Four Principles of Management
Jacqueline Garcia
University of Phoenix
November 10, 2007
Many Fortune 500 companies have management training programs. A company must always have the competitive edge over its competitors. These companies must invest in creating curriculums to help the mangers create motivation in the employees as well as attain the goals set forth by the corporation. According to the Random House Unabridged Dictionary, management is "the act or manner of managing: handling, direction, or control; skill in managing, the person or persons controlling and directing the affairs of a business institution, etc." A great manager must know and implicate the four major principles of management. The principles of
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The organization needs to have open communication at all times so the employees feel comfortable in voicing opinions and complaints. Management must always be motivating the team because of the highly stressful environment. Motivation comes in the form of verbal praise to monetary incentives at the end of every month. This is a gear that must be in constant motion to make the employees happy and efficient.
The final principle is controlling. This is the management function of monitoring performance and making the necessary changes (Bateman, 2007). Keeping an eye on things is the way to be absolutely certain that everything is going according to plan. Problems will arise but this is why the plan executed in the beginning will help to create solutions.
Bank of America, being so large, is monitored all the time. We must adhere to state and federal laws and regulations. Meetings are done frequently to address issues that are happening around the United States which may directly or indirectly affect performance. The manager of each team monitors the individuals with all the high tech screens on their computers. Controlling what can be controlled and having a contingency plan for when problems occur keep the bank at its high peak in the financial realm.
The four management principles are applied to all great companies. Planning helps set the stage for the organizing the team to its appropriate places. Leading generates loyalty, and
The management process is defined as performing the four principal functions of a manager to get things
It is suggested by various text books and management tutors alike, that the mastering of the four functions of management; Planning, controlling, organising and leading along with developing technical, human and conceptual skills, should go some way to allowing a manager some degree of success in the field of management. Of course, having skills is just part of being an effective manager, these skills and functions must be communicated in a way that fellow managers and workers can understand and act upon.
Step four in management planning is the selecting of goals believed to be most appropriate and feasible by the managers. Step five implements the goals and plans into action by managers. Goal achievement is likely to be linked to the organization’s reward system to encourage employees to achieve the goals and implement plans properly (Thomas S. Bateman, Scott A. Snell, 2009). Step six is essential in making sure goals and plans are met. If the goals and plans are not monitored and controlled managers would not know if they were ever met successfully.
The planning process begins with a situation analysis of the external and internal forces affecting the organization. This examination helps identify and diagnose issues and problems and may bring to the surface alternative goals and plans for the firm. Next, the advantages and disadvantages of these goals and plans should be evaluated against one another. Once a set of goals and a plan have been selected, implementation involves communicating the plan to employees, allocating resources, and making certain that other systems such as rewards and budgets are supporting the plan. Finally, planning requires instituting control systems to monitor progress toward the goals.
The second thing that I feel is an important guiding principle for organizational management is respect. Treating others with honesty, dignity, and respect is important for a manager as well as being sensitive to his or her employees, appreciating their value to the team as well as their diversity, experiences, knowledge perspective and ideas. A good manager will try to build their employees up and gain employee engagement. A friend of mine worked at a manufacturing company in Calhoun, Georgia and he had been with the company for ten years. The company was known for its high turn over and he soon got a new manager this took a sour turn because my friend no longer felt valued by the manager or the company and in turn, he gave little effort to his work and eventually found another job. Employee engagement and respect are the keys to keeping employees happy and motivated. Lastly, employees will do their best work when they feel respected, valued and part of the team. It is important for a manager to help build up their employees by helping them develop skills, welcoming new ideas,
The four functions of the management are Planning, Organizing, Leading, and Controlling. Planning is the first function which is the foundation pillar of management. All the positive styles will help me as a manager to determine the organization goals and objectives. Power and competitive are the two styles that draw closer to effective planning. Power gives me the ability of control and position to plan ahead. I would begin the process by reviewing the current operations within the organization and classify what improvements are needed to be made. Effectiveness of planning can lead to setting goals and giving employees a challenge for better performance. This is one of the key methods of the planning process. I have to make sure as a manager the organization is not allowing themselves to be too satisfied. If the organization reaches a stage to be satisfied on how they are performing then it loses to the competitors.
The internal and external fact of functions affects management every day. It is the performance that an organization or company within itself could turn out positive or negative. This also pertains to the outside world, where the factors can be beyond the control of the organization in positive or negative situations. The concepts in management implements the four functions needed for the core requirement in management. Planning is the foundation base which all others areas are built. There may be sudden strategies required to be implemented
A well rounded management team is an important component of any organization. Leading a group of people can be a tedious task, especially if there is no structure to the process. Four key principles of management consist of planning, organizing, leading and controlling (Kinicki & Williams K., 2016). There are many facets to the conceptual idea of management, I think it is critical for managers to keep these four keys as the foundation of their daily operations.
So in this case these four principles are applied in the company operations which prove to be very successful for the company.
Managers will find it difficult to perform the core functions of management; planning, organizing, directing, staffing and controlling unless they have a grasp of the basic principles associated with organizational
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.
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.
Administrative theory is a theory that emphasizes the perspective of senior managers about the guidance to design an organization as a whole. Generally, it is a formalized administrative structure which is relevant to their responsibilities. Therefore Henri Fayol, a French mining engineer and executive has summarized his management experiences which is known as Fayol’s Fourteen Principles of Management. His intention was on how managers should accomplish their managerial duties. Henri Fayol discussed the fourteen principles which is Division of work, Authority, Discipline, Unity of Command, Unity of Direction, Subordination, Remuneration, Centralization, Scalar Chain, Order, Equity, Stability, Initiative and Esprit de corps. These
“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
Management is one of the most important human activities and has critical impact on life, growth, development or destruction of an organisation. In an organisation, managers with any rank or status should understand their basic duties i.e. maintaining a sustainable conductive environment where people can fulfil their commitments and objectives through collaborative approach. (Akhtar, 2011) A manager is responsible to achieve the business’s goals, visions and objectives by planning, organising, leading and controlling. Dubrin (1994) stated that in every organisation each member of staff must plan, organise, make decisions, and control the resources they need to accomplish the results expected