Four Functions of Management
An organization (regardless of time in business size, size, market share, growth rate, or projected growth rate) needs to run smoothly and achieve the goals and objectives which it has set forth. For this, there are basically believed to be four management concepts that allow any organization to handle the tactical, planned and set decisions.
The first is planning (one of the best ways to improve performance) which is determining organizational goals and the means for achieving them. It is the foundation of management upon which the all the areas of management should be built. It requires administration to assess where the company is and where it should be. Courses of action can be successfully determined, selected, and implemented from this point to attain the company’s goals and objectives.
Planning is unending course of action as factors constantly affect a company both optimistically and pessimistically. Depending on the conditions, a company may need to alter its course of action in accomplishing certain goals; or, even change or adapt the goals along the way. In strategic planning, management continuously must analyze internal and external factors that may affect the company (as well as its objectives and goals).
The next function is organizing which is basically deciding who makes decision and at what point in any given process, what tasks and job duties will be done by whom, and where people are in the hierarchy of the company. Organizing involves getting prepared with resources well before in hand to put into practice the course of action that has been planned. Through this process, management determines the inside directorial configuration as well as establishes and maintains relationships.
Leading is the third function, which involves the extremely important aspect of inspiring and motivating people to work hard to achieve organizational goals. This function is not just about everyone walking around happy and with smiles, it actually helps the management to control and supervise the actions of the staff. This helps staff to achieve goals of the organization and also to accomplish their personal or career goals. These forward progressions are largely powered by a combination of communication, dynamics, leadership, and motivation.
Productive working environments are crucial. Building positive interpersonal relationships, problem solving, and effective communication are all part of leading.
The fourth and final function is controlling, which is monitoring progress toward goal achievement and taking corrective action when progress isn’t being made. It includes establishing and following performance standards based on the company’s objectives. The controlling aspect of management includes evaluating and reporting of actual job performance.
All points need to be studied by the management team who compares all aspects of objectives and performance. This study and comparison of helps decide whether to sail steady and full course ahead or to shape further corrective and preventive actions whether minute, monumental, or anywhere in between.
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