Organization Function of Management
Organizing Function of Management
University of Phoenix
MGT 330 - Peggy Terrasi
Learning Team C
Team Members: John Champagne, Malka Feast, Jason Fruge, David Rampolla, Tom Tumminelli, Derrell Beck, Vinton Morgan
Organizing Function of Management
The four functions of management: planning, organizing, controlling and performing are all crucial to managers and corporations across the world. After the planning function of management from the top executives down to all management staff, organizing the resources of the organization is a key element to provide the necessary action into place. Specifically, organizing physical assets, human resources, knowledge management, and technology are key elements to organize. Physical assets are probably the most obvious to organize.
Conocophillip 's physical assets are assets that are considered to be a quick liquidation for funds, such as real property, equipment, shares, holdings, and investments. This is found in the business set-up as it comprises the workforce, the sites, the buildings and any investments that involve money. A very important part of physical assets is in the creation and preparation of the monetary investment reports. Within the report is the listing of tangible assets and non-tangible assets.
Tangible assets are the same as real property, equipment or other items needed physically to run the company. Non-tangibles are items that can be reduced for cost savings and are not considered quick liquidation items. According to Myburg (),
"1. Maintenance and its management is [sic] regarded as a sub-set of a larger system of "Physical Asset Management."
2. Various sub-systems of Physical Asset Management have matured and Became well-entrenched, notably Reliability-Centered Maintenance (RCM), Total Productive Maintenance (TPM) and Total Quality Management (TQM). TQM has its origins in a 1951 publication by Armand Feigenbaum, and has since developed into a comprehensive business management methodology.
University of Phoenix
MGT 330 - Peggy Terrasi
Learning Team C
Team Members: John Champagne, Malka Feast, Jason Fruge, David Rampolla, Tom Tumminelli, Derrell Beck, Vinton Morgan
Organizing Function of Management
The four functions of management: planning, organizing, controlling and performing are all crucial to managers and corporations across the world. After the planning function of management from the top executives down to all management staff, organizing the resources of the organization is a key element to provide the necessary action into place. Specifically, organizing physical assets, human resources, knowledge management, and technology are key elements to organize. Physical assets are probably the most obvious to organize.
Conocophillip 's physical assets are assets that are considered to be a quick liquidation for funds, such as real property, equipment, shares, holdings, and investments. This is found in the business set-up as it comprises the workforce, the sites, the buildings and any investments that involve money. A very important part of physical assets is in the creation and preparation of the monetary investment reports. Within the report is the listing of tangible assets and non-tangible assets.
Tangible assets are the same as real property, equipment or other items needed physically to run the company. Non-tangibles are items that can be reduced for cost savings and are not considered quick liquidation items. According to Myburg (),
"1. Maintenance and its management is [sic] regarded as a sub-set of a larger system of "Physical Asset Management."
2. Various sub-systems of Physical Asset Management have matured and Became well-entrenched, notably Reliability-Centered Maintenance (RCM), Total Productive Maintenance (TPM) and Total Quality Management (TQM). TQM has its origins in a 1951 publication by Armand Feigenbaum, and has since developed into a comprehensive business management methodology.
References: Curt Dierdorff. (1996). Improving Effectiveness of Human Resources Services (Human Resources Management in Federal Agencies). The Public Manager: The New Bureaucrat, 25(3), 45-47. 27 Harley (Bill) Goodman. (2003). Managing Human Resources: From Hello to Goodbye. ASHRAE Journal, 45(9), 61-63. Bateman, T. S. (2009). Management: Leading & Collaborating in a Competitive Word, Eighth Edition. McGraw-Hill. Myburg, J. A. () Physical Asset Management Systems Concepts. Retrieved June 12, 2009 from http://www.sama.org.za/media//DIR_36301/PhysicalAssetManagement_JMyburg.pdf Boone, L., & Kurtz, D. (1999). Contemporary business (9th ed.). Orlando, FL: The Dryden Press http://www.internetworldstats.com/stats.htm 27