Functions of Management

Functions of Management MGT/330 February 14, 2010 University of Phoenix Functions of Management Todays business environment may be one of the most challenging in history. Over the outgoing decade, increasing globalization has created world economy that is far to a greater extent competitive and more interconnected than that of the 20th century. Additionally, the rise of the Internet- and some other technological change- has pressured organizations to become more streamlined, more nimble, and more efficient than ever before. Now, a global recession has added more to the encompassing array of challenges facing todays business leaders. The residual between success and failure in this environment leave behind be decided by the effectiveness of management. Organizations must lock managers who can engage their workforces and lead them through todays competitive landscape. The art of management is to get a collection of people to work together toward achieving stated goals (Newens, 2008). In parade to master this art, managers must first learn the four rudimentary functions of management: planning, organizing, leading, and controlling (Bateman & international ampere; Snell, 2009). This paper will test each of these functions and identify how each contri notwithstandinges to organizational success. According to Bateman & Snell (2009), . . .

great executives not only adapt to changing conditions but also apply- fanatically, rigorously, consistently, and with discipline- the fundamental management principles. Nothing can be achieved without proper planning. The management function of planning involves setting goals and specifying the actions undeniable to achieve those goals (Bateman & Snell, 2009). Setting goals and developing plans helps the organization to bring in a focused direction while operating(a) in an efficient and effective manner (Thomas & Plenert, 2006). For example, envision a large national bank after the learning of an equally-large competitor. Successfully integrating the two companies is dependent... If you want to get a full essay, order it on our website: Orderessay

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