The Four Functions of Management
December 2, 2008
In today’s business world, we go through many rapid changes. And as managers, we must be able to adapt to these changes for the better of the company and still keep our basic rules and guidelines in play. Though difficult at times, good managers must be able to apply four main concepts to their work environment: planning, organizing, leading and controlling. In many cases, the managers of the company are what can make or break a company.
The management functions of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue are classified as planning. In the past, executive officers would create business plans and would have managers implement their views. But with the rapid changes in demand and requests to satisfy customers, managers are now expected to analyze current situations, anticipate the future, determine objectives, decide in what types of activities the company will engage in, choosing corporate and business strategies, and determine the resources needed to achieve the organization’s goals (Bateman and Snell, 2007).
Organizing is assembling and coordinating the human, financial, physical, informational, and other recourses needed to achieve goals. Managers must be able to incorporate every aspect of the business when making decisions. In the old days, managers were only subject to their own department or field; but as businesses become more complicated, the employees themselves must learn to adapt to these changes. At ESI, we have doubled the number of managers that we have had in the past 7 years and all of these extra managers is due to the dramatic change in how we do business.
In any kind of business though, the main heartbeat of a company has always been its employees. No matter what kinds of managers or executive officers are taken into...