Managerial Functions

One of the many subjects we have covered in class this unit was the Manager’s jobs. The textbook has mentioned that the manager has many jobs, including, but not limited to, leading his team of employees, controlling how his team does their jobs, planning what his team is to accomplish that day, and organizing his team.

To manage can be defined in several ways however according to The Concise Oxford Dictionary Ninth Edition "To organise, regulate, be in charge of an organisation, team etc.; to succeed in achieving; to meet one's needs with limited resources." Although the fundamentals of management stay the same throughout different industries, different sizes of organisations and different levels of management there are variations in the roles played by managers. These variations are determined by the differences in the environment and the differences in the challenges presented to managers in their individual sectors. The roles of managers, complexity of the managerial role, and the significance of managers to

Managers perform many functions and play many roles. They are responsible for handling many situations and these situations are usually different from one another.

According to Henri Fayol, managers perform five basic functions; planning, organizing, leading, commanding, and controlling. Managers also adapt to assuming multiple roles, enabling them to comfortably transition between being a Monitor, a liaison, a disseminator, a resource allocator, and more. Successful managers do not simply dictate orders, they apply multiple disciplines, embrace the organization as a living breathing entity which has differing moods, requirements and needs, and they understand strive to create a challenging and satisfying work environment, one which promotes innovation, employee dedication and high productivity. To create this type of environment, managers need to understanding their greatest asset are the people whom they manage. A successful manager fosters trust with their subordinates, empowers them to grow and learn, and becomes a dependable resource the employees can count on no matter what struggle may stand before them.

Managers are employees that manage workers, resources, projects and tasks. They ensure workers with the right skill sets are assigned to complete projects; additionally, they ensure resources are allotted to accomplish the projects. They also monitor the workers and project to ascertain everything is on track with the project timeline.

A manager is not just a team leader to me but, a planner, organizer, coach, problem solver, motivator, and decision maker. A manager’s schedule is typically full with employee meetings, unexpected issues, policy sessions, and other miscellaneous tasks that may arise throughout the day. In the day to day business world, a manager has to use the planning function. As stated in our book, “managers use the planning function to choose appropriate organizational goals and identify courses of action to best reach those goals” (Reilly, Minnick,& Baak, 2014).

A manager is a person who is responsible for carrying out the managements functions such as planning, organizing, leading and controlling. One of the key functions is leadership, managers are leaders. Managers do carry out their leadership responsibilities to communicate, motivate, inspire and encourage employees towards high performance. A manager becomes a manger by virtue of their position and subordinates will follow the manager because of their job description and title (Mark & Nancy, 2006).

Let 's begin by breaking down some key characteristics of a manager. This role in a typical company or organization will reflect a person who 's primary focus is on managing a team of people and their activities. The role can differ by scope, types of roles, and can sometimes even be focused on efforts outside of

Accounting is a crucial part in running a business. There are various forms of accounting that can be used, it is very important to know which technique is best to use for what companies. Once you figure out a particular technique to use, it is important to keep an open mind if there are any changes that need to take place in the business. By keeping an open mind helps the business adjust and be able to make the right decisions. Every business wants to make a profit; accounting is an important part in helping understand how profits and expense amounts are derived. One form of accounting I will focus on is managerial accounting or also known as management accounting. Managerial

Not only is a manager a position of authority but also a position of interdependence. Managers tend to have to major responsibilities. A manager is someone responsible for the performance of others. That responsibility defines what a manager is. But what does a manager do tin order to fulfill that responsibility? He or she exerts influence.

There are many roles that a manager has within an organization. Performing these roles in the basis of a manager’s job. To be effective at these roles, a manager must be a complete business person by understanding their strategic, tactical and operational responsibilities that he or she holds. There are a lot of roles a manager must be. For example, a decision maker, a coach, a conflict manager, an organizer etc. These roles can change day to day but one thing is for sure. A manager must understand all of their roles and how to perform them effectively. This means a manager must have a global understanding of all business functions, organization goals, their accountability and the appropriate way to serve their internal or external clients of the organization.

Managers have many duties and responsibilities in terms of Organizational Behaviour. They have to be able to make decisions, allocate resources, motivate staff, reduce absenteeism or turnover, increase productivity and performance.

Managers get things done through other people. They make decisions, allocate resources, and direct the

According to Philip Kotler "planning is deciding in the present what to do in the future. It is the process whereby companies reconcile their resources with their objectives and opportunities” (Abuvelan 2007: 36). Further research shows that planning is “the process of setting performance objectives and determining what actions should be taken to achieve them” (Schermerhorn 2010: 9). By taking this into account I can therefore identify that planning allows managers to identify key decisions and prepare for

Social, inspirational, legal and ceremonial duties must be carried out. The manager is a symbol and must be on-hand for people/agencies that will only deal with him/her because of status and authority.