1 Functions of Management Yolanda Green BSHS/322 December 4, 2011 Instructor Frank Scarpone 2 When it comes to operating a successful business, organizations can best achieve the goals and objectives of the company by following the four functions of management. The four functions of management are planning, organizing, leading, and controlling. The following paper discusses the four functions of management, and also explains how each function relates to my own organization. The first function of management is planning. Planning is the most important aspect of all functions of management.
Just as it takes a village to raise a child, it takes a management team working with the accountants to pave the way for a company’s prosperity. Horngren, Harrison, and Oliver (2012) describe managerial accounting as a method that centers on “the accounting tools managers use to run a business” (p. 773). With that comes management accountability. Company managers have a responsibility to oversee and manage the resources of that company (p. 794). “Linking authority for control with responsibility for the results thereof is an approach that has proved effective in many phases of business” (Kabbes, 1964).
What roles do managers and leaders play in today’s environment? There is a direct connection between the way people view their managers and the way they perform. Strong leadership is imperative for shaping an organization into a force that serves as a sustainable business advantage (Kumle, 2006). On the other hand, management is the process of working with people and resources to accomplish organizational goals. Great managers do those thing both effectively and efficiently (Bateman and Snell, 2009).
2. Determine how Trader Joe’s uses the management process (planning, organizing, leading, and controlling) to develop its employees. 3. Suggest two (2) ways that leaders can effectively manage relationships in general by using the four (4) EI competencies. 4.
Reflection Summary Week 5 MGT/230 Managment Theory and Practice September 16, 2013 Peter Paff Reflection Summary Week 5 During week 4 we studied the differences between leadership and management. Leadership is the ability to inspire and help employees stay focused and efficient. Management however is the use of strategic planning in order to get goals accomplished. These goals that are set typically will have managerial goals to accomplish and leadership goals to empower employees to make creative solutions. Organizations need leaders to help accomplish and complete their goals on a day to day basis.
* Question 1 2.5 out of 2.5 points | | | Quality of organizational achievements can be identified by measuring ____________.Answer | | | | | Selected Answer: | customer needs being met | | | | | * Question 2 0 out of 2.5 points | | | Gaining commitments from organizational members to achieve management's goal is __________:Answer | | | | | Selected Answer: | cooperating. | | | | | * Question 3 2.5 out of 2.5 points | | | Middle managers:Answer | | | | | Selected Answer: | develop objectives to implement top-management goals. | | | | | * Question 4 2.5 out of 2.5 points | | | Which of the following is not one of the business functions that are universal and apply to every type of business?Answer | | | | | Selected Answer: | power team training | | | | | * Question 5 2.5 out of 2.5 points | | | Management ____________ are the daily work activities, while management ____________ are their abilities, talents, or capabilities to perform the work.Answer | | | | | Selected Answer: | functions; skills | | | | | * Question 6 2.5 out of 2.5 points | | | Which of the following describes the role in which the manager is responsible for determining who in the work unit gets the resources, and how much each person gets?Answer | | | | | Selected Answer: | resource allocator | | | | | * Question 7 2.5 out of 2.5 points | | | An acceptable order or priority of the five primary management functions is ____________.Answer | | | | | Selected Answer: | planning, organizing, staffing, leading, controlling | | | | | * Question 8 2.5 out of 2.5 points | | | Which of the following is a part of controlling?Answer | | | | | Selected Answer: | measuring performance against standards | | |
The new chief executive officer (CEO) of your company is a strong believer in the four functions of management theory. In preparation for a management meeting, he has asked you to write a report that he can use to explain the theory to his management team. In the report, he would like to see some specific examples of firms that practiced these four functions. For a company with which you are familiar, use each of the four functions to do the following: Assess how the overall management team performed in terms of the four functions of management, which are as follows: Planning Organizing Leading Controlling Identify and explain the strong points of the managers. Identify and explain areas in which improvement is needed.
As an employee describe your role in the strategic planning process of an organization. Also highlight your role in implementation process and in supervisizing and managing processes of an organization Week 1 Discussion Question Select a small business that you may want to start. What is strategic management and planning? Why would a strategic plan be important to the success of this business? How are the four functions of management relative to creating and implementing a strategic plan?
Week One Leadership in Organizations Shavonne Herriot June 5, 2012 Barry Foster PhD “Leadership has been described as a process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task” ("Leadership ", 2012). There are many different conceptions of leadership. Attempts have been made to organize leadership according to major approaches. One such approach is the Behavioral Approach to studying Leadership. This approach started in the early 1950s when researchers began to pay closer attention to what managers really do at their jobs.
ILM Level 4 Award in Leadership and Management Understanding the Management Role to Improve Managerial Performance Work Based Assignment Candidate Name: Stephen Hughes Date Submitted: 8th April 2013 Contents |Contents |Page | | | | |Introduction |3 | | | | |Understanding the specific responsibilities of middle managers in enabling an organisation to achieve its goals |3 | | | | | | | |Understand how communication and interpersonal skills affect managerial performance in the workplace |6 | | | | |Be able to assess personal development opportunities to improve own managerial performance |7 | | | | |References