Marketing And Innovation Of Bobco

The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.

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.

The meaning of management is 'the process of dealing with or controlling things or people’ (Oxford dictionary, no date). Henri Fayol suggested managers need to complete the following six points as a basic manager overview; predict and plan their business ' future, utilize resources to achieve set objectives, command a team to complete task 's, communicate between departments for task completion matching the business plan as stated by The importance of good management - recruiting, selecting and training entrepreneurial managers – Arcadia (1995). These coincide with the four more abbreviated roles of a manger as suggested by Schermerhorn (2011) which are plan, organise, lead and control with each manager having a varied style to complete these tasks. Management can come in many forms and styles. In order to be a successful manager you must know which style of management and approach to undertake to gain the most from the team/ organisation (Understanding management and leadership styles, no date). Leadership is a top priority on the agenda of a manager with it being recognized as a primary reason for both the success or failure of an organisation its applied to (Sadler, 2003). There are many types of leadership with each manager picking a style appropriate to the environment they are leading. Leadership is the ability to provide direction and influence people to achieve an organisation/ personal goals (Murari, 2015). The aim of this report will be to explore

The four functions of management include planning, organizing, leading, and controlling. Each provide the fundamentals needed in a company that is just starting or a company that has been established for many years. Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Planning activities include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies, and determining the resources needed to achieve the organization’s goals. Plans set the stage for action and for major achievements (Bateman, Snell,

“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 paper will explore different theories of Management, include Henri Fayol and Henry Mintzberg. This section of this paper provides an overview of functions, roles and skills required of a manager. What is Management? Management can define as the process of reaching organisational goals by working with and through people and other organisational resources. (Management Innovation, 2008).

Taking BUAD309 has enabled me to become both an effective manager and leader by introducing me to terms and concepts that I can apply to my life as I take on these roles. The tools and concepts that were discussed in class will serve as assets to me, as I lead or manage an organization. I have learned to distinguish between managers and leaders, in that they are different by their definitions and the tasks that they complete. Both managers and leaders play important roles in organizations and there is overlap between the roles, however there are some distinguishing factors between the two titles. I have learned that a manager is responsible for the day-to-day tasks of an organization, in addition to creating detailed plans, and creating efficient organizational structures that help the organization as a whole run efficiently. A manager

The four functions of management are planning, organizing, leading, and controlling. Planning is the manner of setting objectives and deciding what actions will to accomplish them. Organizing is the process of assigning tasks, allocating resources, and arranging and coordinating the activities of individuals and groups to implement plans. Leading is the practice of touching individual’s enthusiasm to work hard and direct their efforts to fulfill plans and accomplish objectives. Controlling is the procedure of measuring work performance, comparing results to objectives, and taking corrective action as needed.

Management is an essential aspect in the running of any organization in the world. Despite the nature, size or location of an organization, sound management is an essential ingredient to ensure that the organization achieves its mission, goals and objectives. Management is therefore the process through which an organization is capable of achieving desirable outcomes by influencing the behaviour and activities of individuals within a given environment (Henderson, 2008). James (2010) stated, "Management is a social process that consists of planning, control, coordination and motivation" (p. 23). It is therefore the responsibility of a manager to ensure that his/her organization is well managed. This will guarantee that the operations within the organization are run in an effective and efficient manner.

detailed actions to be taken. No real plan exists until a decision – a commitment

Management is the process of organizing and coordinating the activities of a business with a specific end goal to accomplish defined objectives. It is frequently included as a variable of creation alongside machines, materials, and cash. As indicated in Peter Drucker (1909-2005), the essential task of management incorporates both marketing and innovation. A good management is working with the others to achieve task that is beneficial for the organization efficiently. To successfully manage the company objectives, a manager should have an ability to plan, organize, coordinate, command and control. The theoretical definitions of management gives an insight to what a manager should be focused on and how they should organize the team and themselves to achieve the objective of the organization. Relating to this, it seems that if work is done in theoretical way, it is very easy for the managers to become an asset for the company. After interviewing a manager from the telecommunication domain, the difference in theoretical and real world of the management in an organization is noticed.

Management is in every type of organization. Although the type of business the company is running determines their manager's type, function and role, all managers execute some of the same fundamental functions to ensure that their business runs efficiently. The idea behind management is assisting employees in the direction of common goals. It is management's work to help assess all of the different purposes and keep them in stability. Managers work at an inexorable speed and handle a broad variety of matters throughout the day. In my opinion, managers play very important functions and roles in today's rapidly changing business organizations. This essay will discuss primarily about the functions and roles of managers, as well as outline

Management as a continuum is wide and has hence been broken into branches such as strategic management, operations, time and crisis, financial and marketing management among others (Rees & Porter, 2008). As a result, the need for specialization by managers into the various fields arises. The significance of management in the view of an organization's perspective has tremendously increased. This is so because through the process organizations can execute their policies and stratagem to maximize on profits and offer best services and products to customers.

In 1949, Fayol (as cited in Lamond, 2003) identified a theory through surveys that there are five functions of managers, which are planning, organising, commanding, coordinating and controlling. Planning is a process which managers are necessarily good at intrapersonal and interpersonal competencies, as it is related to handle and encourage people with all the obligations required to be able to make preparations and aim for optimum outcomes rather than minimum exposure. It is basically the function of all level of managers, but dominated by top managers because they make long-term plans instead of short-term plans, which are made by middle and first-level managers. Afterwards, organising means building up the undertaking material and human organisation. This includes having an adequate knowledge to find essential work force and put each where he/she can do the most effective duties. So, this is the function of top managers because they are the one who have authorities to do that. The next function is to command. Commanding is suggested as an initiation to set organized employees who are fully motivated and work together in a

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