Functions of Management
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Successful Functions of Management
Are you someone who likes to plan? Do you like to organize? Is leading your cup of tea? How about controlling situations? If you answered yes to all these questions then being in management is something you need to consider. The functions of management are crucial to building an empire and if your company or business does not possess these functions of management then you may be doomed.
“Management is the process of working with people and resources to accomplish organizational goals.” (Bateman, 2004) One aspect of being a good manager is being able to deliver strategic value or planning. “Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Planning activities include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies, and determining the resources needed to achieve the organization’s goals. Plans set the stage for action and for major achievements.” (Bateman, 2004) At Texas Instruments (TI), managers plan everyday. In my organization we put together annual plans for finances. We put together people plans so that we know how many people we will need to hire for certain job openings. The Director, or top-level manager, must plan on what types of individuals are right for his certain business. How many mid-level managers are required to help the top-level managers? Once he gets his “ducks in a row” he then begins to organize his plan.
“Organizing is assembling and coordinating the human, financial, physical, informational and other resources needed to achieve goals. Organizing activities include attracting people to the organization, specifying job responsibilities, grouping jobs into work units, marshaling and allocating resources, and creating conditions so that people and things work together to achieve maximum success.” (Bateman, 2004) When managers begins to organize, they are planning on building a dynamic organization. At Texas Instruments we determine which business functions are needed and who will they report to. What will be involved in the business function and how many people do they need working for them to get the job completed. We also work by project. A project is named and the resources for that project are acquired by interviewing individuals and determining if the project can be done by already existing employees. Now that the organizing is completed and the highest qualified candidates and most diverse are hired then we must choose who will be leading the process.
“Leading is stimulating people to be high performers. It is directing, motivating and communicating with employees, individually and in groups. Leading involves close day-to-day contact with people, helping to guide and inspire them toward achieving team and organizational goals. Leading takes place in teams, departments and divisions, as well