Good Management Strategy

     Management is accomplished through four functions of management: planning, organizing, leading, and controlling. According to Bateman-Snell, planning is the management function of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue in the future. Organizing is the management function of assembling and coordinating human, financial, physical, informational, and other resources needed to achieve goals. Leading is the management function that involves the manager’s efforts to stimulate high performance by employees. Controlling is the management function of monitoring progress and making needed changes. The

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.

Basically, contingency theory asserts that when managers make a decision, they must take into account all aspects of the current situation and act on those aspects that are key to the situation at hand. Basically, it’s the approach that “it depends.” For example, the continuing effort to identify the best leadership or management style might now conclude that the best style depends on the situation. If one is leading troops in the Persian Gulf, an autocratic style is probably best (of course, many might argue here, too). If one is leading a hospital or university, a more participative and facilitative leadership style is probably best.

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.

According to Gomez-Mejia and Balkin (2002) the four management functions are planning and strategizing, organizing, leading/controlling, and decision making. Senior

2.2.2 The managerial functions. For effective business management to happen, scientific administration proponents state that there are four functions that need to be performed: planning, organizing, executing, and controlling (Stoner, 2008). Each of these

There are various internal and external factors that affect the four functions of Management positively or negatively. Organizations need to pay close attention to these factors because it can

In my explanation of the four management functions, I will explore how they apply to my organization, my supervisor, and my position. The planning, organization, leading, and controlling aspects of management are what I will discuss in this paper.

Wal-Mart is arguably the most dynamic corporation in the last 50 years in the United States, if not the world. Arising from its beginnings in Bentonville, Arkansas, it has grown to over 4,400 discount stores, super centers and corner markets worldwide. Wal-Mart continues to expand despite public criticism of its labor practices as well as complaints about their treatment of competitors. The many strengths of Wal-Mart, like their low cost production and marketing practices, will aid Wal-Mart as it continues to grow in the retail

Analysis for Business Policy: Strategic Management. Instructor: Dr. M. Reitzel, DeVry University, February 2007, Austin, TX. Members of the Team: Marcus Bedford Jon Cable Wayne Oulicky Constince Sanchez

     In today’s world management must consider a wide variety of factors in order to establish an effective management plan. Wal-Mart Stores, Inc. is the world’s largest company and number one retailer, with this success a company this large needs to not only to look internally for solutions to their management objectives, they must also look outside of their business for additional resources. With the increase of technology and the easy access to virtually any information, Wal-Mart Stores, Inc. must be prepared to react to the multitude of demands made by consumers and suppliers. The rapid change of the retail industry from brick and mortar

     The four functions of management are planning, organizing, leading, and controlling. All four of these functions of management are used through out each and every type of business out there in the world.

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.

Management is a common and important term involving in all kinds of organizations such as businesses, political, cultural or social. Management has been described as the process of dealing with things or people (Oxford Dictionary). There are four basic functions that make up the effective management process: Planning, Organizing, Leading and Controlling. Catriona Noble, who started from a 14-year-old casual crew member to the first female CEO of One of McDonald’s top ten subsidiaries in the world, applies successfully these functions in operating McDonald’s Australia.

Management functions are defined as “the ways that managers are grouped within an organisation to achieve specialist tasks” and refer to specific areas of practice that involve only a small group of managers who, usually, need particular training or experience and belong to relevant professional organisations. There are five major functions in most organisations known as “big five” (Smith, 2011): marketing, concerned with promoting and distributing products; operations, which involves the transformation of inputs into outputs; human resource management, which deals with people within the organisation in terms of recruitment, development and deployment; finance, responsible for managing money and lastly the 'recently ' introduced information management, which manages all the information technology resources used to collect, store and transmit data. In addition to these, other functions can be identified such as research and development, quality, distribution and logistics among others. All of them can be divided into three main groups: line functions, which play a key role in producing goods or services (marketing, R&D, operations); enabling functions providing services to other functions in order to help them operate more effectively (finance, HR, IT, technical and secretarial services); controlling functions, whose task is to make sure that standards and regulations are respected (quality assurance, quality control and legal and administrative functions).