Functions of Management
Eldon R Fields Jr.
MGT330 Management: Theory, Practice, and Application
Mr. Joel Tennis
September 15, 2004
Functions of Management
Management today has many balls to juggle. They are responsible for planning, organizing, leading, and controlling. Each of these responsibilities is essential in becoming an effective manager. Let us look at each of them.
Planning. Our text defines planning as "The management function of systematically making decisions about the goals and activities that an individual, group, a work unit, or the overall organization will pursue in the future." (Bateman-Snell: Management: The New Competitive Landscape, Sixth Edition, p. 15)
Each year starting in July, our plant starts the early stages of budgeting. We will prepare a budget for the next fiscal year. We use sales forecasts, which drive our direct and indirect costs. From the sales figures, we also budget for our staffing. Staffing the plant with enough employees to meet customer demands.
Project portfolio management
English: Training meeting and endomarketing in a s...
New toy. Bronica ETRS + 75 f/2.8If we go through an increase in sales, we will fill in the gap with temporary labor. If we take a slight dip, we may ask employees to take voluntary layoffs for a short period.
We bid on new work constantly. In preparing the bids, we analyze capacity. Can we do the work we are bidding on in the space that we have in our plant? We also analyze supply. Can we acquire the material needed to complete the job? Can the material be delivered to the plant in time for us to produce the parts and ship them to the customer?
Organizing. Our text defines organizing as "The management function of assembling and coordinating human, financial, physical, informational, and other resources needed to achieve goals." (Bateman-Snell: Management: The New Competitive Landscape, Sixth Edition, p. 15)
Daily the management of the plant has a meeting at...