Functions of Management

Topics: Management, Planning, Corporation Pages: 2 (636 words) Published: January 22, 2014


Abstract
Deciding on how to manufacture CleanUp Buddy is relatively easy due to AL TechVenture's partnership with iRobot Corporation, giving iRobot Corp. the responsibility to manufacture the technology and leaving AL TechVenture with the task of the product's final assembly as well as the packaging, marketing, and distribution activities.

The 4 functions of management are: planning, organizing, directing, and controlling. Planning is the starting point from which the other three are built and based on. This is the part of the process where management evaluates the company's goals and the steps needed to reach those goals. Managers must establish goals, indentify resources, set tasks according to their goals, set deadlines, and even create alternative solutions for in case an unforeseen factor affects their plans. Managers then move on to organizing. They assign the resources identified during the planning stages to each goal established and give them their tasks and deadlines. They divide up the work that needs to be done, determine the departments who will carry out the work, and then delegate the work to these departments and give them their responsibilities and deadlines. Directing is the process of managers leading and motivating resources into completing their objectives and goals. This requires the ability to communicate effectively and the ability to read personalities and knowing how to address certain personalities. Controlling is the function of management where managers assess what's been accomplished of the goals they have established as well as determine what factors kept the goals from being completed. From there, they would need to provide a way to eliminate these causes as well as provide a new or improved course of action. With my limited partnership with iRobot Corporation signed for the next 6 years which gives them the responsibility to manufacture the technology for CleanUp Buddy, I do not need to...

References: Norman, L. What Are the Four Basic Functions That Make Up the Management Process? Small Business, Demand Media. Chron.com. Retrieved from http://smallbusiness.chron.com/four-basic-functions-make-up-management-process- 23852.html
McQuerrey, L. The Basic Steps in the Management Planning Process. Small Business, Demand Media. Chron.com. Retrieved from http://smallbusiness.chron.com/basic-steps- management-planning-process-17646.html
Sawyer, L.B. (1998, August) 10). When the Problem Is Management. Internal Auditor 55(4), 33. Kao, C. (2005, April 15). Development Path of Manufacturing Firms: An Empirical Study. International Journal of Research 43(8), 1573-1586.
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