Preview

Funcations of Management

Good Essays
Open Document
Open Document
852 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Funcations of Management
Functions of Management

There is no one definition for the term management. However, Fayol (1916) defined the term management as; "To manage is to forecast and plan, to organize, to command, to co-ordinate and to control." Mc Ilwee.T and Roberts I, (1991): p.g117 Management is not standardized and is undertaken at all levels of the organization, as it is an integrating activity. Managers have to manage in order to achieve the overall objectives and strategy of the firm. All firms are seeking effective managers, and the quality of management is a key element of business success.
The four functions of management are essential to building strong teams and stronger organizations. Common to all managers, the four functions are planning, organizing, leading, and controlling. The aforementioned functions of the manager are the activities, which all managers must perform regardless of the industry, the level, the title, or the activity in which engaged.
In this paper we will be examining all four of these ingredients and then we will apply them to real world examples. These four things are used any time when initiating a new project or dealing with any change, which we all know is constant. A lot of us may be all ready using or have seen others, but just never noticed it or didn't know how to identify the methods. Let us start by looking at the definitions and examples of each.
Planning
Planning is the function of "doing." It's the first management function both because it lays the groundwork for all other functions. It is a technique of projecting the future, anticipating problems and selecting procedures for circumventing them. It is a general principle of management that a group effort can be attained more efficiently if everyone concerned has been informed of the ultimate goal and how, when, and where it shall be done, and who shall do which parts. Planning is the management function that involves identifying goals and alternative ways of achieving them. It

You May Also Find These Documents Helpful

  • Good Essays

    The Four Primary Functions of Management are universally applicable and adaptable to most management situations. Successful management techniques are accomplished through the Four Primary Functions of Management: planning, organizing, leading, and controlling. Many companies such as Walmart rely on management theories, Innovation utilizes the planning and organizational process of the Four Functions of Management.…

    • 394 Words
    • 2 Pages
    Good Essays
  • Good Essays

    I would define management as the coordinating efforts of a team of people to accomplish goals. These goals are accomplished through leading, planning, directing and organizing every aspect of the business. Management positions hold a great deal of power and responsibility which in many cases are important factors in accessing a business’s current and future financial standing.…

    • 883 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Mgmt 408

    • 1548 Words
    • 7 Pages

    Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed program regarding future courses of action. It is rightly said “Well plan is half done”. Therefore planning takes into consideration available & prospective human and physical resources of the organization so as to get effective co-ordination, contribution & perfect adjustment. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.…

    • 1548 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Planning is defined by Bateman and Snell (2009), as “The management function of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue.” Planning is the difference between a successful and unsuccessful manager. .Planning, the first management function requires analysis of physical situations in a business, perhaps problems that need to be solved or analysis of systems that need improvement to become cost effective. Planning is the first step in management and is paramount as it facilitates control, valuable decision making and in the avoidance of business ruin. .Planning also requires anticipation of future needs of the company to be successful.…

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Management is the process used to accomplish organizational goals through planning, organizing, leading and controlling people and other organizational resources.…

    • 1178 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Organizational Behavior

    • 1318 Words
    • 6 Pages

    kinicki & kreitner, 2008, defines management as “the process of working with and through others to achieve organizational objectives in an efficient and ethical manner.” Management comprises: Planning, organizing, resourcing, leading/directing/motivating, and controlling.…

    • 1318 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Managing an organization today, implements four different functions. These four different functions can benefit or hinder an organization, depending on how they are used. These four functions are planning, organizing, leading, and controlling. To run a successful business you must know how to effectively incorporate these functions into your own organization. These four functions will each have a different purpose in benefiting my restaurant business. By learning how to plan my goals in advance, organize these plans into human, financial, physical, and informational divisions, leading the workers of my business by motivating them and controlling every aspect of my business, I would be on my way to running a successful restaurant.…

    • 796 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The first function of management is planning. Planning, according to the wikipedia encyclopedia is "deciding what needs to happen in the future and generating plans for action." Planning involves development of short or long -term plans that have objectives, goals, strategies, procedures, and standards.…

    • 1001 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Of course management depicted as a social development that encompasses the responsibility for economical and effective planning, and the regulations of operations of an organization to achieve its main goal. To achieve the task of accomplishing the organizations goals manager's use the tool of the four functions of management so he or she can successfully and professionally manage the work of his or her subordinates. These four function include planning, organizing, leading, and controlling.…

    • 508 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The definition of management is the process of planning, organizing, leading and controlling the efforts of organization members and of using all organizational resources to achieve stated organizational goals. Lee, Candy (2012). Educational-business-articles. Retrieved from http://www.educational-business-articles.com/leadership-versus-management.html…

    • 515 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The four functions of management include Planning, Organization, Leading and Controlling. This paper will explain how each function is applied to a business by the management team and how the management team applies the four fundamental functions of management to ensure the business will be run productively, will use all resources wisely, budget time efficiently and be cost effective.…

    • 918 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Planning refers to the management function that involves defining goals,establishing strategies for achieving those goals and developing plans to integrate and coordinate activities;Organising refers to the…

    • 1267 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    The four functions of management are planning, organizing, influencing, and controlling. Each can be discussed individually, but as the text says are integrally related. Each play a key role in meeting organizational goals.…

    • 577 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Management has also been defined as a decision-making, rule-making and rule enforcing body. According to Professor Moore, management means decision-making. Appley called it personnel administration. For the sake of simplicity and convenience, we can broadly define the term thus: management is concerned with resources, tasks and goals. It is the process of planning, organizing, staffing, directing and controlling to accomplish organizational objectives through the coordinated use of human and material resources.…

    • 2376 Words
    • 10 Pages
    Good Essays
  • Powerful Essays

    Planning activity focuses on attaining goals. Managers outline exactly what organizations should do to be successful. Planning is concerned with the success of the organization in the short term as well as in the long term.…

    • 1710 Words
    • 7 Pages
    Powerful Essays

Related Topics