Aug 10, 2017

5 Functions of Management

This paper concentrates on the primary theme of 5 Functions of Management in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

5 Functions of Management

INSTRUCTIONS:
Explain how the management practices of planning, leading, organizing, staffing, and controlling are implemented in your workplace. If you are not currently working, you may use a previous employer. You will analyze the application of these management concepts to your place of work; the paper will not be simply a report on the five functions in general. Include specific examples of how each of the functions is practiced in your place of work. 5 pages (not including reference and title page) 5 scholarly sources
CONTENT:
FUNCTIONS OF MANAGEMENTName:Grade Course:Tutor`s Name:(30 August, 2012)IntroductionSuccessful managers are those leading their organizations to predetermined targets by the use of available means. To accomplish this, there need to be guidelines, procedures, as well as resources. To attain this target, managers have to recognize five major functions that they have to play effectively; they include planning, leading, organizing, staffing, and controlling. Each of these functions helps managers in specific ways especially in their day-to-day managerial roles. The five ns have to be given equal and adequate amounts of time to ensure success (Gary, 2007). This is because they are all necessary elements in the development and success of any organization. As an effect, this essay critically analyses the application of these five managerial functions at my working place.PlanningThis managerial function deals with setting of company`s ultimate objectives, steps and tasks in a suitable manner. According to Gomez-Mejia, Balkin and Cardy (2008), planning is the fundamental function of any manager, as it is his/her responsibility to chalk out future actions, and make decisions in advance concerning the best action to take. The aim of planning is to state what should be done, how it should be done, and when it should be done. Gary (2007) defines plan as a systematic thought about ways and means that can be used to accomplish a predetermined goal. Various types of planning include tactical, strategic and contingency.At my working place, managers have been setting strategies with the aim of accomplishing the set goals according to the predetermined standards. To do this, the management has been ensuring the availability of resources like raw materials, human resources, and technology availability. It has been of great help especially in bridging the gap from where the company is, and where it should be in future. As an effect, the managers have been assigning chores and goals to different employees who will undertake them or pass them down depending on the management hierarchy. Other activities that have involved managerial planning at my work place including, taking decisions and plans that ensure attainment of organization`s vision and mission by the CEO, and apart f making policies especially those concerning employees by the Human resource and the operation managers.OrganizationOrganization is another managerial function that involves putting together planned goals to ensure an integrated system, and assigning them to employees. Managers obligated to actively participate in activity identification, grouping of identified activities, assigning duties and tasks, responsibility creation and authority delegation, apart from coordinating authorities and relationships in the company. At my work place, it is the responsibility of financial and human resource managers to organize for financial and human resources respectively, while it is the responsibility of the o...


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