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Functions of Management good management is vital for the success of any business and however most regulations adopted by the manager have an internal objective and depend on internal forces, they must at all times be developed with regard to the external forces as well. All these factors might influence corporate actions and therefore have an impact on the overall organizational goal. These factors of influence impact all four functions of management: planning, organizing, leading and controlling.
Among the internal factors which influence the four dimensions of management, one could point out:
Planning: the personal capabilities of the manager to develop and implement a plan; the manager's capability to foresee future events; the company's mission and goals and its capability to achieve these goals, including its available resources
Organizing: available resources, including personnel; communication systems
Leading: managers' capabilities to motivate and influence the staff; the communication system and constant cooperation between staff and management
Controlling: the objectiveness of the managers in evaluating the actions implemented by the organization and his capability to correct misused ones
Among the external forces which impact the four functions of management, one could point out:
Planning: external developments in planning, such as technologies; external resources; the strategies implemented by the competition
Organizing: external relationships with partners, such as intermediaries, suppliers and other stakeholders
Leading: strategies implemented by the competition; techniques required by the environment, such as minimum wage or environment protection
Controlling: the performance standards implemented by other companies or supervising and regulating authorities
All in all, there are universal features which influence the organization, such as the internal communication system and the skills of the staff, or the external strategies implemented by the competition and the requirements of the environment, but there are also specific requirements adapted to the certain function of the management.
References
Pakhare, J., 2007, Management Concepts - the Four Functions of Management, Buzzle Articles, http://www.buzzle.com/articles/management-concepts-the-four-functions-of-management.html, last accessed on March 3, 2008
Erven, B.L., 1994, the Five Functions of Management, the Ohio State University, http://ohioline.osu.edu/~mgtexcel/Function.htmllast accessed on March 3, 2008
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