Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Implementation of corporate strategy
Implementation of corporate strategy
Importance of planning in an organization
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Implementation of corporate strategy
Kudler Finer Foods was founded in 1998 by Kathy Kudler with the vision to create one store that carried a wide-selection of fresh ingredients and gourmet tools at a reasonable price. Five years later, Kathy's vision has expanded to three stores, and soon a fourth. Kudler has demonstrated successful business strategies to maintain the growth her company has experienced over the life of her company. This paper will examine the primary functions of management as related to Kudler Finer Foods; discuss how technology and the internet are used by Kudler, and how Kudler fits into Porter's Model of Management.
Primary Functions of Management
There are four basic functions of management; planning and strategizing, organizing, leading, and controlling. These functions are necessary at all levels of the management process. Different levels of management may function more heavily in one function than another. A description of each function is listed in Table A.
Table A: Management Functions and descriptions
1. Planning and Strategizing Necessary to set future goals and objectives and important to develop a plan to reach the future goals.
2. Organizing Specifying how the company's resources will be used to achieve goals.
3. Leading "Energizing people to contribute their best individually and in cooperation with other people", (Gomez 2002)
4. Controlling Measuring performance and comparing it to the set goals, changing what is necessary, and watching progress.
(Gomez-Mejia & Balkin, 2002)
Kudler Finer Foods is overseen by the founder and president of the company, Kathy Kudler. Kudler has three store managers and three directors that report directly to her; a director of finance and accounting, a director of store operations, and a director of human resources. Each director also has employees that report directly to that position to assist them with their job.
The president of the company is primarily responsible for planning and strategizing for the company. She keeps up-to-date on all aspects of the business by environmental scanning, and interaction with her direct reports. This enables her to steer her company into the future. Kudler is also directly involved in organizing, leading, and controlling of her company, although these functions are managed primarily by the other management levels.
The directors of the company function primarily in the organizing function of management.
Evaluation and review should be an ongoing process of learning, embedding a process of continual improvement and development. The key to evaluating is knowing what we are measuring. We cannot monitor and evaluate the team’s progress towards agreed objectives without clear advance planning of what we want to do and how it will be achieve. Effective strategic and operational planning, incorporating clear measurable objectives, is therefore an important
Stephen Boos has worked in the food service industry for over 30 years. He started as a bus person and subsequently trained as a chef’s apprentice. Steve’s mother believed that a college education was something that everyone should receive. She felt that a college degree was a good investment in Steve’s future. In 1976 at his mother’s insistence, Boos moved to Northeastern Ohio to attend Kent State University where he earned a bachelor’s degree in business administration. After graduation, Steve began working for East Park Restaurant as a line cook. Using his education as a foundation, Steve made a point to learn everything he could about running a restaurant, from cutting meat to the bi-weekly food and beverage orders. His versatility, keen business sense, and ability to control costs resulted in Steve’s promotion to General Manager, as role he has held since 1995.
Each department within Kudler Fine Food's organization implements certain business process with which they conduct their daily business functions. Therefore, some departments within Kudler may experience some process changes if a contractual relationship with local growers were to occur. An area that may receive an increased change in business process would be the legal area. "Kudler uses very few custom forms, preferring instead to use forms (contracts, order forms, etc) that are supplied by the parties the company is dealing with. For example, the leases on the stores were contracts supplied by the lessors. The few customized forms the company uses were obtained from "of-the-shelf" computer programs and slightly modified by Kathy or her assistants" (Apollo Group, 2003). Since Kathy Kudler is the primary legal decision maker, along with counsel from her sister-in-law and lawyer Anne Shousha.
Envisioning goals: Focus on the right direction to help the group manage the organization in both long term and short term goals.
Kudler Fine Foods was started by a women, owner Kathy Kudler, who had a passion for cooking and a love for shopping for unique and creative culinary options. Kudler’s entire business plan focuses on the consumer, their needs and their wants, as well as what will provide them with the best customer service available in the San Diego, Metropolitan area. Kudler is constantly receiving new products, offers catering services and online options for shopping, as well as a staff that is educated about the products sold at Kudler Fine Foods locations. The trends at Kudler revolve around healthier living, and healthier eating. Since food trends come and go, Kudler must employ a knowledgeable staff that remains on top of the latest, emerging
Successfully running a business or organization requires mastering the four primary functions of managing. The four functions of management are planning, organization, leading and controlling. I manage a flourishing online shoe store (www.myhoodjapan.com), and each of these functions is important to my stores success. This paper will define the functions, and will explain how each relates to my Organization.
“Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind” a famous quote about our goal by Seneca. It is a metaphor about the achievement goal and objectives by good planning skills. One has to plan for what one wants to achieve and where one wants to go. One of the most important things is to have good planning, before taking any project the first think you should do is to create project plan. Planning can be defined as preparing a sequence of action to achieve specific goals and objectives. According to Kerzner (2009), “project planning is desirable that the project manager is involved from project conception through execution. It must be systematic, flexible to handle, closely disciplined through reviews and control and capable of accepting multi functional inputs (pg. 412)”. The importance of planning a project is to describe the work so that it will be easily identifiable to the project team member.
Managers have five major functions to perform, namely planning, staffing, organizing, controlling, and coordinating. These roles or functions of the management separate management from other roles such as marketing and accounting among others. The lessons that I have currently learned will help me in becoming a manager who will be capable of making various decisions that will have an impact on the whole firm. Additionally, the area where I have much interest in is the function of controlling in management.
It enables an organisation to plan future activities by considering a number of questions such as: What are our Strengths? How can we build on them to ensure that we offer a better product than our competitors? What are our Weaknesses? How can we eliminate them? What are our Opportunities?
Explain the importance of defining the objectives, scope and success criteria of the decisions to be taken
function, managers need to analyse how activities and resources are to be grouped and carry out plans successfully (Bartol 2007). A manager have to understand their ability to manage the lower level employee which is the most valuable of the company as they are the key of output and implement in the planning. Then manager will coordinate the jobs between authority and responsibility that is to define the role position of them (MSG 2012).
Norman, L. (2014). What Are the Four Basic Functions That Make Up the Management Process? Houston Chronicle. Retrieved from http://smallbusiness.chron.com/four-basic-functions-make-up-management-process-23852.html
A manager has four principal functions or duties of management. These include; the process of planning, organizing and leading an organizations human, financial, material, and others resources to increase its effectiveness. (George & Jones, 2005)
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 four functions of management include: planning, management, leading and controlling. Internal factors impacted the PLOC in many different ways. Everything internal and external for this company deals with planning, organizing, leading and controlling, as it is the foundation for any management team.