...MGT/330 Weekly Overview Week One: Overview of the Functions of Management THE FOUR FUNCTIONS OF MANAGEMENT Planning is designating the goals to be accomplished and determine the correct actions to achieve those goals. The planning activity includes analyzing current situations, anticipating what about to happen, deciding the most effective activities the company will use, choosing corporate and business strategies, and determining the supplies needed to accomplish the company’s goals. Planning set the stage for action, and for higher achievements. Historically, planning described a top-down approach in which top executives establish business plans and tell others to implement them. (Chapter 1: Managing) Organizing is constructing an active organization, setting up and coordinating the human, physical, financial, informational, and other advantages needed to reach goals. Organizing exhibitions involve drawing attention to people to an organization, specifying job restraints, minimizing work into units, placing and assigning resources, and setting conditions so that everyone and everything work in sync to achieve maximum success. In determining the internal structure, management must look at the different divisions or departments, the coordination of staff, and what is the best way to handle the necessary tasks and disbursement of information within the company. Management will then divide up the work that needs to be done, determine appropriate departments...
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...MGT 330 Entire Course (Old) For more course tutorials visit www.tutorialrank.com MGT 330 Week 1 Individual Assignment Functions of Management Paper MGT 330 Week 1 DQ 1 MGT 330 Week 1 DQ 2 MGT 330 Week 1 DQ 3 MGT 330 Week 1 Summary MGT 330 Week 2 Team Assignment External Internal Factors Paper MGT 330 Week 2 Individual Assignment Delegation MGT 330 Week 2 Summary MGT 330 Week 2 DQ 1 MGT 330 Week 2 DQ 2 MGT 330 Week 2 DQ 3 MGT 330 Week 3 Individual Assignment Management Planning and Ethics MGT 330 Week 3 Individual Assignment Management Planning Paper MGT 330 Week 3 DQ 1 MGT 330 Week 3 DQ 2 MGT 330 Week 3 DQ 3 MGT 330 Week 3 Summary MGT 330 Week 4 Organizational Structure Paper and Presentation MGT 330 Week 4 Team Assignment Control Mechanisms Paper MGT 330 Week 4 DQ 1 MGT 330 Week 4 DQ 2 MGT 330 Week 4 DQ 3 MGT 330 Week 4 Summary MGT 330 Week 5 Individual Assignment Management and Leadership Paper MGT 330 Week 5 DQ 1 MGT 330 Week 5 DQ 2 MGT 330 Week 5 DQ 3 MGT 330 Week 5 Summary ------------------------------------------------------------------------------ MGT 330 OLD Week 1 DQ 1 (Old) For more course tutorials visit www.tutorialrank.com What is management? Why is management necessary? How do you think management has evolved? ------------------------------------------------------------------------------ MGT 330 Week 1 DQ 2 (Old) For more course tutorials visit www.tutorialrank.com What are the four functions of management...
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...through all but one of the following measures: Student Answer: Effective communication Standardized work processes Direct supervision CORRECT Decentralized authority Instructor Explanation: The answer can be found in Characteristics of Typical Organizations of MGT 330 Points Received: 1 of 1 Comments: Question 2. Question : The organizing function includes all but one of the following activities: Student Answer: job design increasing departmentalization establishing authority relationships CORRECT destabilizing authority relationships Instructor Explanation: The answer can be found in Introduction of MGT 330 Points Received: 1 of 1 Comments: Question 3. Question : Which type of organization structure opens itself up to weaknesses such as duplication of activities and inter-market customer competition? Student Answer: Machine Bureaucracy Professional Bureaucracy CORRECT Divisional Structure Adhocracy Instructor Explanation: The answer can be found in Divisional Structure of MGT 330 Points Received: 1 of 1 Comments: Question 4. Question : Management theorist Henry Mintzberg outlined five common parts of an organization’s structural configuration: the operating core, the strategic apex,...
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...Four Functions of Management Mgt/330 – Management: Theory, Practice, and Application Dan Allegro March 11, 2006 Four Functions of Management Management is the key to a successful business. Good managers are skilled and effective in all of the functions of management. They must be able to make the day-to-day business decisions as well as look ahead to the future. Without proper management, many businesses close their doors each year and others have a hard time keeping valuable employees at their company. . The four main functions of management are planning, organizing, leading, and controlling. With businesses changing their operations and goals daily, you must be able to adapt to these changes. For example, thirty years ago, who would have thought that the majority of office jobs would be done using computers or that most people would be carrying cell phones? With the changing technology available today, managers need to stay on top of their jobs as well as the world around them. The first stage is planning. In this function, you decide what goals need to be achieved and how to accomplish these goals. In my husband’s construction business, we plan our schedule weekly. This allows for any last minute emergency jobs to be entered into the schedule. We must also take time to estimate new jobs, figure out what will be needed to complete the jobs as well as when we can fit them into our schedule. Because we are constantly reviewing the schedule, we are able...
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...[pic] MGT 330 Self-Assessment Questions Note: Answers to questions appear on the last page of this document. 1. Which of the following is an aspect of the organizing function of management? a. Allocating resources b. Setting goals and courses of action c. Comparing actual performance with established standards d. Maintaining morale e. Molding company culture 2. Differentiation is the degree to which differentiated work units work together and coordinate their efforts. a. True b. False 3. A(n) ________________ is characterized by an organizational structure that has flexible lines of authority, fewer specialized jobs, and decentralized decision-making. a. Flexible organization b. Autonomous organization c. Mechanistic organization d. Organic organization e. Federal organization 4. A matrix organization is a structure in which each worker reports to one boss, who in turn reports to one boss. a. True b. False 5. ___________________________ bars discrimination based on race, color, religion, sex, or national origin. a. The American with Disabilities Act of 1990 b. The Civil Rights Act of 1991 c. Title VII of the Civil Rights Act of 1964 d. The Wagner Act e. The Equal Pay Act of 1963 6. A learning organization is characterized by creating, acquiring, and transferring knowledge. a. True b. False [pic] MGT 330 Self-Assessment Answers 1. a Chapter 8:...
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...phoenix.edu Bachelor of Science in Business with a Concentration in Human Resource Management The Bachelor of Science in Business (BSB) undergraduate degree program is designed to prepare graduates with the requisite knowledge, skills, and values to effectively apply various business principles and tools in an organizational setting. The BSB foundation is designed to bridge the gap between theory and practical application, while examining the areas of accounting, critical thinking and decision-making, finance, business law, management, marketing, organizational behavior, research and evaluation, and technology. Students are required to demonstrate a comprehensive understanding of the undergraduate business curricula through an integrated topics course. The Human Resource Management Concentration helps students develop an understanding of the fundamentals of human resource management and its strategic relevance in business. The concentration addresses the legal and ethical components of the decision making process involved in the human resources environment. The Human Resource Management Concentration introduces students to the basic concepts of human resource management, and allows further study in the areas of employment law, risk management, recruitment and selection of employees, international HR, change management, compensation and benefits, employee development, and performance management. Students will also develop an understanding of the critical business implications...
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...Functions of Management Carlisa Malone MGT/330 July 13, 2011 Karen Abron Abstract Organizing a business is accumulating and synchronizing the social, fiscal, physical, knowledge, and other assets needed to accomplish all goals in an organization. Establishing events include enticing the general public to the business, identifying occupation duties, combining duties into work groups, clarifying and divide up resources, and producing an environment so that associates and objects works together at the same time to accomplish greatest extent success. Supervisors are in every occupation. In fact, supervisors preform the same duties in every business. Whether it is the manager at a beauty salon or an industrial job the duties are and will always remain the same task. Planning, organizing, leading and controlling will serve a vital role in accomplishing a supervisor’s vision on how a business should be managed. Each element is essential and without each element business will not functions well without all four elements (warish, 2009). This paper will discuss all four function of management, and how they are preform in a business and how they relate to our own business. Planning Planning is a supervising task of steadily making decisions to accomplish a goal or to achieve a task within an organization that a person, or a group, or a company will pursue. Identifying the objectives to...
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...UNDERGRADUATE CURRICULA AND FACULTY 2007 – 2011 Proposed 2009 – 2013 2 Requirements for the BBA degree: Foundation Courses 40-41 Credits Core Courses 45 Credits Departmental Requirement 24 Credits Minor 15 Credits Total variable requirement for Graduation 124-125 Credits Foundation Courses Communication Skills ENG 101 ENG 102 ENG 105* ENG 106 ENG 202 Listening and Speaking Skills English Reading Skills Business English Advanced English Skills Introduction to English Literature 40-41 Credits 9 3 3 3 3 3 * Prerequisite ENG 101 & 102 Note: students not exempted from ENG 101 and ENG 102 will have to take ENG 101, ENG 102 and ENG 105. Note: students exempted from ENG 101 and ENG 102 will have to take ENG 105, ENG 106, ENG 202 Computer Skills CIS 101* CSC 101** Fundamentals of Computer System Introduction to Computer Science 3 3 3 * For students without basic knowledge of computer **For students with basic knowledge of computer & mandatory for students with Major in subjects offered from the SECS Numeracy MAT 100* MAT 210* Basic University Mathematics 1 Basic University Mathematics 2 6 3 3 3 *MAT 100 and MAT 210 mandatory for SLAS majors(English, Media & Communication, Anthropology) other than Sociology MAT 101* MAT 211* MAT 102* MAT 212* Intermediate University Mathematics II Probability and Statistics Introduction to Linear Algebra & Calculus Probability & Statistics for Sc. & Engr. 3 3 3 3 **MAT 101and MAT 211 mandatory for...
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...Organizational Paper Sheila Madison Management 330 Glenn Conowitch February 21, 2007 Organizational Structure Paper Businesses in today’s world are looking to organizational structure to assist with building a successful organization. Organizational structure is used as a foundation to ensure each department as well as employee knows the proper direction to take. There are two organizations, The Sharp and AT&T, which incorporate organizational structure in the day-to-day business. Each organization will be evaluated to compare and contrast the impact of organizational structure. AT&T utilizes the three functions of management to build a dynamic organization. By introducing organizational structure to the corporation, an effective working environment is created for each employee. Now AT&T has created an organizational chart to provide a reporting structure for employees to follow. The organizational chart also provides where each department stands in the corporation. Both vertical differentiation as well as horizontal differentiation is utilized in AT&T. The chief executive officer along with the human resources department have worked together to create an organizational chart for the Mission Systems sector of AT&T. The program manager is at the top of the chart. His primary function is to oversee the sector and works with the assistant program managers. The assistant program managers work with the program manager to task the engineers with assignments to be completed...
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...Around the world, there are many highly skilled, independent thinking professionals who would rather operate a business of their own than work for someone else. These entrepreneurs start up thousands of businesses each year however, not all succeed. Statistics gathered by the National Federation of Independent Businesses reports that only 39% of new businesses in the United States finish the year making a profit. Numerous reasons exist why new businesses fail, but many new business owners find that although they are very competent in their profession, they struggle with operating a business (Klein, 1999). B-Team Consulting can help the new business owner make sure he or she winds up in the 39% group of profitable new businesses. Our firm provides several services to ensure the new business reaches its goals. The firm offers business plan preparation, often the first impression investors have of a business. Marketing analysis services will help a new business with a complete marketing strategy to make the most of its advertising resources. The B-Team Consulting firm can help in website design and promotion to ensure optimal Internet exposure. These are a sampling of many services B-Team Consulting can offer (Williams, 2011). Problems the Firm Can Remedy Many small businesses face declining sales and fewer repeat customers after expansion. The owner of the small business finds that once the business expands beyond the initial workforce, there is a drop in repeat customers. When...
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...MGT/330 Week 5 – Group Paper Control Mechanisms Paper Explain how these controls affect the four functions of management. The four functions of management at General Motors which are to plan, organize, direct and control are affected by budgetary, feedback, financial and market controls. General Motors is depending more on the control mechanisms now, more than ever. Since falling into bankruptcy, General Motors is using budgetary control now as a means of planning and control. W.A. Paton describes the budget as “any statement or report which shows the estimated data of either the course or results of a program or plan of operation. (W.A. Paton. 1932) General Motors uses budgetary control in long-term and short-term management planning. The new Chief Financial Officer, Chris Leddell, has stated that General Motors has lost billions of dollars in the last year. With that being said Mr. Leddell is very optimistic that General Motors will rebound from bankruptcy and will more than likely be able to show a profit for 2010. The organizational management function is utilizing a now weak financial control and they know they have a long road ahead. General Motors management team uses feedback controls to help allocate resources and track funds versus production and sales. These control mechanisms affect General Motors management functions by providing an instant indicator, preventing a lagging indicator. References Jstor.(2010). General Motors Budgetary Control...
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...Management Planning Paper Samuel K. Mims MGT 330 Roxanne Bates July 26th, 2011 Management planning is the most important function of management because it is the foundation for the organization. The planning function of management is the management function of systematically making decisions about the goals and activities than an individual, a group, a work unit, or the overall organization will pursue. Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Planning activities for the company 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 to achieve the organization’s goals (Bateman & Snell, 2008). When it comes to a huge corporation such as Boeing, the planning function becomes even more important because there are so many different divisions within the corporation that must be accounted for. In Boeing’s case, they are a multinational corporation that provides their services all throughout the world so they have to plan on a worldwide scale which is a much more difficult task than planning as a domestic company. Boeing’s planning functions are well thought out and executed to the fullest of their ability as they are very focused on their stakeholders needs, motivating their workforce, enabling teams, requiring alignment...
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...External/Internal Factors Paper Yolonda Washington, MGT/330 July 20, 2011 Tom Vincent External/Internal Factors Paper In our economy various external and internal factors affect the four functions of management. The four functions as discussed are planning, leading, organizing, and controlling. After reviewing the four functions the first functions is planning, and it is considered to be the main function for the business. “Planning communicates strategic value for the business; leading gives the employee’s motivation to do something good for the company and themselves, organizing develops the central point for the company and gives a more concrete way of building on dynamics, and controlling develops the center point for the company and how changes may come” (Bateman & Snell, 2009). The external function focuses on the market, social contact, HR, other competitors and many more external functions on the outside of the company. Another focus that may be important is supply and demand according to (Bateman & Snell, 2009). After analyzing the external function it has a major impact on all four functions for the company. Planning can become vital for the company when implementing new structures. Organizing can become more complex when adapting to innovative changes for the business. Controlling can become more contingent on the business for changing external factors and amend new management technology. However, the leading functions can help motivate externally and internally...
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...The Functions of Management at Work Columbus Diamond Management for Organizations MGT 330 Instructor Ed Gehy March 13, 2016 References Page: The five functions of management, Planning, Organizing, Commanding, Coordinating, and Controlling are all part of what shapes and makes Ingalls Shipyard a successful and great place to work. Don’t get me wrong the place I work and the type of work I do is dangerous. What makes it worth the dangerous conditions I am under while at work is the company that I work. To explain, the company that I work for takes really good care of their employees. Huntington Ingalls Industries is America's largest military shipbuilding company and a provider of manufacturing, engineering and management services to the nuclear energy, oil and gas markets (www.huntingtonIngalls.com). This company follows The Functions of Management to the tee, Ingalls demonstrate this by its long jeopardy and in how long this company has been alive, production count ability. Planning is a systematic process in which managers make decisions about future activities and the key goals that the organization will pursue (D. Baack, M. Reilly & C. Minnick, 2014). Planning is looking ahead. According to Henri Fayol, drawing up a good plan of action is the hardest of the five functions of management. This requires an active participation of the entire organization. Rick Spaulding is vice president, Central Planning and Process Excellence, for Ingalls Shipbuilding. Rick...
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...The Organizing Function of Schlumberger MGT/330 January 30, 2012 James Malm Organizing is the function of management which follows planning. It is a function in which the bringing together and amalgamation of human, physical, and financial resources materializes (Organizing Function of Management, 2008). All of these resources are imperative in acquiring results. Consequently, the organizational function assists in the achievement of results which in fact is vital for the functioning of an organization (Organizing Function of Management, 2008). According to Chester Barnard, “Organizing is a function by which the concern is able to define the role positions, the jobs related and the co- ordination between authority and responsibility.” It is for this reason that a manager continually has to organize in order to get results. A manager executes the organizing function when he identifies all the activities that need to be performed. Activities like preparation, sales, record keeping, quality control, and inventory all need to be identified before they can actually take place. Once all the activities needing to be performed have been identified, the manager begins to organize them by department. When organizing by department the manager will unite people in a way that relates...
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