Functions of Management
The four functions of management are planning, organizing, directing and controlling. Planning is the process of anticipating future events of action for achieving organizational goals. An effective plan aids in the crystallization of an organization's vision, works to avoid costly mistakes, and allows companies to seize opportunities. Effective planning requires an evaluation of the business environment and a well designed strategic plan of actions that are needed to move a firm forward. Planning should be flexible and responsive as well as involve managers from all levels of the organization. As global competition intensifies, technology expands and the speed at which firms bring new innovations to market increases, planning for the future becomes even more critical.
Organizing is the blending of human and material resources through a formal structure of tasks and authority to realize those goals. This includes classifying and dividing work into manageable units by determining the specific tasks necessary to accomplish organizational objectives, grouping tasks into a logical pattern or structure, and assigning them to special personnel. Managers also must staff the organization...
They doubted that enough PCs would be sold to make MS-DOS successful. Bill Gates begged to differ, bought out the rights to MS-DOS, which he had originally written for IBM, and Microsoft was born. Mr. Gates has tremendous passion for his visions and that passion is contagious, and that is a critical skill for any manager to make planning work as part of their management style. Planning as a management
Managing Diversity Diversity is a fact of American and International business and is a broader, more complex issue than one might initially believe. A universally vital element of global commerce, Diversity has spawned an abundance of theorists, journals and specialists, some of whom are encountered in this composition. Addressing the remarkable breadth and complexity of Diversity, this essay reviews: the nature of Diversity; legally protected classes within the United States; aspects
E., planning, organizing and controlling); b) behavioural approach (focuses on the role of the individual, his needs and desires; every individual is different, hence they should be approached appropriately); c) management science (the efficient, sometimes mathematical approach, solving problems); d) systems approach (designing a precise system made up of the most important management components that precisely fit the specific sports genre); and e) contingency approach (this works on the assumption
Management Development Techniques All business organizations seek to maximize the profitability using the least available resources. The bottom-line in realizing such coveted success is by making their management processes efficient. In this regard, managers will often employ various techniques in developing and improving their existing management styles. This is because new issues always would come up and have to be addressed through the necessary change management initiatives. This study will look
Management vs. leadership in nursing Managers and leaders, though they are often thought to mean the same thing, are actually different people in an organization. Managers are involved in controlling and guiding the activities in the organization through effective supervision and handling while leaders are those who motivate their followers towards meeting a common goal. There are also significant differences in the characteristics and behavioral descriptions of managers and leaders. However,
Management Functions of management There are basically four functions of management in all organizations and these functions are linked in an intricate manner hence supporting each other in the endeavor towards the accomplishment of the objectives of the organization. The four functions are usually grouped as leading/directing, organizing, planning and controlling. The leading function is the most instrumental segment of leadership and management since when the junior staff are motivated and the people
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