Functions of Management Paper
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Functions of Management Paper
In my personal opinion Management plays a strong rule in Companys performance. The most important responsibilities of management are to plan, organize, lead and control despite of their level or status. Below are the four most important functions of management.
Planning
Planning is the basic function of management. A manager must know their department goal in order to plan properly. A goal cannot be achieved if there is not any proper plan. Planning is deciding in advance how to do, when to do and what to do. A plan is a future action which tells you where we are and where we want to be. Proper planning helps management achieve their goals. It also, helps employees understand their rule and their managers expectations. A future goal cannot be accomplished if there is no plan.
Planning plays a strong rule in management as it provides a solid goal to the rest of the team and it helps utilize of human and non-human resources. It is an excellent tool as it improves efficiency, reduce cost and reduce confusion. Based on my personal experience Company without proper plan cannot compete with other companies as it does not know what the company goal is, where the company stands and what needs to be done in order to achieve the goal and compete with other successful companies.
Organizing
In order to achieve organizational goals Management must bring financial and human resources together. According to Henry Fayol, “To organize a business is to provide it with everything useful or its functioning i.e. raw material, tools, capital and personnels”. Organizing a business is to determine human and non human resources to organization team. Process of organization is task delegation, task identification, assignment duties, authority coordination and group activity classification.
Leading
Despite of the business size leading is one of the most important parts of management function. Every employee follows their managers instruction as they consider them as a boss; therefore a manager should be a good example for the rest of the team. A good manager brings positive attitude and inspires the team. Employees follow inspirational manager which is beneficial to the company. In order to succeed and achieve companys goal management must find new ways to coach and motivate their employees.
Controlling
Controlling is following up whether or not the task has been completed per standard. In order to ensure management goal is achieved the management must ensure the efficient utilization of organizational resources. Controlling helps with coordination and planning. Controlling and planning are related to