Four Functions of Business Four Functions of Business Every company implements its own concepts and ideas to ensure the successful progression and continuous success within their company or business. The managers and key leaders must have certain routines and managerial skills that are proven to be reliable as resources to ensure these successes. To meet the challenges of today’s demanding business world, managers and key leaders use the four functions of business: planning, organizing, leading, and controlling. Planning Planning is the foundation for the other functions as it lays the ground work for the initial ideas, goals, resources, and the overall means of achieving the goals. Managers use this …show more content…
It’s also the process of monitoring progress and ensuring that the resources that are provided are being used correctly to further progress to the goal. According to Allen (2008), control allows for ease of delegating tasks and as managers may be held responsible for their employees’ actions, may way to provide timely feedback of accomplishments. Controlling is effective in the military as leaders are given the right to make changes as necessary to ensure goal accomplishment. Control is the process in which standards for performance of people and processes are set communicated and applied (Allen,G., 1998). Leaders can adapt as necessary and must always provide feedback to their Soldiers. This lets the Soldiers know that they are in the right direction and what has been accomplished thus far. This builds motivation and a willingness to progress further. This is a key function in the military and towards mission accomplishment. The four functions of business are all so important in a successful business. The planning, organizing, leading and controlling all lead to the employees and managements success and ensure that the job is completed by wasting as little resources and time as possible. Even in the military, there remains room for improvement when it comes to these four functions. What’s most important is that the four functions are practiced daily. With the daily practice and rehearsal,
The United States Army is a complex organization made up of several commands and managed by different command levels. The U.S. Army is an organization different from that of a business in many unique ways. Specific examples of these differences include: financial reporting, disciplinary review procedures, and tactical operations. Although different in many ways, the Army shares many similar characteristics of a normal profit business. Army personnel are managed by supervisors arranged in a command structure similar to that of a business hierarchy. The Army will also encounter internal and external factors that could impede or enhance operations. As such, planning, organizing, leading, and controlling must be used by managers appropriately
Leadership development in the military is critical to its mission and objectives. Understanding and embracing leadership will foster an agile culture and facilitate attainment of strategic goals. People desire quality leadership to assist with achieving their goals, albeit personal or professional development. Having a clear vision and the motivation to perform at high-levels influences others to work synergistically together to achieve organizational goals. Insomuch, employees value being treated respectfully, fairly, and ethically. Leaders serve people best when they help them develop their own initiative and good judgment, enable them to grow, and help them become better contributors.
The main functional areas of a business are marketing, human resource, finance, information systems and production. All these interact with each other in different ways but all contribute to effective management. Management would not be completely effective if one of the above areas are missing. They are all needed in different ways to make sure that the business reaches objectives, achieves effectiveness and efficiency and while doing this trying to get a balance in which they can satisfy different stakeholders.
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Planning is the foundation of all the functions of management upon which the other three areas should be built. During planning, management must evaluate the company’s current situation and then developing strategies to achieve these goals, this is called strategic planning.
Read Ch. 1–3 and Appendix A of Management: Leading & Collaborating in a Competitive World.Read this week’s Electronic Reserve Readings.
Remember that culture is the way things are done at a certain place and it derives mostly from the ethics, and priorities that an organization sets. We also examined the chain of command within the Army. There are chains of command in every workplace but the Army’s is a very complicated system and it allows everybody to know their roles within the organization, it also allows people to advance which boosts morale and self-esteem. This paper also informed about the Operations Process which is the way that decisions and missions are carried out within the Army. Remember that there are four parts of the Ops Process that can be applied to any task in our daily lives; Plan, Prepare, Execute and Assess. In conclusion, even though people may not think of America’s soldiers as managers, they are. They are managers because from day one they are forced into leadership roles and they are taught these management processes. The Army requires Specialists and Corporals to complete 80 hours of training, called Structured Self Development (SSD), in order to be eligible for promotion to Sergeant. The training teaches the Army culture, management styles, Army regulations and more. It is very important to teach all workers at every level, how to effectively manage and lead because eventually they will be the ones making the calls and tough
Controlling is monitoring the performance of the organization, identifying deviations between planned and actual results, and taking corrective action when necessary. With all these four functions that are involved in the process of management, if all are followed correctly the organization will be properly ran and will have few complications.
The four functions of management, planning, organizing, leading, and controlling, are very essential in building strong organizations and even stronger more effective teams. Planning, organizing, leading, and controlling are the functions of management. These function activities must be preformed by all managers regardless of their industry level, title, or the task they have at hand. These four management skill are used when ever a project or a task is at hand. Even in the field we are working in, many of us may have been using the four management functions and not noticed what they were, or we may have been a part of a team that was lead by the functions of management and not noticed what was
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.
Planning is considered to be a primary function of management. All organisations operate in a complex, dynamic and competitive business environment, and therefore, have to plan their actions without which they may not be able to survive.
Businesses have many functional areas, these are important in ensuring the business runs efficiently. Here I have described 4 functional areas that most large businesses and organizations should have.
Controls are measuring sticks to see if the desired goals are being met. Successful managers create parameters for their employees and implement controls within a criteria to confirm if the job is being done to standard. Case in point, I give quarterly performance counseling’s to each subordinate in my department on performance, being efficient at the job and using problem solving techniques. Controls to an extent border along the lines of micromanaging, but it can also be used to emphasize how well the subordinate is doing too. All quarterly counseling’s are not corrective in nature, but it is a great assessment tool for exceptional job performance as well. The usage of controls is part of my responsibility as a supervisor to ensure the goals are being achieved to standard.
A good control system provides timely information to the manager which is very much useful for taking various decisions. Control simplifies supervision by pointing out the significant deviations from the standards of performance. It keeps the subordinates under check and brings discipline among them.
The traditional views of a manager's functions are as an administrator working on short-term goals within the current systems and structures. The manager focuses upon making that which exists as efficient as possible. The four functions of management as planning, budgeting, organizing, and controlling resources and problem solving. These managerial activities, they assert, are most appropriate when organizations are basically stable and relatively predictable. On the other hand traditional view of a leader' functions are of one who takes a long-term, big picture, perspective and endeavors to initiate change for the improvement of the organization. When organizations need to adapt and change to new circumstances then leaders who challenge, motivate and inspire