Mgt_300

All organizations no matter the size or age of the organization need to run smoothly and achieve there goals and objectives that they have set in place. In order for an organization to run smoothly and achieve their goals the company has to implement management concepts for the managers to follow and pass down to all the other employees. There are four basic management concepts that allow and organization to handle the tactical, planned and set decisions. The reasoning for these four basic functions of management is to have and allow for a controlled plan to achieve the organizations goals. The four functions of management are: The base function is to: Plan The plan is the base upon which the all the areas of management should be built. Planning requires administration to assess; where the company is currently at, and where it should be in the future (near and far). Once all the information is assessed, from that point an appropriate course of action is determined and implemented to attain the company’s goals and objectives Managers use this process to plan for the future, like a blueprint to foresee problems, decide on the actions to evade difficult issues and to beat the competition. (Bateman, Snell, 2009).There may be sudden changes the companies have to face that are sometimes uncontrollable. You can say that they are external factors that constantly affect a company both optimistically and pessimistically. Depending on the conditions, a company may have to alter its course of action in accomplishing certain goals. This kind of preparation, arrangement is known as strategic planning. In strategic planning, management will analyze inside and outside factors that may affect the company’s goals and objectives. At this point they will have to study the strengths and weaknesses of the plan and how outside factors affect it. For management to do this properly they must have a very efficient plan in place. The second function is to: Organize The second function of the management is getting prepared and getting organized. Management has to organize all its resources well in order to put the plan into action. Through this process, management will now determine the inside directorial configuration; establish and maintain relationships, and also assign required resources. While determining the inside directorial configuration, management ought to look at the different divisions or departments. A manager must know their subordinates and what they are capable of in order to organize the most valuable resources a company has, its employees. (Bateman, Snell, 2009). They also see to the harmonization of staff, and try to find out the best way to handle the important tasks and expenditure of information within the company. Management determines the division of work according to its need. Management also has to decide when it is suitable for departments to hand over authority and responsibilities. The third function is to: Leading Organizational success is determined by the quality of leadership that is exhibited. Leadership is the power of persuasion of one person over others to inspire actions towards achieving the goals of the company. Those in the leadership/management role have to be able to motivate the employees to achieve the set goal and direct themselves to the duties or responsibilities assigned during the planning process. Leadership involves the interpersonal characteristic of a manager's position that includes communication and close contact with team members. (Bateman, Snell, 2009). Managers at Wyeth are there to motivate workers to fulfill the goals of the company and out-perform their competitors. They as leaders have day to day contact with workers using open communication and are able to give direction individually as well as within teams, departments and divisions. Management is there to inspire subordinates to ‘step up to the plate’ and find innovative means to solve department problems. The final function is to: Control Control is the last of four functions of management it includes establishing performance standards which are based on the company’s main goals and objectives. It also involves evaluating and reporting of actual job performance of all the employees. When these points are studied by management then it is necessary to compare both the performance along with the goals and see if they are being met. This study on comparison will help in deciding if further corrective or preventive actions need to be taken. In an effort of solving performance problems, management should higher some of the standards that are expected from the employees. Management should be straightforward with the employees and speak to the employee or department having the problem. On the contrary, if there are inadequate resources or disallow other external factors standards from being attained, management had to lower their standards as per requirement. The controlling processes as in comparison with other three, is unending process or say continuous process. With this management can make out any probable problems. It helps them in taking necessary preventive measures against the consequences. Management can also recognize any further developing problems that need corrective actions. Importance of Management Planning The four functions of management planning, organizing, leading and controlling, assume a great worth in the success of any business every day. (Bateman, Snell, 2009). In all organizations large or small each individual employee’s contribution to the success of the company is of great importance as the company’s goals would not be met and success would not be reached. Reference: Bateman, T. S. & Snell, S. (2009). Management: Leading and Collaborating in a Competitive World (8th ed.). McGraw - Hill.