Functions of Mangement

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Functions of Mangement

By | August 2010
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Functions of Management
To understand the four functions of management, it is first important to understand the meaning of management and its purposes. Management is “the process of working with people and resources to accomplish organizational goals” (Bateman & Snell, 2009, p. 19). Management is important in an organization for the reason that it keeps it under control with its functions of planning, organizing, leading, and controlling. It also has an epact on the employees by providing them with professional knowledge and abilities for their career success. Planning

Management is broken down into four main functions, which are planning, organizing, leading, and controlling. The first function planning, this is the function of making decisions about an organization goals and activities that will be pursued. The planning function of management is has three main components. The first component “beings with managers determining the organizational goals” allows them to set a well planned action for the organization. They then “develop a comprehensive strategy for achieving those goals.” Finally, they “design tactical and operational plans for implementing the strategy” (Ebert & Griffin, 2005, pg. 144). The planning process for management is essential for the reason that without this function an organizations future will not exist. With the planning function of my organization I look at my external environment and communicate with my business coach to evaluate my planning process that will lead my business into the future.

Organizing
The next function of management, which is organizing, is “the assembling and coordinating human, financial, physical, informational, and other resources needed to achieve goals” (Bateman & Snell, 2009, pg. 19), can be done by managers acquiring the right employees, setting up the training process for employees, finding resources, etc. As a business owner and head manager this management function is one of the most important...

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