...Separation of Ownership from Control 3. What is a difference between an employee and a manager? A. Employees are responsible for providing vision and leadership B. Employees hold each other accountable for success of the business C. Employees have decision making authority over the organization’s resources D. Employees perform the many jobs to make, facilitate, and sell a product Correct : Employees perform “the many jobs necessary to make and sell a product” (Jones, 2007, p. 82).The main difference between managers and employees is that employees provide direct work for the business, rather than the leadership and oversight of resources. Materials The Role of the Employee 4. Jones (2007) describes a three-stage business plan used by managers. Which of the following is one of the stages? A. Assembling raw materials into finished products B. Calling...
Words: 2220 - Pages: 9
...Introduction …………………………………………………………… 1 Purpose …………………………………………………………… 1 Scope …………………………………………………………… 1 Methodology …………………………………………………………… 1 Assumptions …………………………………………………………… 1 Limitations …………………………………………………………… 1 Background …………………………………………………………… 1 Plan …………………………………………………………… 1 Discussion …………………………………………………………… 2 Planning …………………………………………………………… 2 Organisational Goals ……………………….. 2 Strategic Planning ……………………….. 2 Leading …………………………………………………………… 3 Transformational Leadership .………………………. 4 Conclusion …………………………………………………………… 4 Recommendations …………………………………………………………… 5 References …………………………………………………………… 6 1. Executive Summary The purpose of this report is to advise Company X’s Chief Operating Officer (COO) how the effective use of the planning and leading functions can be utilised to ensure innovative values and practices are occurring within the organisation. The report was commissioned by the COO following the acquisition of a new business that lacked formalised planning and consequently the sales and profitability of the business had been in a decline over the past three years. In Item 3 the report examines innovative values and practices in the context of the planning and leading functions, and specifically, how the effective use of formalised planning processes can create an innovative environment. The positive impacts of strategical planning that incorporates human resource management and a formalised educational program are then analysed...
Words: 2754 - Pages: 12
...Leading Change for Strategy Execution Dr. Robert S. Kaplan Baker Foundation Professor, Harvard Business School Executing strategy: Senior executives’ #1 issue The Balanced Scorecard: The Central Component in a New Strategy Execution Management System Private Sector Organizations Financial Perspective "If we succeed, how will we look to our shareholders?” Customer Perspective "To achieve our vision, how must we look to our customers?” Process Perspective "To satisfy our customers and shareholders, at which processes must we excel?” Non Profit and Public Sector Organizations Mission (Customer) Perspective “How do we have a social impact with our citizens/constituents?” Support Perspective “How do we attract resources and authorization for our mission?” Process “To have a social impact and to attract resources and support, at which processes must we excel?” Learning & Growth “How do we align our intangible assets to improve critical processes?” Learning & Growth “How do we align our intangible assets to improve critical processes?” Financial “How should we manage and allocate our resources for maximum social impact?” 3 Palladium Balanced Scorecard Hall of Fame for Executing Strategy® : By Industry 2000-2010 The Management System for Strategy Execution Links Vision and Strategy to Operational Excellence 2 TRANSLATE THE STRATEGY DEVELOP THE STRATEGY • Mission, Values, Vision • Strategic Analysis • Strategy Formulation 1 • • • • Strategy...
Words: 3753 - Pages: 16
...Factors Team Paper Preparing for internal and external factors play a huge role in the success of a company like Amazon. A well-implemented plan takes into account all facets, realizing them when needed. Internal factors are controllable within the walls of the enterprise such as procedures and policies, the culture of the business, and compensation. External factors define the uncontrollable components beyond the companies’ authority; competitors, the market force, regulation set forth by government agencies, the economy and customers. Internal Factors Leading Function of Management The leading function of management means to lead the organization; strategizing a continual plan that takes into account both internal and external factors for when they may need implementation. Amazon continually updates their future plans and possible markets. Amazon has not remained stagnant internally. Uniquely qualified in the internet market to sell goods they excel by leading the company to exponential growth through those opportunities. Controlling Function of Management Competent controls achieve the realization of managerial plans and strategies. The controls or policies for an organization accomplish their goals. They create the results of the organization by directing employee efforts. A breakdown in effective controls defeats managerial plans; inadequate controls have the same effect. The shipping of products offered on Amazon represents the control kept within the company....
Words: 1334 - Pages: 6
...of Management Managers work with people and resources to attain goals. Good managers attain goals while using resources effectively. Management consists of four functions; planning, organizing, leading, and controlling. The example organization used to link the four function of management is Advanced Oilfield Services, Incorporated (AOSI). This company is a service provider in the natural gas industry. With this new industry, most companies must set goals and follow the functions to achieve them. Planning According to the Encyclopedia of Management, planning is the function of management that involves setting goals and establishing a method to achieve the goals. Planning is a process and entails many stages. Recently, AOSI performed an environmental scan of the natural gas industry. The forecast for the future shows that customers will want a way to prove that everyone involved in the field has proper training. AOSI set goals to ensure employees have the proper training and to create an employee identification badge for proof. AOSI reviewed many methods with the best involving an excel spreadsheet to track the training and an employee badge computer program. Management implemented these methods and lead appropriate personnel for success. Management controls this plan by checking the spreadsheet after every training class to verify receipt of proper training. The customer is aware of the methods and can ask an employee for the identification badge at any time. Organizing ...
Words: 780 - Pages: 4
...Leading High Performance Teams – Larry Allen For our organization to become and remain successful, our teams must perform at a high level. We are committed to empowering and equipping our teams to successful, to become high performing teams. This approach is outlined well by Howard M. Guttman, in his article in CEO Magazine, Leading High-Performance Teams – “Horizontal, high performance teams with real decision-making clout and accountability for results can transform a company” (Guttman, 2008). Individuals perform better when they a part of a high performing team, and high-performing teams make successful organizations. Our organization’s application of Guttman’s concept of horizontal teams, are staff functioning not as hierarchical groups, but organic cross-functional, high-performance teams. As a new manager, you are leader not of only those that report to you, but you are a though leader. Think of yourself as a leader who happens to have people reporting to you, because that is exactly what your new role entails. Your first few days as a new manager can be a little intimidating, but be assured you’re not alone. Perhaps you can recall your first few days of high school. Those beginning days were likely not very productive. Most of your time, energy, and focus was probably spent figuring where your locker was, how to get to class, and not doing something to embarrass yourself. Likewise, the early days of leading your new team can be equally unproductive as team...
Words: 1013 - Pages: 5
...Career Development Plan Growth is a Must 2014 to 2023 Growth is a Must Executive Summary “If you’re not growing, you’re dying” ~Anthony Robbins The quote above by life coach Tony Robbins, though extreme, is true and applies directly to my career development plan. Due to my work ethic and unique skill set, I have continually been given growth opportunities and in the past four years I have risen from a newly hired Sales Account Manager to Manager of Finance and Administration. My focus on constant growth, taking advantage of my strengths as I face new opportunities, and by knowing my weaknesses as difficulties come up, I will continue to be successful and bring value to the company. The following pages outline my career development plan for the next ten years. This plan will outline the specific path that ultimately leads to being the Chief Executive Officer. Each step along the way will be outlined with its specific rationale and timeline for completion. As you go through this plan you will see how my current strength in cross-functional leadership, as well as others, will be exercised and how my current weakness in finance, and other areas, will be addressed. Plan at a Glance 1. 2. 3. 4. Personal Assessments Areas of Strength Areas of Improvement Career Development Plan a. Master of Business Administration b. On the Job Training c. Human Resources d. Board Membership e. Master of Science in Accounting f. Succession g. Necessary Changes 5. Appendix A: Assessment...
Words: 2585 - Pages: 11
...Running head: MANAGEMENT PRACTICES MANAGEMENT PRACTICE Abstract This paper will explain how good management practices of planning, leading, organizing, staffing, and controlling are implemented into the workplace. It will analyze the application of these management concepts to the workplace. Including specifics of how five functions are practiced in the workplace. Applying the five functions can only improve any business that is willing to accept changes. At the time it was not known that the Boutique was using the five functions. The course made it clear that the owner was utilizing the five functions and the contribution it will offer to the business when practiced during operation. MANAGEMENT PRACTICE Effective Management Practices in the Workplace A good, effective management practice to use in any workplace is the five functions: planning, leading, organizing, staffing, and controlling (Reilly, 2011). A successful workplace has to have a great staff working to help it move forward. A great leader (owner) will ensure that employees are organized, informed of the planning, leading, staffing, and controlling to reach the goals of the organization. Working in the clothing industry is tough so applying the five-functions in the workplace will work when it is applied properly. To be successful managers and owners need to know the five functions, and how to implement them into the workplace. Success will be reachable and achievable when all five functions are...
Words: 1908 - Pages: 8
...James Gatson, Marisa Doporto MGT/230 April 30, 2014 Professor Mario Madrid Internal and external affects the four functions of management Introduction How does the human body operate? That is a complex question, because the human body responds differently due to internal and external factors. These same rules apply to management. The factors that affect management are planning, organizing, leading, and controlling. There are many moving parts and all of these pieces must work cohesively together for an organization, or body to exist. Management ensures that each branch is functioning properly or making the necessary changes to increase productivity. Throughout history, many organizations had to adapt to these internal and external factors due to globalization, technology, innovations, diversity, and ethics. An idea starts as a seed and that seed grows into a tree. Just as a tree, the idea branches out as it ages. The same theory applies when it comes to globalization. One would hope that his or her idea would multiply and flourish. To do so, one must properly plan for the proposed growth that they hope to attain. This feat requires organization of the internal resources to ensure stabilization of future growth. Just as the tree grows taller, it also grows wider to support the addition weight. The internal leadership must oversee and forecast the addition weight through its planning to keep control. Globalization With over seven billion people in the world...
Words: 1537 - Pages: 7
...Synergetic Solutions, Inc. faces a crossroad in implementing change to its organization as a result of market changes. Two years ago, the company made a leap in to the network solutions business of designing and implementing complex computing networks. This change is resulting in new orders and now accounts for 20% of the total revenues of the company. The company’s Chief Executive Officer has made the decision to focus the company’s energy and resources on making the network solutions business account for 80% of the revenues. The Chief Operating Officer has been assigned the task of this major transformation. There are three major areas that will need to be addressed when considering these action plans: 1. Redesign the work environment and organization structure to move from the present departmental structure to the new team-based structure. 2. Develop new HR policies and programs to help employees make the transition. 3. Upgrade current employee skill sets and/or hire new employees with relevant skills. Internal and External Forces of Change Synergetic Solutions, Inc. is facing external changes that are forcing it to make internal changes in the company structure and way of doing business. Changes in technology are the most significant external factor facing Synergetic. Technology is Synergetic’s business – keeping up with market changes is what is needed to survive. Market-share is another factor that Synergetic will face. Not only will there be others entering...
Words: 608 - Pages: 3
...Functions of Management In researching the functions of management, it is apparent that there are many roles a manager will perform, such as coaching, problem solving, strategizing, and organizing. It could also include planning, counseling, making decisions, staffing, and resourcing. The primary role of a manager is to help others in his or her organization to become more productive. The more productive and efficient (to achieve goals with minimal waste of resources) a worker, the more streamlined, and profitable the business. A good manager will learn how to master the basic functions of management; planning, organizing, staffing, leading, and controlling, to keep his or her team efficient and effective. These are basic functions performed by most managers’ throughout business organizations. There are a few different expert views on the functions of management. According to Bateman and Snell (2009), there are four fundamental functions of management, but more recent management theories, such as Luther Gullick or Kootnz and O’Donnell, are now breaking out a fifth element of staffing (Functions of Management, 2008 - 2013). Staffing has gained more significance in the recent years due to innovation of technology, growth in business sizes, and intricacy of human behavior. Staffing is the function of building the business personnel resources and keeping it staffed. The main purpose of staffing is to keep the business ready for expansion. It is the basic definition of staffing...
Words: 1146 - Pages: 5
...management functions and their involvement in guaranteeing staff focus and motivation in order to accomplish organizational objectives. Virgin systematically explains the functions leading and planning and its contribution to monitor the external environment. This report helped me to identify the significance of the management functions. It was a challenging and interesting experience. Thank you for giving me this opportunity to work with your organization. On this research. If you need any clarifications please contact me. __________________ xxxxxx Virgin stands for value for money, quality, innovation, fun and a sense of competitive challenge The use of management functions within an organisation. Report prepared for, Mr. Bruno Silva Prepared by: xxxxxxxx Student ID: xxxxxxxxxxx Table of contents 1. Executive Summary 4 2. Introduction 5 1) Purpose 5 2) Virgin Companies 5 3) External Environment 5 4) Management Functions 5 5) Methodology 5 6) Plan 5 3. Planning 6 1) Strategic Management at Virgin 6 2) Methods used to assess the environment 8 3) Methods used to allocate resources 8 4. Leading 9 1) Leading within the Virgin Companies 9 2) Trait Theory 9 3) Leadership styles 10 4) Emotional intelligence 10 5. Conclusion 11 6. Recommendations...
Words: 3057 - Pages: 13
... Brittanie Nye MGT 521 April 4, 2014 Doris Blanton Functional Areas of Business There are four main management functions within a business: planning, organizing, leading, and controlling. Planning is the “management function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities." Organizing “involves arranging and structuring work to achieve the Organization’s goals”. Leading involves working with and through people to achieve organizational goals. Controlling is the “management function that involves monitoring, comparing, and correcting work performance” (Robbins & Coulter, 9). Organizing The manager’s role in organizing involves arranging and organizing work to meet the goals of the business. Managers are responsible for breaking down the strengths of the team members and delegating tasks to reach the goals of the business. By breaking down the tasks, it allows the manager to see what has been accomplished towards meeting the goals of the organization (Robbins, 265). Organizing the business may be achieved by separating into departments. Separating the business into departments would allow people to ensure that all employees are focusing on their part of the plan. “Communication and inter-personal relationships are closely related to organizational factors which lead to job satisfaction and better performance (Jo & Shim, 2005), which eventually leads...
Words: 1083 - Pages: 5
...different areas. Each functions of management helps the managers and employees to stay focus on getting task done correctly. The four components are planning, organizing, leading, and controlling. Within the four functions of management; one cannot do without the others (Rane, 2011). The first function is planning, which is the core function of management. In this function, the foundations of management were built. At this stage the manager analysis the positive and negative of the organization, to help set the ultimate goal, create a strategic plan is measurable, and determine resources that can aid in action plan to achieve the organization’s main purpose. The plan can be alter at anytime to meet with organizational needs (Bateman & Snell, 2009). The second function of management is organizing. In order for an organization to succeed the strategic plan must take place. Manager of an organization must gather resources and organize people to implement the plan so the ultimate goal set in the first function can be achieve. During this function, the manager must prioritize the steps in processing the action plan and decide who will do what (Bateman & Snell, 2009). The third function of management is leading. As a manager of an organization one must understand the difference between managing and leading. Manager manages his or her...
Words: 879 - Pages: 4
...such as planning, organizing, leading, and controlling can be influenced by these different internal and external factors since organizations need to ensure that they are addressed appropriately for business success. The organization we will be covering is Google and how internal and external facts play key roles in the corporation. Globalization Globalization is the process that increased the link and interdependence of the world markets and businesses. Internal factors of globalization include production, development, customer service and marketing. Competition is an external factor. According to Bateman and Snell, “Companies that want to grow often need to tap international markets, where incomes are rising, and demand is increasing” (2011). Google has become a global organization and has learned to plan efficiently, organize, lead, and control their internal and external factors. With that said, the planning function is vital when entering into the worldwide market. For instance, Google was able to set and achieve their mission statement by anticipating future trends and threats and devising plans to counter or capitalize these factors. Without appropriate planning, entering into the global market will be unsuccessful. Also, in order to have all the necessary resources ready to put into action before going international, manager must be prepared and organize to accomplish the task. Another significant function of management is leading. Leading is important with guiding...
Words: 1117 - Pages: 5
