BUSINESS FUNCTIONS:
GENERAL MANAGEMENT & MANAGEMENT:
THEORETICAL –
Management is very important when it comes to a business. Management is the process of working with other people to achieve business goals. In management you get managers; a manager is someone who can plan, lead, organise and controls the assigning of employees, finances and physical resources of the business. Managers must pull up a business policy which includes a mission, vision, goals and objectives and even strategies for the future of the business. Some aims of managers are to improve productivity of the factors of production, maximise profits and motivate staff so that they make the working environment pleasant and enjoyable.
You get three levels of management; top
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A leader activates employees, inspires them to take action and also to do their jobs to their full ability.
Control - You need to control to make sure things are going as plan and correcting any problems by setting strategies. By controlling you close the gaps between the actual performance and the preferred performance by setting strategies too.
Lower level management - Include supervisors and so they supervise employees, lead and control them and co-ordinate activities, it’s when operational decisions occur. Lower level management also known as Frontline management are responsible for smaller work areas, they make short term routine decisions; an example is a supervisor
In management you get different types of leadership styles which include Autocratic, Democratic, Laissez-Faire and Charismatic. Autocratic is a dictator and there’s no input from workers whereas Democratic is an open management and the manager encourages workers to share ideas and there’s lots of communication. Laissez-Faire is where there’s little guidance to workers and believes when people are left to manage things themselves they excel more. Lastly Charismatic leadership is when it gathers followers due to personality and charm.
MOVIE –
In the movie management is very important as it is a big company and needs a good management to be successful. In the management we see that Miranda is the editor-in-chief of Runway magazine and that there’s an autocratic leadership style. With
Management is a planning and controlling process for reaching organizational goals by working with peoples and other organizational resources.
Leadership comes in different forms and an effective leader will use their power conservatively and strive to share their power with other group members. Leaders should strive to enhance work ethic and abilities of those around them. They should have high expectations and set challenging goals for those on their teams. It is crucial for a leader to create a positive
Management is the process of directing resources, organizing in order to effectively maintain and achieve business, organizational goals and creative problem solving. Directing resources means people, materials, finances and information. “Those who become managers and successful leader are the people who can best transmit their views, ideas, and enthusiasm to others” (Baldwin & Bommer, 2008, pg. 47). The goal of management is to accomplish the business mission and objective. To be a successful manager, you need skills in decision making, financial analysis, interpersonal relationships, and communication as well as the ability to apply those skills in a context of restraints, opportunities, and options. The following management analysis paper
A leader is the foundation of the organization, the individual who represents the values, purposes, and direction of the organization. A leader is one who creates connections between members of an organization for the purpose of promoting increased performance and quality results (Sullivan & Decker, 2009). Leaders motivate, console, and work with people, to keep them bonded and eager to move forward (Stanley, 2006, pp. 33). The leader is an individual who has his or her own personal goals and want to show everyone what he or she has to offer others. These traits are needed to inspire the employee and make him or
A leader is an individual who has the tools that would motivate and encourage others to follow them and listen. Having these tools help complete tasks that needs to be manage in a smooth operation. A leader is not strong without its supporting elements such as the workers under that individual. Being the leader means to perform not just one job but to also be able to help and manage everyone
Having a charismatic leadership style can most often resemble and transformational leadership style. This type of leadership resembles the transformational leadership style because these leaders tend to inspire their team (www.mindtools.com). These types of leaders are enthusiastic and energetic. They like to encourage their team members and encourage them to move forward. In contrast to an autocratic leadership, they allow their staff and team members to provide suggestions and let their voices be heard. Unlike an autocratic
Management is the processes of an organization. It is the day-to-day structure that produces products or services. Good management is important for a business to succeed, but it is quite different from leadership. Good leadership produces useful change. It casts a vision and a buy-in that
Although managers need leadership qualities in order to effectively complete their tasks, it is imperative to understand the difference between a manager and a leader. Management is a function in which directives are carried out and executed during the day to day activities of the business, while leaders innovate, and bring forth ideas envisioned that many would discount as possibilities. A leader must understand their role and the effect they have on others. Failure to understand the extinct a leader has on his/her organization and the operations of the company may cause turbulence and discontent in their subordinates. When this understanding is breached, resistance, mistrust, and defiance receive an open invitation. It is
The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.
Management involves the tactical aspect of day to day functions and who keeps control of the work environment to make sure the organization is moving forward and in the same direction of the company’s vision. Managers are faced with many responsibilities each day, one of which is managing people. The goal of a successful manager is to achieve the highest productivity of the organization by way of the people he/she manages. A manager is more of a problem solver and takes care of work areas relating to people management, time management, decision making etc.
A leader guides his or her employees in the right direction so that they as a team achieve positive results. A leader helps employees to know the correct methods used in performing daily tasks. A leader focuses on training the employees and assisting them in furthering their knowledge of the industry. Employees look up to leaders and trust that the leaders are guiding them along the correct path.
Many people believe they can either be a good or great manager. The actual reality to this is some people are actually not fit to be a manager either because they do not know what to do or because they do not know how to handle themselves. Throughout this paper, management styles will be discussed, and the qualities of a good manager.
In today’s ever changing economy, society’s idea of management is becoming increasingly more difficult to sustain with the continuous demands of the position. A successful manager must have a certain level of expertise and problem solving techniques to carry out the daily tasks required. Over the years, there have been various ideas on what management is, such as planning, organizing, leading and controlling.
Management in business is the coordination of people to accomplish set goals efficiently and effectively. It comprises of planning, organising, staffing, leading, and controlling an organisation. Management itself is also an academic discipline, a social science whose object of study is social organisation in order to accomplish a mutual goal.
Management can be defined as the art or act of doing things or activities through the efforts of other people to accomplish desired goals. It deals with the organising and coordination of people, activities, materials, machines and money.