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management functions
Management function and roles
Management function and roles
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The organizing function of management deals with activities that result in the formal assignment of tasks and authority and a coordination of effort. Management staffs the work unit, trains employees, secures resources, and empowers the work group into a productive team. Organizing is the managerial function of arranging people and resources to work toward a goal. The purposes of organizing include but are not limited to determining the tasks to be performed in order to achieve objectives, dividing tasks into specific jobs, grouping jobs into departments, specifying reporting and authority relationships, delegating the authority necessary for task accomplishment, and allocating and deploying resources in a coordinated fashion.
These resources are what make an organization function as a single cohesive entity. Physical assets, monetary, human resources, knowledge and technology are prime examples of resources that help build upon the foundation of the organization. Knowledge and technology are two in particular that go more hand in hand during the organization processes of management of a company.
Circuit City is a prime example of an organization where knowledge and technology places a vital role within the functioning of management. Especially within the Information Age of which we are currently in, these resources combined help not only the employees of the company but for the customers who shop from our stores as well. As a Fortune 500 company, and one of the nation's leading providers of consumer electronics, Circuit City strives to offer value to investors, businesses and consumers (Circuit City, 2006).
When the company first opened its doors to the public back in 1949, it wanted to provide the community with...
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...ogy. Sure, it's possible if that e-Learning system was not available to us, employees could have looked it up on the internet and found out but the resource in the store is specifically geared towards employees so that it can be properly learned, explained and used; by the employees and then ultimately by customers.
This explains why the resources of technology and knowledge function together when trying to form that structure to make the organization stronger and to make it a profitable business. Because of the knowledge and technology that has been provided to the employees through the channels of the organizing function of management, Circuit City has proven to provide that back to the community and that is a reason why customers shop from the company.
REFERENCES
Circuit City, 6/16/2006
http://www.circuitcity.com/ccd/lookLearn.do?cat=-13317&edOid=105485&c=1
General Electric Corporation is a multi-billion dollar conglomerate founded in 1892. The company was founded in Schenectady, New York to capitalize on the patents of Thomas Edison and the use of electric power through generation and distribution. Now a blue chip publicly traded company that has branched out beyond its core into arenas such as aircraft engineering, television, and home appliances to name a few. Over the years the corporation has been through different management models that have brought innovation in many forms that have allowed them to be envied by companies around the world. Despite great success since its conception, like many companies who can withstand the test of times, it’s natural for them to become self-absorbed, which can have a negative impact on the company structure as a whole. Coming across someone like Jack Welch who can think out of the box and in a manner that doesn’t strain the resources of the company but expands the thinking of the company as a collective unit is needed to continue the legacy of innovation in all aspects of business.
Michael Dell is the founder and CEO of Dell Computers Inc. one of the largest sellers of personal computers in the world. His contribution to the computer industry is the “one-to-one relationship between the company and the customer— there are no intermediaries, no middlemen” (Krames, 2003, p.59). Not only did he relinquish the middleman, he also perfected combination of the bottoms up strategy and the just-in-time (JIT) by waiting till he received orders from the customer to build computers. In doing this, Dell increased its return on investment (ROI) while reducing its inventory overhead cost.
Technological -The knowledge explosion has introduced new technology for nearly every business function. As we enter a technology based century, the technology used in every organizations operation is increasingly turbulent, rocked by forces such as competition and customer demands. The technological element tends to develop through periods of incremental change punctuated by technological breakthroughs that either improve or destroy the ability of firms in an industry. It is the current state of knowledge about the production of goods and services in an industry.
The success of circuit city can be attributed to their concept of strong management, customer service focus and a good merchandising formula which capitalized on innovative electronic consumer products. They created world-class competencies in efficient and effective logistics expertise. Their deployment of sophisticated point-of-sale and inventory tracking technology, IT investments which helped them to connect the flow of information among geographically dispersed stores was the best in the industry. These core competencies allowed them to track customer preferences and enabled them to adapt quickly to changing trends. Added to these competencies, their highly trained sales personnel who provided superior service
GC3 has been able to turn a small local business into a national chain that provides many different menu items. They also have utilized this to their benefit to help with reduced sales because of seasonal effects. Although, the company has been able acquire other business and expand, their competitive advantage is limited since they lack the HR systems needed in place to create a long-term successful business.
In the future our firm could offer, the facility to make computers to consumers tastes, needs and budget. This is what the Gate Way Computer Company, which was very successful.
With the popularity of electronic products in recent years, as the electronic product technology content high, the fashion of the "apple" products particularly popular, when apple new products come out, can always lifts a "apple fever" in the world. As a high-tech product research and development, the production company, apple has many strong competitors in the whole world, such as Nokia, Samsung, IBM, DELL, and as a company that was established not long in the hands of the strong to return success to take off the circumference, this is inseparable with apple's products. Innovation as a source of enterprise survival and development, the company was established in the beginning of is to penetrate the idea to the enterprise culture; it is because this kind of thought, make apple's products is different. Apple in the publ...
Over the past 55 years Circuit City has transformed from a small local television store to an international chain of superstores. Circuit City will continue to be a competitive company in the consumer electronics industry as long as they offer a strategic plan that leads to larger sales.
For a company to be successful it is important that it has very good organization. Organization can be defined in many different ways. Bateman and Snell define organizing as assembling and coordinating the human, financial, physical, informational,
Organization is the function of assembling and coordinating human, financial, physical, informational and other resources needed to achieve goals. Without this function, my business would have folded in the first week. I have midlevel managers to gather together my employees, and discuss the plans for the week. Specific shoe styles must be displayed and organized in a certain order. Information must be disseminated to our marketing team so they know who we are targeting and what steps to take to increase our visibility and productivity. Organizing is not something just one person can do alone. For this function to work, it will take the entire team to pull together for us to triumphant.
Within the successful planning and execution of every prominent business today is the underlying factor of operational management. Although in the early terms most companies that focused on this area were manufacturing companies, this innovative idea has struck cords into service and retail. From creating software to computers Dell has risen in the last 20 plus years to become one of the worlds leading technological innovators. In 2006 Dell achieved a pivotal goal and was named on the list of the Fortune 500 a coveted seat among all businesses.
There are four different functions of management. In this paper, I will define these functions; planning, organizing, leading and controlling. I will also explain how each of these functions relates to my own organization. Bateman and Snell (2004) define management as the process of working with people and resources to accomplish organizational goals. By utilizing the four different functions of management companies can work with their employees and other resources to reach the organizations goals.
The XYZ Corporation was established in 2004 and their main office is located in Vancouver, BC. The company’s main objective is to create new innovating technology for media devices, computers, and digital music players. They deal with the design, manufacturing and marketing of the products. XYZ Corporation has been providing Canadians with groundbreaking technology throughout the years and continues to create new technology to provide others with top-level technology. Although, recently their success rate has appeared to drop rapidly due to a number of factors that will be explored throughout this case study. Their main objective is to target the problems so that they can work towards having the issues resolved as quickly as possible. If they do not take any course of action, the state of the company may be in extreme danger. This case study is designed to explore the areas of the company and discover the problems blocking the XYZ Corporation from success.
Apple has made reasonable management of its human and material resources since its innovational approach demands effective strategic allocation of its resources to the development and utilization of its productive resources to support its innovative investment strategies. Effective strategic control brings power to Apple’s decision-makers to allocate its resources to confront the technological, market, and competitive uncertainties which are inherent in the innovation
In order to achieve the goals of the organisation, managers have to set goals and developed a workable plan to complete the goals. Organising is one of the processes to organise people, activities and other resource in a logical way (Davidson 2009). Through the organising