The Five Functions Of Management - 1572 Words

The five functions of management are imperative in any business especially mine where we use computer technologies as our main source of profit. My company is a contract based company that provides technical support to a variety of customers through a cloud system to replace any IT information needed. In a business such as mine, the practices of planning, leading, organizing, staffing and controlling are all equally important. Each function has its own place and use in both a conjunction with other practices or on its own. In this paper, I will go into depth on how each practice is used either by me or by my other co-workers that make up our team. A manager is not just a team leader to me but, a planner, organizer, coach, problem solver, motivator, and decision maker. A manager’s schedule is typically full with employee meetings, unexpected issues, policy sessions, and other miscellaneous tasks that may arise throughout the day. In the day to day business world, a manager has to use the planning function. As stated in our book, â€Å"managers use the planning function to choose appropriate organizational goals and identify courses of action to best reach those goals† (Reilly, Minnick, Baak, 2014). My company uses the planning function not only to set goals, but to determine what contracts are going to be pursued next. We first assess the environment of which we are going to take on at work. Then we review the potential company and the scope of work in which they would likeShow MoreRelatedThe Five Functions Of Management1649 Words   |  7 Pagesskills, technical skills, team-building and leadership skills , political skills, delegation skills, possess emotional intelligent and self-awareness skills, administration skills, and time management skills. I will reveal how these traits coincide with the five functions of management. The five functions of management are known as planning, organizing, staffing, leading, and controlling. I will also talk about the importance of managerial relationships within an organization, and how these relationshipsRead MoreThe Five Functions Of Management1581 Words   |  7 Pagesproductive work force in today s economy. The five management f unctions include planning, leading, organizing, staffing, and controlling resources is key to achieve the goals of an organization. Regardless of their profit motives or levels of performance, all organizations have a management structure and staff. Even though the organization exists for a certain purpose, such as providing a service or producing a product, the coordinating of these five primary activities are necessary to maintain aRead MoreThe Five Functions Of Management2125 Words   |  9 PagesIntroduction Management is the manner of taking responsibility to oversee activities of an organization so it can achieve its objectives. The manager is responsible for carrying out certain functions which include: planning, organizing, staffing, leading and controlling. Managers, regardless of the level, share in these common duties. The five functions of management are interconnected. For success to be achieved, the five functions must all be implemented in line with the vision of the organizationRead MoreThe Five Functions Of Effective Management1867 Words   |  8 PagesThe role of management contains the responsibilities for sustaining the life cycle of an organization. According to textbook â€Å"The Five Functions of Effective Management† by Baack, Reilly, Minnick (2014) Peter Drucker in 1985 made a formal statement regarding management. In textbook â€Å"The Five Functions of Effective Management† by Baack, Reilly, Minnick (2014) Peter Drucker in 1985 stated, â€Å"Man agement in turn is the organ of the institution (chapter 1.2).† Peter Drucker visual outline the conceptRead MoreFayol s Five Functions Of Management1099 Words   |  5 PagesWe may define management as â€Å"a process that involves planning, organizing leading (or deploying), and controlling resources in order to achieve goals† [Martin, J, 2010, pg12]. A manager must exercise influence over others using extrinsic motivation to optimise an organisations performance. There is little consensus about the term management, with many management theories outlining what is required of a manager. Theorist, Mintzberg, purposed the most suitable theory for an engineering discipline.Read MoreImplementing the Five Functions of Management Essay1354 Words   |  6 PagesImplementing the five functions of Management Margaret E. Bridges MGT 330 Thomas Kook 12/19/2011 The five functions of management practices are planning, leading, organizing, staffing and controlling. These functions are essential to forming a successful company with high revenues. Working in the healthcare field I have found that these functions are important to running a successful company. My current employer sets standards to follow and takes corrective action to ensure allRead MoreWhat Are The Five Basic Functions Of Project Management1214 Words   |  5 Pagesis Project Management Project management is a series of steps taken in sequence to manage a project through all phases from conception to completion. The steps are documented in a strategic plan. The plan is used to ensure that all parties are working towards a common goal. Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizingRead MoreThe Five Management Functions Within The United States Air Force1501 Words   |  7 PagesThe five management functions can be found in any successful organization and is the foundation for achieving the organizations goals. Our text states, â€Å"management functions encompass innovative planning, detailed organization, diligent leadership, systematic staffing and finally must possess those abilities that permit the controlling of both human and organizational resources to accomplish a company ’s pre-determined objectives. (Baack, Reilly, Minnich, 2014, p. 1.3) â€Å"In this paper I will addressRead MoreWhat Are The Five Main Functions Of Global Human Resource Management?1386 Words   |  6 PagesArticle 1- â€Å"What are the five main functions of Global Human Resource Management ?† According to the article the worldwide integration of business has made an impact on the task of Human Resource managers because of diverse culture, new notions and different products. In the article there are five main international concepts that are essential for Human Resource Management to ensure the smooth working of business. These are as follows- †¢ Hiring- To entice, retain and recruit a proficient worker isRead MoreFayol s Five Processes Of Management1172 Words   |  5 PagesManagement functions have traditionally been defined in terms of planning, organising, commanding, coordinating and controlling. Since the publication of The Nature of Managerial Work (1973), academics have questioned the validity of the classical model, compared with Mintzberg’s ten managerial roles. Fayol’s five processes of management functions are essential for studying constituent elements of management, while Mintzberg’s model further details the complex, multidimensional nature of management