Business productivity can rely on a variety of factors but management of a business plays a key role in how successful any business will or will not be. The four basic functions of all businesses are similar no matter what the business is. Planning, organization, leading, and controlling all serve an important part in achieving management’s vision. Each component is important and one cannot function well without the others (Rothbauer-Wanish, 2009).
Planning
Management must plan on how to meet the company’s mission statement. In other words, what goals are set for the company and what is the plan for reaching those goals. A marketing plan will definitely have to be established to focus on whatever product is to be distributed or sold. An advertising strategy will have to be included in market planning. Managing employees will have to be figured in the planning of running the company. Sales’ planning is another important factor in managing the company goals and vision. Making the company’s product and or services valued is also part of the management planning. Planning as described plays its role in the successful management of most, if not all, successful companies.
Organizing
Organization of a company’s employees and the resources needed for the employees to do their duties is management’s responsibility as well. Organizing employees in proper shifts is important for productivity. Not enough employees scheduled for a shift can hinder production and having too many scheduled can limit resources available for the employees. Management’s skills may come in to question if employees and resources are not affectively maintained. Remaining competitive in whatever market the company is involved in is also part of organizing, as well as, foreseeing possible shifts in the market structure. Being a flexible and adaptive organization will help management stay focused on their customers’ needs and wants. Human resources and a diverse workforce are key components of...