Functions Of Management

Functions Of Management

Length: 755 words (2.2 double-spaced pages)

Rating: Excellent

Open Document

Essay Preview

More ↓
Functions of Management
Virtually everyone is aware of the infamous "dot-com" crash in early 2000. However, not everyone is as conscious of the telecom bust. According to the editorial of The Economist, The Great Telecoms Crash, "The telecoms bust is some ten times bigger than the dotcom crash: the rise and fall of telecoms may indeed qualify as the largest bubble in history." Companies caught up in the telecommunications industry were forced to take huge debt write-offs and even resorted to fraudulent accounting tricks as displayed by WorldCom (Economist). Being involved in the manufacturing segment of the telecom market, I witnessed first hand the results of the crash, including massive layoffs, hostile corporate take-over, and enormous company debt. Many top managers and front-line supervisors were so consumed with demands, changes and challenges of the exponential growth of the telecom market that portions of the four functions of management were short-circuited , which are planning, organizing, leading and controlling.

How to Cite this Page

MLA Citation:
"Functions Of Management." 14 Nov 2019

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Management Functions And Functions Of Management Essay

- Management Functions in Everyday Life Possessing the traits of a manager, doesn’t necessarily mean you need the title of “manager”. One would be surprised at how we all use management traits in our everyday lives. We all plan, organize, lead or control in some way throughout the day, often times, without realizing it. For example, when getting ready in the morning, most people plan an outfit the night before, or maybe they organize everything needed for the next day, so it’s easily accessible on the way out the door....   [tags: Management, Plan, Project management, Planning]

Research Papers
727 words (2.1 pages)

The Functions of Management Essay

- The Functions of Management Most companies hire and depend on management for many operations. Operations such as creating business opportunities for the company to grow, delegate responsibilities, and lead internal functions with staff employees. There are normally three types of managers, Frontline managers, Mid-Level managers, and Top Level managers. Top-level managers are high ranking managers, with titles like CEO and can also be known as strategic managers. The Mid-level managers are tactical managers, which receive their orders from Top-level managers....   [tags: Business Management ]

Research Papers
823 words (2.4 pages)

Essay about Functions of Management

- Functions of Management The four functions of management are: planning, organizing, leading and controlling. Management is defined by many different authors as the process in which individuals motivate others to achieve a common goal. To be an effective manager you must not fail at any of the four functions or your team will not meet its common goals. When defining the four functions of management James Higgins suggested in his article entitled “the five functions of management” that there are five areas which are planning, organizing, staffing, directing and controlling....   [tags: Business Management]

Research Papers
1132 words (3.2 pages)

Functions Of Management Essay

- Functions of Management 2 Management is your team backbone, the person who delegates and make sure assigned duties get completed correctly. I believe the management system is about the chain of command. The chain of command starts at the employee and works itself up the ladder. Management personnel have a tough job; they are the people that have to organize their duties plus employee duties for the day. They are the people that have to plan the meeting and much more. They are the people that have to lead their team and set a good example of how they want their employees to be....   [tags: Business Management]

Free Essays
767 words (2.2 pages)

Functions Of Management Essay

- Abstract For a company to be successful management must be efficient and effective. This is dependent on the concepts management uses. Four basic management concepts are used in most companies to help accomplish the goals and objectives within the organization. Despite the implementation of solid management concepts, mistakes are made. Management must strive to learn from mistakes made, concentrating on improving management skills. Functions of Management Many forms of management exist such as management of resources, management of people, management of time, management of large groups, and management of small groups....   [tags: Business Management]

Research Papers
931 words (2.7 pages)

Functions of Management Essay

- There is no one definition for the term management. However, Fayol (1916) defined the term management as; “To manage is to forecast and plan, to organize, to command, to co-ordinate and to control.” Mc Ilwee.T and Roberts I, (1991): p.g117 Management is not standardized and is undertaken at all levels of the organization, as it is an integrating activity. Managers have to manage in order to achieve the overall objectives and strategy of the firm. All firms are seeking effective managers, and the quality of management is a key element of business success....   [tags: Business Management]

Research Papers
846 words (2.4 pages)

Functions Of Management Essay

- Functions of Management The process of working with resources and people in an organization to accomplish a goal can be defined as management. "The traditional functions of management— planning, organizing, leading, and controlling—continue to be the key activities used to enable the organization to accomplish its goals and objectives. Though significant changes have occurred in all organizational structures, processes, and managerial styles, these traditional functions remain a constant." (Anderson & Pulich, 2002, para 1) To be effective in any organization a manager must posses these skills....   [tags: Business Management]

Research Papers
851 words (2.4 pages)

Functions Of Management Essay

- Functions of Management There are four primary functions that are performed by management. These four functions are planning, organizing, leading and controlling (Batemen & Snell, 2009, p. 19). Planning is where all the concepts of an organization are conceived. Organizing is how the organization is setup. Leading is how an organizations management motivates its employees. Finally, controlling is how management determines how the company is doing and then decides what changes need to be made (Batemen & Snell, 2009)....   [tags: Business Management]

Free Essays
855 words (2.4 pages)

Functions Of Management Essay

- Functions of Management In current business practices is often ignored the importance of having a good leader. The writer, having served in the U.S. Marine Corps, was introduced into a way of leading man into combat scenarios. While serving in the military, the writer began like everyone else, as a follower. With the day-to-day challenges, the leadership portrayed by the higher-ranking individuals had become an example to live by. Marine Non-Commission Officers (NCO's) are feared throughout the world because of their devotion for their unit, country, and Core....   [tags: Business Management]

Free Essays
764 words (2.2 pages)

Functions Of Management Essay

- There may be many ways for an organization to become successful but the key to success is not the system of the firm but the character and skills of the individual manager (Maister, 2002). Maister further stated that the character and skill of individual managers who "practice what they preach" and recognize the manager's role in training employees are what's really significant. Management is necessary for a business to function, yet when exploring the role of the manager, it becomes rather complex....   [tags: Business Management]

Research Papers
1251 words (3.6 pages)

The first function for managers at all levels is to engage in planning. Planning involves devising a scheme for attaining the goals of the organization. "Planning is setting goals and deciding on courses of action, developing rules and procedures, developing plans and forecasting" (Dessler 5). One method of how our company accomplishes this endeavor is defining the mission, which is the purpose of our organization. Planning involves setting goals, and our organization formulated the goals into a tree. This tree consisted of revenue growth, earnings before income taxes and appreciation (EBITA), productivity, free cash flow, and people.
The key matter in accomplishing the goals set forth in the planning process is configuring the work of the organization. Organizing is defined as gathering and arranging the necessary resources. These resources can be human, financial, physical, or informational to carry out the plan. Our company has organizational charts for each level and shows job titles, lines of authority and relationships between departments. One aspect of the organizing function that is apparent in our business is the production manager matching employee skill level with task requirements to maximize productivity.
The third significant task that a manager does is leading. The textbook by Bateman-Snell, Management: The New Competitive Landscape, simply defines leading as stimulating people to be high performers. A leader can be a manager, but a manager is not necessarily a leader. With years of being in the workforce, I have come to believe that a manager is not necessarily a leader. There have been several managers that were proficient at the administrative aspects, which are planning, organizing and controlling but lacked the interpersonal portion of the manager's job. Recently, another corporation purchased our company, and with the looming transition approaching, there was anxiety concerning the restructuring and inevitable layoffs. However, the Chief Operations Officer (COO) gave a town hall presentation and afterward the anxieties were abated and employees were as enthused and confident as the COO that the new merger was an excellent strategic fit.
The final part of a manager's responsibility is controlling. The definition of controlling is verifying that actual performance matches the plan and that needed changes are made (Bateman-Shell 16). The first step in the control process is setting standards such as deadlines, material-yield, and budgets. Examples of controls we face as employees are based on performance such as absences, tardiness, accidents, quality and quantity of work. The next step is measuring actual performance, where supervisors measure our actual performance by collecting data. For example time cards, production records, inspection reports and purchase orders. After the data has been collected, managers compare the measured performance against the standards. One tool that is used in our plant is Six Sigma, which is a tool to determine if a process for a product is outside the acceptable variance. The final step involves the supervisor determining the cause from the standard. If the variance is not acceptable then action is taken to remove or minimize the cause.
A manager's job consists of planning, organizing, leading and controlling the resources of an organization. These resources include, people, jobs, technology, facilities and equipment, materials and supplies, information, and money. Managers work in an ever-changing environment and must anticipate and adapt to challenges. When top managers fail at planning and controlling as was the case in the telecoms crash, companies and the economy will suffer.

Works Cited
Batemen-Snell. Management: The New Competitive Landscape. The McGraw-Hill Companies,
Dessler, Gary. Management Theory, Practice and Application. Upper Saddle River: Pearson
Custom, 2001.
"The Great Telecoms Crash." The Economist 18 July 2002. 21 August 2004
Return to