Of Management

The way mangers delegate their responsibilities and duties can have a major impact on the four functions of management. Without proper allotting of tasks and functions, the management functions won't operate properly. My company was bought acquired several years ago. Just now management is no longer in upheaval and the four functions are starting to take form. After years of management confusion There are four functions of management are needed to run a successful business or organization. They are planning, organizing, leading, and controlling. In the upcoming sections you'll see just how these functions work accordingly as a whole to produce

Planning: The act of identifying goals and objections and then selecting the appropriate course of action needed to obtain these goals. Planning is done mainly be senior management. The accountant works with the managers to set forecasts that will best suit the company's needs. My company is also a big R & D facility. We've just had week long training sessions on the new product development strategies that will be implemented in the next fiscal year. This was planned by the CEO of our company and of course executed by the directors under him. Major planning went into this along with major research.

Organizing: This is the act of putting together a strong organization. This function deals a lot with Human Resources. Mainly hiring people, creating adequate work environments, generating job requirements/responsibilities, etc...The Company I work for does a great job organizing. In fact, all of the managers responsible for hiring have to attend numerous workshops presented by my company on how to "hire the best and accept no less." Making sure that HR does a high-quality job in hiring and accepting applications is key to this company. Much emphasis is put on hiring and retaining the best people. When it comes to retaining employees, my company works hard to provide benefits and bonuses that other companies might not offer. My company realizes that a great product is built with great technology but that technology cannot be efficiently utilized if there are not people willing to build up that technology.

Leading: This speaks for itself; encouraging the organization to strive to their best to meet expected goals and forecasts. Leading at my company is a bit more complex than the other functions. Three years ago we were acquired by our current company. Directors were laid off and even the general manager of the company was demoted to a middle manager. Even the human resources supervisor was asked to leave. Because of the lack of management our company suffered tremendously. Employees lost all moral they once had and the once promising future that we did have didn't look so promising anymore. This all changed when the president of our division was replaced. With the new president came exciting things