Management is a structure that is necessary in any business or organization. It can be defined as follows, "The process of working with people and resources to accomplish organizational goals." (pg 14) The process of management can be broken down into four different functions: planning, organizing, leading, and controlling. It is essential that these functions work together to be effective as proper management.
Planning is a function where managers work together with others in the organization towards a common goal. Whether the goal is to increase profits or retaining employees is not the point. Working together and coming up with a plan to achieve that goal is. To be competitive in a local or global economy you need to begin by coming up with goals and create a plan on how to achieve them. Sometimes change is needed in leadership. Goals may need to be changed and updated from time to time.
The planning stage will help in laying out these goals and the steps the organization will need to follow.
Organizing an organization's resources is the next step toward success for any management team. What can a business offer to attract employees, how can they acquire the financing they need, or what are the proper materials needed to get the project off the ground? These are but a few of the questions that need to be answered during the organizing phase. All of the resources need to be organized so they can be used to the companies highest potential. If a company has strong financial backing but fails to offer incentives to retain their employees they will fail in the end. It is the employees that keep a company running. It is such a waste to spend the time and money to train an employee, and...