The Four Functions of Management Essay Example | Topics and Well Written Essays - 750 words

The Four Functions of Management - Essay ExamplePlanning is the process of developing the air mission and objectives and determining how they will be accomplish (Evron, 1994). The political platformning function allows tutors to create business strategies to go through the long term objectives of the company. This function is very important because a music director that does not adequate plan the business trajectory of a company can expose the company to business risks. Planning involves the evaluation of internal and external factors. Forecasting methods such as the Delphi method can help a manager determine the future demand of the companys product. Based on this information a manager can plan the future equipment, labor, and inventory needs of the enterprise.The second managerial function is organizing. Organizing involves allocating and configuring resources to accomplish the goals and objectives set up during the planning process (Mcnamara, 2009). The function involves de termining the best organization structure to optimize the work accomplishment of the workers. As organizations get larger the organizing function becomes more important. A lack of organization can organise to business chaos. An example of a company whose managerial staff failed to perform the organizing function adequately is Enron Corporation. A manager that organizes well the companys resources is able to increase the work performance of the employees. The nature of a business influences the way a manager organizes an organization. The matrix organization structure is better suited for advanced(a) companies. In business environments in which the customers expect fast results a manager can empower the employees to call for their own decisions.The third managerial function is leading. Leading involves influencing peoples behavior through motivation, concourse dynamics, communication, and leadership (Rane, 2007). There is a direct correlation between motivation and employee perf ormance. A