Download eBook of The Week

Measurement and Modeling of the Economic Effects
Link: Download Now
| 0 comments ]

Management plays a vital role in any business or organized activities management is composed of a team of managers who have charge of the organization at all levels. Their duties include making sure company objective are met and seeing that the business op0erates efficiently. Regardless of the specific job, most mangers perform four basic functions:

  • Planning
  • Organizing
  • Directing
  • Controlling

Planning involves determining overall company objectives and deciding how these goals can best be achieved. Mangers evaluate alternative plans how before choosing a specific course of action and then check to see that the chosen plan fits into the objectives established at higher organizational levels. Planning is listed as the first managements function because the others depend on it. However, even as mangers move on to perform other managerial function planning continues as goals and alternatives are further evaluated are revised.

Organizing, the second management functions, is the process or putting the plan in action. This revolves allocating resources, especially human resources so that the overall objectives can be attained. In this phase managers decide on the positions to be created and determine the associated duties and responsibilities. Staffing, choosing the right person for the right person for the right job, may also be included as part of the organizing function.

Third is the day-to-day direction and supervision of employees, In directing manager guide, teach, and motivate workers so that they reach their potential abilities and tat the same time achieve the company goal that were established in the planning process. Effective direction, or supervision, by managers requires ongoing communication with employees.

In the last management function, controlling, managers evaluate how well company objeveives are being met, In order to complete this evaluation, managers must look at the objective s established in the planning phase and at how well the tasks assigned in the directing phase are being completed. It major problems exist and goals are not being achieved, then changed need to be made in this company’s organizational, or managerial, Structure. In making changes, mangers might have to go back and replay, reorganize, and redirect.In order to adequately and efficiently perform these mangerment functions managers need interpersonal, organizational, and technical skills, although all four functions are managerial duties, the importance of each may vary, depending on the situation. Effective managers meet the objectives of the company through a successful combination of planning, organizing, directing, and controlling.


Share/Save/Bookmark

0 comments

Post a Comment

Related Posts with Thumbnails