Functions Of Management The Four Term Paper

For leadership to attain its greatest potential there needs to be a strong shared vision across an entire organization, with each member of the organization seeing their part of the total vision being accomplished through their efforts. This ability of leaders to create a high level of ownership of the vision of their organizations is critical if lasting change is ever to be accomplished in many oil and gas companies. This ability to create a high level of internalized support for a vision, then managing its fruition and development over time, is critical for a leader to be successful in accomplishing strategic goals and objectives. Further, leaders must focus on how to manage their staffs and subordinates to bring out their best attributes or strengths as well. By being developmental and concentrating on how to bring out the innate strengths of their subordinates, leaders add immeasurable value and strength to their organizations in the process. The essence of effective leadership is in holding on to a vision while at the same time growing subordinates and associates to make the strategic goals leading to the visions' attainment more achievable. Controlling

This is the phase of management that centers on providing feedback on the performance of both individuals and work groups relative to objectives, goals, and standards as set by leaders during the planning and leadership phases of the management phases discussed in this paper. Control can be seen as both from a coaching standpoint of continually helping associates and subordinates attain their highest levels of performance while also contributing to the growth of the organization by having its goals met at the same time.

In the case of an oil and gas company, the control function has many perspectives associated with it. First there is the need for controlling the process of exploration, extraction and treatment through highly process-centric series of techniques that look to create as much efficiency as possible,...

...

A secondly, control needs to be seen as a continually functioning feedback loop that defines how a given process is at attaining its objectives or not. Control, while at times being seen as negative or even autocratic, needs to be positioned and seen as a strategy for how to improve over time. Only by creating control-based processes and functions throughout an organization can improvement and the attainment of objectives occur. In the case of oil and gas companies, the control functions surrounding the development, launch and marketing of products and service ensures that revenue and profit objectives can be met.
Summary

In conclusion, the attainment of objectives within any oil and gas company or organization is more tied to the development of the phases of planning, organizing, leading and controlling vs. any other set of macro-processes. The need for creating a consistent and highly shared vision where contributors can internalize its value and see their contributions is a powerful, galvanizing force in the development and attainment of objectives. The concepts of planning, organizing, leading and controlling are critical for the successful functioning of any oil and gas company or organization.

Sources Used in Documents:

References

Aguirre, Calderone, Jones (2004) -10 Principles of Change Management. Resilience Report, Booz, Allen Hamilton. New York, NY. Accessed from the Internet on February 24, 2008:

http://www.strategybusiness.com/resilience/rr00006?pg=all

Raymond E. Miles (2007). Innovation and Leadership Values. California Management Review, 50(1), 192-201. Retrieved February 23, 2008, from ABI/INFORM Global database. (Document ID: 1392087651).

Jafar Razmi, Fariborz Jolai, Behzad Hezarkhani. (2008). Designing collaborative roles and responsibilities in supply chain. International Journal of Management Practice, 3(1), 96. Retrieved February 24, 2008, from ABI/INFORM Global database. (Document ID: 1401559971).


Cite this Document:

"Functions Of Management The Four" (2008, February 25) Retrieved April 26, 2024, from
https://www.paperdue.com/essay/functions-of-management-the-four-31942

"Functions Of Management The Four" 25 February 2008. Web.26 April. 2024. <
https://www.paperdue.com/essay/functions-of-management-the-four-31942>

"Functions Of Management The Four", 25 February 2008, Accessed.26 April. 2024,
https://www.paperdue.com/essay/functions-of-management-the-four-31942

Related Documents

Management Functions Management Model This paper is divided into three parts. The first part discusses the implications of the four functions of management model for today's managers and defends why these four functions are still applicable to each and every role of a manager in today's challenging business environment. The second part explains the importance of sustainability efforts for an organization and their impacts on the job responsibilities of a manager. It

Functions Management What are the different functions involved in management? How do they help one to achieve success in the workplace? In what ways does each of them enhance the organizational culture? One will study in depth the various aspects of managing others and apply them to a city Police Department setting. The four areas of management consist of planning, organizing, leading and controlling. Anyone that is in law enforcement has some

They doubted that enough PCs would be sold to make MS-DOS successful. Bill Gates begged to differ, bought out the rights to MS-DOS, which he had originally written for IBM, and Microsoft was born. Mr. Gates has tremendous passion for his visions and that passion is contagious, and that is a critical skill for any manager to make planning work as part of their management style. Planning as a management

When all the needs or expectations of the stakeholders are met, the business will continue to thrive. Core Human Resource Functions Involuntary turnover is rampant among employees of high talent. These employees form then crucial asset that determine the overall success of the organization. Involuntary turnover occurs due to issues such as frequent absences, premature termination of contracts, sexual harassment or by the mere fact that an employee becomes overqualified for

Whereas the other functions of management focus on methods, and operations, and policies, and organizational structure, leadership pertains exclusively to people. Management also includes various functions that relate to personnel, such as the establishment of hierarchical structure, and supervisory policies and practices. However, even in these personnel-oriented functions, management and leadership are substantially different. Leadership includes the use of specific styles (such as transactional, charismatic, transformational, and servant leadership). On

"The most important issues which have to be addressed here are precise monitoring (diagnosis) of current results and their comparison with what has been planned. Effective managerial control must always be followed by feedback for correcting initial plans " (http://www.bashedu.ru/konkurs/ibatullina/eng/function.htm). The observation of the way in which people within an organization behave is of extreme importance. But leaders and managers obtain feedback not just from observations, but directly from people.