...Four Functions of Management Paper Axia College University of Phoenix Management is a very important part in the function of an organization. The management process operates within four functions. These four functions are critical for the management process to operate consistently. The following will explain the four functions of management and how they affect the industry that I am in. Planning The first function of the management process is planning. “Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.” (Bateman, 2009) One of the activities involved in planning is analyzing current and future situations. Planning also involves determining what objective the organization wants within these situations and what resources to allocate into completing these goals. Planning also provides strategic value by contributing to meeting the organizations goals. Strategic value is critical in planning the future of an organization. How planning affects my current organization Planning is a very important part in my current organization. Deciding which projects to bid and how many resources to put into acquiring projects requires planning. Once one of our projects is attained, planning is required in order to assess the manpower and resources needed to complete the objective. Strategizing our next move is critical in moving our business forward to the future. Organizing Organizing is the second function...
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...performances of the organization. Planning and organizing is also a very important aspect in the process of maintaining sustainable relationship between the organizations and the systems external environments (Longest, 422). Strategizing is the basic concept which initializes the different theories that motivates and communicates in the field of health care systems. There are different types of concepts, theories, and leadership motivation that help the organization to stay intact within a working environment. “Planning, in general, is defined as anticipating the future, assessing present information about the organizational direction, programs, and resource deployment” (Longest 424). It is important to focus on planning in any system because it will help with the establishment of important concepts in the future. One such system that follows this pattern is the HSO system, these concepts follow through the other functions in HSO. For example functions such as organizing, staffing, directing, controlling and decision making only comes after the planning process moves ahead. Planning is a very important part of management because it saves money and also helps the system to plan ahead in the future. The initial foundation helps build a strong future, because if in the present the management system tends to plan the goal for the future than the results would be much better than, without any planning. There are two different type of planning which occurs at distinctive level...
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...Four functions of management There are four functions to management. These four functions are essential to the management process and are as stated planning, organizing, leading and controlling. The four functions of management are utilized by the management team to achieve the vision of the company of the management team. Each function of management has a specific reason for the use. Planning is the first function of management. Planning is basically the preparation of a specific course of action. In the planning of an action they management team sets specific objectives or goals ensuring they are detailed in their planning and within their vision for the project while ensuring they are able to communicate their objectives to the teams for proper expectations. Another part of planning is the deadline for the project. The deadline is accomplished through a careful extension of the projects objectives that are laid out in a timeline to ensure they are performed in each step as expected. The planning stage also entails the budget for the project. The resources that are allocated for the specific project are determined and explained in detail to ensure that the project addresses all possible resources and details the amount allocated for each specific section of the project. Once planning has been completed for the project the management team then proceeds with organizing the project according to the results of the planning function. In the organizing function the management...
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...The Four Functions of Management Christopher Bayles MGT/330 September 18, 2011 Bill Escue In this paper the objective is to examine the four functions of management, and illustrate their use in the everyday work environment. Numerous people say management has more functions. "In the early twentieth century Henri Fayol identified five elements of administrative management: planning, organizing, coordinating, commanding, and controlling" (Andrews, Winter 2004, p. 6). Not until "1973 in the book Professional Management, Louis Allen identified functions" (Andrews, Winter 2004, p. 6) into four "basic functions of management: planning, organizing, leading, and controlling" (Andrews, Winter 2004, p. 6). To understand better what they mean, it is imperative to identify management and split the functions into separate categories. According to Bateman and Snell (2009) "management is the process of working with people and resources to accomplish organizational goals. People might ask how can this be done successfully" (p. 19). The simple conclusion is to implement the four functions. In the first function, planning is indicating goals of a business and coming to a decision on the suitable measures needed to accomplish them. "Planning activities include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies, and determining the resources needed...
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...Four Functions of Management Rental Management Incorporated uses the four functions of management in its operations. The main objective of an organization is to achieve its mission. In order for the organization to reach its max potential, it needs to include the foundation of the four functions of management: planning, organizing, leading, and controlling. The understanding of the functions and how the organization uses them in its day-to-day process is important among the management team. Rental Management Incorporated, RMI, uses the four functions as a foundation to its success. The management team is the team that works with the people and resources to accomplish the organizational goals set in the four functions of management: planning, organizing, leading, and controlling. It is important to use each of them with one another to have the organization to function properly. Planning The first function of management is the planning function. An organization needs the planning process to develop the mission of the organization and the main objectives to take place. This function continues to expand upon the ideas of what the organization should entail and how it is to be established among the organization for success (Adam, 2009). The planning stage is the process of delivering strategic value from top-level management into the organization. Organizing The strategic management, also known as top-level management, begins the function of organizing. This management...
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...Four Functions of Management at CHCC Planning, Organizing, Leading and Controlling University of Phoenix - Management: Theory, Practice and Application Tracey Keaggy Halas 1/10/2011 As the Department Head of the Marketing team of a health care center, I must be able to facilitate all the marketing needs by planning, organizing, leading and controlling. In order to be a part of the successful marketing managers I must establish the knowledge and expertise in order to follow through on all four of these functions. In today’s rapidly changing health care industry, the components of management are becoming more important. As the department head of the marketing team of a health care center, I must be able to facilitate all the marketing needs by planning, organizing, leading and controlling. In order to be a part of the successful marketing department, I must establish the knowledge and expertise in order to follow through on all four of these functions. These functions of management are extremely important when building strong organizations, effective teams and team leaders. These four functions must be performed by all managers regardless of their individual title or the task they are handling. These managerial skills are used daily by our managerial staff at CHCC Health Care Centers. In any managerial position, whether it is an administrator, director of nursing, or an individual department head, CHCC managers utilize all four functions in their daily...
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...Tiffany Seda Functions of Management October 11, 2010 Gregory J. Flick MGT/330 In order for an operational organization to run smoothly there are management concepts that need to be set forth. Planning, organizing, leading, and controlling are the four functions of management and when broken down in different areas they can be very beneficial to an organization. Each component in management is important to the structure of management and one does not work well without the other. Rane (2010), "Planning is the core area of all the functions of management” (Planning, Para. 1). If a course of action planned works correctly the achievement of a company’s goals can be realistically met. Following up on the execution of the planning function is an important part to effective management. Planning is beneficial in an organization; it allows managers to take the time to analyze the next course of action and is essential in times of companies in distress. Working in a law firm and experiencing the affect of proper planning of a case study for court beforehand can make the difference of retention of the client and settling the case. There is never to much planning that can go into a factor of an organization. Erven (n.d.), "Organizing is establishing the internal organizational structure of the organization. The focus is on division, coordination...
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...Abstract The intent of this paper is to explain how each of the four functions of management effect managing a business, by using the fundamental tools to run a business effectively. The core elements of the management functions are Planning, Organizing, Leading, and Controlling. These are the critical functions required to manage a successful business. Planning The first function of management is planning it defines the steps necessary to fulfill the organizational objectives, current and future plans while providing alternative solutions to support goal achievement. Effective planning starts with management building a strategic plan aligned with the company’s business goals. These goals are achieved through the planning function of management. The planning function provides a roadmap on how the goals will be achieved. Planning includes analyzing and evaluating the conditions to determine what resources are required to reach the goal. The development of a plan sets the direction the team needs to go to achieve specific goals and objectives. Organizing The next function is organizing, which is very important in providing resources necessary to execute on organizational plans. Organizing is instrumental in building a successful business. Organizing provides the critical reporting structure and personnel responsible for the administrative duties required to function as an organization. Most successful organizations are built with flexible and diverse cultures, which are responsive...
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...Four Functions of Management Abstract For any organization/business, regardless of size or type, to run efficiently and achieve its vision, goals, and objectives that it has set forth, it must apply four functions of management. These four functions are planning, organizing, leading, and controlling. These functions are a process where each activity is dependent on the other. When these functions are performed accurately and, when done satisfactorily, the organization should be successful. Four Functions of Management For any organization/business, regardless of size or type, to run efficiently and achieve its vision, goals, and objectives that it has set forth, it must apply four functions of management. These functions enable management to control the strategic, tactical, and operational decisions for the organization; therefore, the essential functions of management are: planning, organizing, directing, and controlling. Planning is the first and primary area of all the functions of management. There is a quote the motivational speaker, Harvey Mackay uses, “If you fail to plan, then you plan to fail.” Benjamin Franklin said it this way, “If you fail to plan, you are planning to fail.” Which quote a person prefers is not important, but what is important, is that if an organization wants to succeed, they have to plan. Planning is the groundwork and the other three functions are built upon this groundwork. To lay the groundwork, management must evaluate where...
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...Four Functions of Management Management is both an art and a science, which requires mastery of a variety of skills in order to achieve organizational goals. Management has four basic functions. They are: planning, organizing, leading and controlling (Office of Entrepreneurial Education, 2006). There are some differences of opinion as to whether this is the complete landscape regarding the functions of management. Carter McNamara, in discussing these functions, acknowledges that there are other schools of thought that expand on leading to include employee empowerment, visioning, and other issues (McNamara, 1997-2008). For purposes of this paper, the traditional functions of planning, organizing, leading, and controlling will be discussed in the context of how it relates to my organization – a plastic bottle manufacturer. Planning Planning, as a function of management, involves four separate categories. The first, Strategic Planning, involves long term planning and strategies for three to five years. The second, Operational Planning, involves the day-to-day planning necessary to achieve organizational goals. The third, Tactical Planning, is a plan involving the manner in which a plan is accomplished, where, when, what, and by whom it will be accomplished. The fourth is Budget Planning, which is a determination as to how the financial resources will be allocated and spent. At the plastic bottle manufacturing plant, the company has a Strategic Plan that lays out...
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...Functions of Management Many of the successful businesses and organizations in the world are a product of efficient and productive management. Managers use the four important functions of planning, organizing, leading, and controlling to enable their businesses and employees to function at their maximum potential. A manager is successful when he or she can help a management team focus on what is vital to become successful. Failing to execute the four functions can lead to poor performance or an unorganized workplace. Today’s business market is highly competitive due to the lack of consumer spending. Globalization has made it easy for more competition to enter a market, which causes an organization or business to analyze their business processes. Management is responsible for making the needed changes and plan for future events that may follow. Planning Planning involves looking at future goals or responsibilities that need to be accomplished. This involves analyzing the current status of the company and developing a strategy to obtain future objectives (Rane, 2007). A major aspect of planning is recognizing and working around many controllable and uncontrollable internal and external factors. This would include looking at the companies’ strengths, weaknesses, threats, and opportunities toward growth. Managers are responsible to oversee many types of planning for example, strategic planning, project planning, business planning, and marketing planning. Planning normally starts...
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...THE FOUR FUNCTIONS OF MANAMGEMENT The Four Functions of Management Running business requires effective and efficient management. Management is the process of working with people to achieve common goals with minimum waste of time, money, people and materials. Perspectives will show the act of management comprises of planning, organizing, leading, and controlling. Planning: Planning is the function of business that involves setting business objectives and determining a course of action that will facilitate business profits while increasing shareholder value. Planning activities include analyzing current business situations, looking forward and evaluating the future, determining objectives and formulating strategies, Bateman and Snell (2009). Planning is a constant and fluid function. Business can never know what to expect so planning has to remain a function that can be changed to meet circumstances that may have been unforeseen. Organizing: Organizing is the second function of management. Managers need to organize all resources prior to putting a course of action into effect. Organizing is assembling and coordinating resources such as; human resources, capital resources, and information resources. Organizing is attracting people and money to implement information to achieve preset business goals. Organizing takes place at all levels within an organization and involves deciding how to best divide work throughout the organization. Organizing includes...
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...Lindenwood University Four Functions of Management Management Concepts Michelle Combs Principles of Management Dr. William Dean 29 January 2015 Michelle Combs Dr. William Dean Principles of Management 29 January 2015 Outline Management: Four Functions of Management in a Business Thesis: Management in the world, whether big or small, is accomplishing goals for the company he or she work for. To be a successful business or organization depends on how well management utilizes the four function of management, rather it is effectively of efficiently. To understand better the fundamental function of management, one must define management. The four functions are planning, organizing, leading, and controlling. I. Planning is the first function of management. A. Strategic planning is the process of analyzing. B. Tactical planning is the intermediate process. C. Operational planning assumes the existence of goals. II. Organizing the function which managers are coordinating. A. Building the organization. B. Attracting people to the business. C. Creating conditions for people to work together. III. Leading is stimulating people to be high performers. A. Leading is the day to day contact with people. B. Inspiring the team to achieve goals. C. Focus on motivating the team. IV. Controlling is the function that monitors performance. A. Implementing the plans of the organizations. B. Making sure that the...
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...Management Unit ESDP-PMU Management Functions 1. Introduction: Management is defined as the process of getting activities completed efficiently and effectively with and through other people . It encompasses an array of functions with which it accomplishes different tasks done successfully. These functions include planning, staffing, organizing, directing, and controlling. The Eritrea Education Sector Development Program – Program Management Unit, abbreviated as ESDP-PMU, is an institution destined to accomplish education sector program objectives that have to be viewed in terms of the government policy to boost the education sector in all aspects. Through the educational sector intervention, ESDP-PMU works to ensure increase in access, improve quality, boost capacities in all levels of the sector, and ensure equity in delivery education services. This paper explores the management functions in the ESDP, highlights strengths and weaknesses in view of the theoretical aspect of management function. Finally, it highlights some few salient points that are worth mentioning and by way of recommendations it tries to shed lights on issues that need improvement. 2. Overview of the management functions: Henry Fayol defines management as a science of forecasting, planning, organizing, commanding, coordinating, and controlling. The most commonly cited management functions are planning, staffing, organizing, directing, and controlling. Planning refers to the base of the other...
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...Functions of Management MGT/330 November 3, 2010 The management is the backbone of any business; making sure to instill the company’s vision into each employee. The managements is responsible for the companies daily functions The functions of management are important are important because proper management prevents un-organization and good training to develop the employees to one day become good managers. For example, good management will assist an employee with questions he or she may have on a specific job function. In this paper, I will discuss planning, leading, organizing and controlling function of a business and how each one of these functions have effect an organization that I have worked for. I will begin by discussing the planning functions of the business. Planning The definition of planning is a “method of doing, proceeding or acting developed in advance to be successful” (2010).The planning will display the objectives of the job. The positive side of planning will reveal the required work information from the hidden work. When work is not effectively communicated, too an employee, he or she may create work, or do no work at all. In the medical field planning is a key element in the success of the business without proper planning the manager or an employee is destines to fail. The plan will describe the how the job is done and the time the job should be done in. For example, in the medical field there is a planning meeting to make sure all...
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