Running head: Overview of Management
Abstract
Kathy Kudler started Kudler Fine Foods when she saw the need for a gourmet food store in her local area. Her idea was well received by consumers and since opening its doors, has begun to expand into several locations. When an organization continues to grow and be profitable, it is important the company examines its current strategies and technological resources to the growing needs of the consumers. While an organization may reach the needs of the local consumers, in order to remain profitable and have an advantage on its competition, it needs to continue developing the internal organization as well.
Functions of Management
According to Gomez-Mejia & Balkin (2002) the four primary functions of the management process are “planning and strategizing, organizing, leading and controlling, and decision making.” The first function of planning and strategizing involves matching up where the company is headed with the goals and visions for the organization. By evaluation an organization’s strengths and weaknesses plans and strategies can be established to move the organization in the correct direction. Kudler Foods hired an intern, Tarra Emiliano, to organize a strategic plan so that Kathy Kudler, the president, could evaluate where the company was and how to set it in the correct direction.
The second function of management, organizing, is defined as “specifying how the firm’s human, financial, physical, informational, and technical resources are arranged and coordinated to perform tasks to achieve desired goals” (Gomez-Mejia & Balkin, 2002). Kudler Foods has an organizational chart which distributes each of the key specific areas to an executive in the firm. Harvey Stephens is Director of Finance and Accounting, Yvonne Reynolds is the Director of Store Operations, and Brenda Wagner is the Director of Administration and Human Resources. By having an executive over each specific area, this gives each person...