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¶ … Functions of Management:
While there are additional functions of management that are identified in some cases, the four most common functions uniquely explain the jobs of managers. This is because they differentiate the process of management from that of marketing, accounting, finance and other functions of business. Since the most basic management is founded on a functional framework, these four functions provide a helpful way of categorizing information regarding management. These management functions also allow organizations to deal with the planned, tactical and established decisions with their main aim being to have a controlled strategy over the protective measure. The four major functions of management are
Planning:
This is considered as the base or foundational function of management upon which all the other functions are established. It basically involves setting goals and determining a course of action for the realization of these set goals. In addition to requiring managers to be aware of the environmental conditions that the firm faces, planning also necessitates the evaluation of the current status of the organization and predictions of its future status. Planning is an ongoing course of action since an organization has to alter its strategies in order to achieve certain objectives depending on the conditions it faces. These environmental conditions are in most cases uncontrollable because they happen...
Environmental scanning is then followed by attempts to predict future conditions, which constitute the basis of planning. During this process, objectives must be established and alternative courses of action to accomplish the set goals are determined. Following the assessment of these alternative courses of action, managers must choose the best step and ensure that the plans are implemented effectively. However, these managers may be forced to take corrective actions when the chosen step isn't effective after constant evaluation.
Organizing:
Organizing is the subsequent function of management that involves the setting up of an organizational structure and distributing human resources in order to achieve the objectives (Barnett, n.d.). Through the process of organizing, the management must determine the internal directional structure, set up and maintain relationships and also allocate necessary resources. In the determination of the internal directional structure, the management needs to look at the various departments or divisions of the organization. Each department or division of the organization is assigned resources…
References:
Barnett, T. (n.d.). Management Functions. Retrieved April 24, 2011, from http://www.referenceforbusiness.com/management/Log-Mar/Management-Functions.html
Pakhare, J. (n.d.). Management Concepts -- The Four Functions of Management. Retrieved April
24, 2011, from http://www.buzzle.com/articles/management-concepts-the-four-functions-of-management.html
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