Four Function of Management

Globalization of business has to do with the production of goods and services across nations which indicates that there is the need to perform management functions across nations.

In relation to the four functions of management, there are several internal and external factors that affect an organization’s success. Using DaVita, Inc. as an example, we can look at each internal factor that would affect the function of management and the external factors. Internal factors would include ethics, innovation and diversity while external factors would include globalization and technology.

The four functions of a manager are planning, organizing, leading, and controlling. These are key elements that managers must understand to run a successful organization. I will view each concept as well as their roles to acknowledge how these functions have been related to my personal experience in the work environment. Behind the scenes of a manager, they spend an equal amount of time planning so that he or she can successfully achieve the leading and controlling functions. These functions are standard for any industry that is striving to maintain a strong organization. While reviewing this paper, try to think of the four functions as a method that is established to build on each other. The four functions must be performed efficiently, and when done correctly, an organization will reap the accomplishments from a well-defined plan. My own experiences of how the four functions operate illustrates that each role requires a manager to devote time and patience in order to ensure that the main principles are achieved.

Management is the process of working with other and capital to achieve organizational goals. Also management is defining as creative problem solving. This creative problem solving is accomplished through the four functions of management: planning, organizing, leading and controlling. The intended result is the use of an organization 's resources in a way that finish its mission and objectives. Every good manager, supervisor or leader does those tings both effectively and efficiently.

Globalization with regard to corporate strategies encompasses many different aspects of management, corporate paths and planning. The most important however is changing the way managers think with regard to their use of resources

There are four functions of management: planning, organizing, leading and controlling. The four basic principles of management found in all businesses and corporations. Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.

The globalization has huge impact on the attitude and behaviour of the customers, clients and consumers as they want more quality high brand, goods and services at compatible prices. Firms compete for customers, and management formulate strategic plans to enhance the quality, brand strength and brand image of goods and services to achieve organizational goals and objectives and to achieve sustainable competitive advantage. Organizations want to have innovative creative, challenging, and strategic work force which formulate strategic plans establish goals and objectives obtain, allocate, distribute and utilize scarce resources in the best possible

The purpose of this paper is to compare the internal and external factors that influence a company, considering the aspects of the business process including globalization, technology, innovation, diversity, and ethics. We have examined how these internal and external factors impact the four functions of management. As a final point we will describe how managers can use delegation to manage the impact that these factors have on the four functions of management.

Peace and Robison (2000) believe diversification represents a “distinct departure” from existing operations through acquisition or internal generation of separate businesses that are able to provide synergy with the original firm by counter-balancing strengths and weaknesses of the tow businesses. Benefit has been gained through diversification. However, more problems emerge.

“Management is the planning, organizing, leading, and controlling of mankind and other resources to achieve organizational goals efficiently and effectively (University, p 4 2011)”. The greatest achievement of an organization is to provide goods and services that customer’s value. The managerial department of an organization has the power to determine the performance of the employee’s, which directly affects the quality of the service or product that is being supplied to the customer. “Managerial tasks are essential for effective management, which involves planning, organizing, leading, and controlling (University, p 6 2011)”. Planning is the process of identifying the suitable goals of an organization and how they will be implemented in the company. Organizing is the procedure that determines the departments of an organization. When departments have been established the next step is to decide who will work best at a particular job. The development of organization inside a business will form the organizational structure for the company. “Leading is the ability to inspire and organize individuals to work as a team to complete the goals of the business in an efficient and effective manner (University, p 9 2011)”. Controlling is being able to assess the procedures of a company and eliminate or change any strategy plans that are not showing high- performance levels. Controlling may consist of monitoring

The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities for global expansion are numerous, and attaining success is a matter of developing the right strategy to win local markets and its consumers.

With the pressure of needing to manage costs and increase efficiencies, synergies between the different regions became an important strategy for international organizations. The concept of globalization was born from this issue. The drivers of globalization are market factors, cost factors, environmental factors, and competitive factors (Czinkota & Ronkainen, 2010).

Management is the manner of taking responsibility to oversee activities of an organization so it can achieve its objectives. The manager is responsible for carrying out certain functions which include: planning, organizing, staffing, leading and controlling. Managers, regardless of the level, share in these common duties. The five functions of management are interconnected. For success to be achieved, the five functions must all be implemented in line with the vision of the organization. Management foresee into the future and develop a plan. After a strategic plan is in place, management must organize the company’s resources and workforce to implement the plan. Along the way, they should offer good leadership and control of

The present day global scenario has put always a challenge before all. The work ethics is never confined to the then approach of being satisfied with little. The manifold areas envisage the management to have clear foresight, visualize the future at the moment under the dynamism of management system. Form the above prospect it could  be realized that the challenges and responsibilities before the management are abided by certain fundamental principles.

There are four primary functions involving management, which are considered the very life line and it’s existent. These four functions are instrumental and detrimental to the success and longevity of any company. Without these vital staples, a company is doomed before it is birth, and they are planning, organizing, leading and controlling. However, there is another essential component to the functions of management, and it is the important of diversity. In this paper I will identify the detailed function of these different components of management and explain their importance.