Functions of Management
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Four Functions of Management
Planning is the process of defining a structured sequence of specific tasks that need to be accomplished to achieve a goal. Good planning is the key to all success of each project. While some projects involve the installation of whole production lines and others may involve only modifications to an existing line. Therefore the size or scope of the project must be a well thought out plan in place to guarantee a successful outcome. When someone is planning a project it is important to first imagine the completed project. The project manager must ask him/herself, what will the successful project look like? What are the customers requirements? After all these questions are answered the project manager can move forward with an action plan.
Organizing is how the internal structure of the company is set. It generally focuses on the division, coordination of activities and how tasks are controlled within the company. Most times
general company procedure demand good organization from the leaders and managers. At each company for the management is responsible for organizing all activities of the employees. This includes meetings that bring together all the employees on board. They also organize daily and monthly meetings within the specific affiliate factories when an issue arises. Proper organization of a meeting or how a project will be conducted results in successfulness of the company.
Leadership is very important, it is described as directing people to do specific duties by influencing their personal behavior through incentives and motivation, teamwork, individual dynamics and discipline. The core purpose of leadership is to channel all the employees behavior towards attaining the companys objectives. Leadership is the essential in creating and maintaining a healthy organizational culture within any business. Leading does not necessarily come from that in power but from any individual who provides information and suggestions on the way forward. Decision making within any business rests on the shoulders of the managers and leaders in the company who usually take risks whenever an issue that requires to be addressed arises.
Controlling is the last of the four functions of management. It involves establishing performance standards based on the companys objectives, and evaluating and reporting actual job performance. Once management has done both of these things, it should compare the two to determine any necessary corrective or preventive action. Through controlling, management is able to identify any potential problems and take the necessary preventative measures. Management is also able to identify any developing problems that need to be addressed through corrective action. (Vijayakumar, 2009)
Manufacturing Option
I choose to use outsourcing to manufacture my product, which is contracting