Premium Essay

Management Function - Planning

In: Business and Management

Submitted By coolietown
Words 426
Pages 2
Planning is the most important management function, in that it can be done independently of the other management functions.

The four key functions of management are applied throughout an organization. Management is simply the act of getting people together to achieve desired goal and this is accomplished through the four functions of management: planning, organizing, leading and controlling.

Planning means defining goals for future organizational performance and deciding on the tasks and use of resources needed to attain them. The intended result is the use of an organization's resources in a way that accomplishes its mission and objectives. However planning alone cannot achieve the organization’s goals or objectives.

These functions interact with one another and managers must be skilled in these coordinating processes and functions if they are to accomplish their goals through the efforts of other people.

First, one cannot tell which functions are most important and how much time must be allocated to each. All functions are important parts of a manager's job. A manager must have equal amount of planning, organizing, controlling, and directing for the organization to run efficiently. To say Planning is more superior or more important than the other management functions, is to say that planning is independent of the other management functions, is very much incorrect. No management function is independent of each other. In fact they are interdependent on each other. All four functions throughout the organization and are highly integrated.

The functions of management are important in all areas of management. In the operations department all four functions are important at all stages of the operation. The functions of management are needed at the input, processing and output stages. All functions are equally important for the creation of an…...

Similar Documents

Premium Essay

Planning Functions Ofmanagement

...The first function of management that will be discussed is planning. Planning delivers strategic value by presenting possible outcomes of any given situation, and possible solutions. Planning also will give specific directions, or actions to take for achieving goals. Planning is a way to ensure that everyone is on the same page. The second function to be discussed is organizing, a great organization system will provide easy access to information needed and distributed throughout the organization from top to bottom. Having a dynamic organization system will improve the company functions in all areas. The next management function is leading. Leading is about mobilizing people to work together for a specific goal. Leadership skills contain a wide variety of components. From the words, gestures and voice tone used in situations, to knowing others views and need. Plus being able to implement those issues and ethics into the workplace, and make a cohesive team for the company. The last function of management is controlling. Controlling is for learning from mistakes, and changing according to the situation to ensure the mistake is not made again. Controlling the business in a positive direction by making the right decisions in all four functions of management, will create benefit overall throughout all facets of the company. Creating change will allow room for better ideas possibly creating more revenue or productivity. Internal and External factors that affect the four......

Words: 593 - Pages: 3

Premium Essay

Planning and Leading Functions

...the ideas from any two functions of management can be used by managers to ensure innovative values and practices occur in their organization. TABLE OF CONTENTS Executive Summary …………………………………………………………… iii Introduction …………………………………………………………… 1 Purpose …………………………………………………………… 1 Scope …………………………………………………………… 1 Methodology …………………………………………………………… 1 Assumptions …………………………………………………………… 1 Limitations …………………………………………………………… 1 Background …………………………………………………………… 1 Plan …………………………………………………………… 1 Discussion …………………………………………………………… 2 Planning …………………………………………………………… 2 Organisational Goals ……………………….. 2 Strategic Planning ……………………….. 2 Leading …………………………………………………………… 3 Transformational Leadership .………………………. 4 Conclusion …………………………………………………………… 4 Recommendations …………………………………………………………… 5 References …………………………………………………………… 6 1. Executive Summary The purpose of this report is to advise Company X’s Chief Operating Officer (COO) how the effective use of the planning and leading functions can be utilised to ensure innovative values and practices are occurring within the organisation. The report was commissioned by the COO following the acquisition of a new business that lacked formalised planning and consequently the sales and profitability of the business had been in a decline over the past three years. In Item 3 the report examines innovative values and practices in the context of the planning and leading functions, and specifically,......

Words: 2754 - Pages: 12

Premium Essay

Functions of Management

...died 1925 in Paris) was a French management theorist. Henri Fayol was one of the most influential contributors to modern concepts of management, having proposed that there are five primary functions of management:   1. Planning, 2. Organizing, 3. Commanding, 4. Coordinating, and 5. Controlling (Fayol, 1949, 1987).   Controlling is described in the sense that a manager must receive feedback on a process in order to make necessary adjustments. Fayol's work has stood the test of time and has been shown to be relevant and appropriate to contemporary management. Many of today's management texts including Daft (2005) have reduced the five functions to four: (1) planning, (2) organizing, (3) leading, and (4) controlling. Daft's text is organized around Fayol's four functions.   Fayol believed management theories could be developed, then taught. His theories were published in a monograph titled General and Industrial Management (1916). This is an extraordinary little book that offers the first theory of general management and statement of management principles.   Fayol suggested that it is important to have unity of command: a concept that suggests there should be only one supervisor for each person in an organization. Like Socrates, Fayol suggested that management is a universal human activity that applies equally well to the family as it does to the corporation.   Fayol has been described as the father of modern operational management theory (George, p. 146). Although...

Words: 5553 - Pages: 23

Premium Essay

Functions of Management

...Functions of Management What is management? Most of us think of management as the people or person who is in charge of managing anything from materials to labor and this is true, but there is more. This being said, what are the functions of management within a business? There are four basic functions of management within a business-planning, organizing, leading, and controlling. All of these are important in order to a business to succeed and a business cannot have one without the other. Planning What is planning as a function of management? Planning is specifying the goals to be achieved and deciding in advance the appropriate needed to achieve those goals (Bateman & Snell, 2009). Activities of planning include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing business strategies, and determining the resources needed to achieve these goals (Bateman & Snell, 2009). Planning sets one up for action and to make major achievements. What are different types of planning? Some examples of different types of planning are: program planning, project planning, and strategic planning (McNamara, n.d.). Planning is in every business, including the company I work for: Commerce Bank. Planning is used in Commerce Bank in all management roles, including supervisory staff and even the branch managers. My direct supervisor will set goals for those directly below him, the tellers. This can be...

Words: 1264 - Pages: 6

Premium Essay

Functions of Management

...Functions of Management In every business you will find managers. You can look at two very different businesses and see that the managers perform very similar tasks in these businesses. Planning, organizing, leading and controlling are all very important parts of a manager’s duty. Each of these areas is as important as the next and they cannot be accomplished without the others. I currently work for Tiffany & Company and these functions are used and can be seen every day. The first function of management is planning and it is critical to the success of an organization. Rothbauer-Wanish (2009), “Planning focuses on the future impact of today’s decisions. Without looking to the future, managers will not know the appropriate decision to make today” (para. 2). When a plan is developed it does not mean that it cannot be revisited. These plans should always be reviewed and evaluated to determine its success or to determine if changes need to be made. Plans are often changed because circumstances change. It is impossible to plan for every possible instance that may occur in the workplace and outside of the workplace. A good plan will include solutions to the most common issues that may occur. At Tiffany & Co. planning is used every day for both long term and short term planning. One instance of planning would be staffing. The company will look at historical data and forecasts to determine head counts for staffing throughout the year. This number is also revisited throughout......

Words: 959 - Pages: 4

Premium Essay

Functions of Management

...Functions of Management Many of the successful businesses and organizations in the world are a product of efficient and productive management. Managers use the four important functions of planning, organizing, leading, and controlling to enable their businesses and employees to function at their maximum potential. A manager is successful when he or she can help a management team focus on what is vital to become successful. Failing to execute the four functions can lead to poor performance or an unorganized workplace. Today’s business market is highly competitive due to the lack of consumer spending. Globalization has made it easy for more competition to enter a market, which causes an organization or business to analyze their business processes. Management is responsible for making the needed changes and plan for future events that may follow. Planning Planning involves looking at future goals or responsibilities that need to be accomplished. This involves analyzing the current status of the company and developing a strategy to obtain future objectives (Rane, 2007). A major aspect of planning is recognizing and working around many controllable and uncontrollable internal and external factors. This would include looking at the companies’ strengths, weaknesses, threats, and opportunities toward growth. Managers are responsible to oversee many types of planning for example, strategic planning, project planning, business planning, and marketing planning. Planning normally......

Words: 853 - Pages: 4

Premium Essay

Function of Management

...Functions of Management Tolejala Marsh Management/370 December 6, 2010 Charles Hall In order for an organization to operate in a productive way and achieve all of the company’s goal; the company need to implement a plan that would help the company run effectively. To help an organization run smoothly there are four functions of management that would help a company succeed. The four basic functions of management are planning, controlling, organizing, and leading. Utilizing all four functions of the management would help any organization have a controlled plan over the organization’s success. Planning is the foundation of management. A productive manager cannot operate a business without having a plan for the company’s advancement. Management is the process of working with people and using resources to reach the company’s goals. Planning implements the goals to be reached and decided ahead of time the correct action needed to achieve those goals. For a company to run smoothly a manager need a good planning strategy. A manager needs to focus on where the company is currently, and where the company plan to be in the future. A company may face a situation at least once that the company may have to overcome. Some situations are uncontrollable, the company must figure out a way to get out the situation before it escalade into a bigger problem. Planning involves more than the employees of an organization. Planning involves all individuals who are involved in the growth...

Words: 881 - Pages: 4

Free Essay

How Internal and External Factors Impact the Planning Function of Management

...How Internal and External Factors Impact the Planning Function of Management within Dell Introduction This paper will discuss how internal and external factors impact the planning function of management within Dell Computer Corporation. These factors are rapid change, globalization, technology, e-business, innovation, diversity and ethics. All these factors have an affect on how the management at Dell plans for the future and reaches it’s ever changing goals. Rapid Change Dell was doing very well in sales. Demand for computers was at an all time high. In order for Dell to keep up with the demand, they needed to build a bigger and better plant. Assembly line workers were given more responsibility and more components. This enabled them to build more machines individually. Instead of adding a bolt here and a chip there, workers in very small teams would build the complete machine following precise order guidelines and by using components stored in the carefully indicated racks in front of them. In order to meet the demand for different machine options, Dell had to make a massive change in its continuous flow operation. They implemented a Pick-To Light system, which is an up-to-the-minute database that runs on an SCO Unix operating system platform and is tied to a stockroom system. By tying it to work-in-progress stockrooms, the order-level material checking......

Words: 2049 - Pages: 9

Premium Essay

The Functions of Management

...The Functions of Management Management is the process of working with people and resources to accomplish organizational goals (Bateman & Snell, 2007). Knowing the difference between good managers and bad managers is easily seen after several months of analyzing how they lead their team. Classifying a good manager includes seeing how effective and efficient he or she are in his or her skills. A manager must be able to adapt to any environment they walk into while keeping sight of practical applications and sense of the business surroundings. A manager must organize management while utilizing planning, organizing, leading, and controlling. A manager must use these functions to attain company goals and also maintain a competitive advantage. In order for these four functions to succeed in an operational manner, an understanding must be reached concerning the basics in which these practices are in relationship to the business structure (Bateman, Snell, 2007). Advances in technology has changed the way we manage; however the basic rules of good quality management remain and are still relevant in business today. While analyzing the functions of management, planning probably comes as most important to master as the other functions. Planning is the first step taken before beginning any type of project or assignment. Plans set the stage for action and major achievements (Bateman & Snell, 2007). As goals and objectives within the organization are recognized, it is the......

Words: 1037 - Pages: 5

Premium Essay

Planning Function

..."THERE IS NO AGREEMENT AMONG AUTHORS TO SET A COMMON DEFINITION TO THE TERM PLANNING." DISCUSS . Spontaneity We do agree upon that statement As they are expressing their own points of view and they may never agree upon one definition as that definition is going to be changed according to the field they are working at and under what conditions And all of them try to define planning through that it's a process that aim to achieve organizational goal but each author has his own way in how to reach that goal. FIRST DEFINITION: DEFINITION PLANNING IS the first managerial function involves setting organizational vision, goals, and objectives. AUTHERS' NAMES: William G. Nickels, James M. McHugh, and Susan M. McHugh. BOOK TITLE: UNDERSTANDING BUSINESS. EDITION: 6th Ed. PUBLISHER: McGraw Hill. COUNTRY: IRWIN. YEAR: 2002. PAGE NO.: 207. DISCUSSION, ANALYSES, AND CRITICIZEM - The authors defined planning as it is the first managerial function and about setting goals, vision, and objectives of the organization, BUT THEY mentioned that planning is only about setting goals but they didn't mention that the planning function is responsible also for deciding how those goals and objectives are going to be accomplished, and they also didn't mention the time horizon related to the plan and that it's also related to the future. SECOND DEFINITION DEFINATION PLANNING IS a process that includes defining goals, establishing......

Words: 1360 - Pages: 6

Premium Essay

Important Functions of Planning and Organizing

...the data later, this will show the data as inaccurate and present false data to the consumers. The technology above affects the management functions of planning and organization in many different ways. For example, with all the new technologies, this requires managers to allow for more time and money when training the employees on the new technology. A manager must be able to plan enough time to take the employees out of the workforce and into a training session. This requires the management staff the need to organize a way to keep the business running at full capacity while lacking some of the staff. This technology will also create the need for a new department or team to deal with any issues of upgrading or repairing the technology. The management team must evaluate the technology to compare what it can do for the company and make FedEx more efficient. The managers need to plan to lessen one area of operations to allow for more technical support. It is imperative that the management staff at FedEx ensures they are fully aware of the company philosophy as well as the technology available. To lead successfully, the management staff needs to know exactly how to use their software and hardware. It is important to also know how their portion of the company relates to the company as a whole. The best managers are those who are able to perform the functions of those workers who work for them. This ability sets the manager apart as more than a manager but a leader. A worker will......

Words: 1332 - Pages: 6

Premium Essay

Functions of Management

...Functions of Management The success of a business greatly depends on the quality of the management within an organization. Management is an integral part to any business and organization. Management is the act of getting individuals to work together to achieve common goals or objectives. Management consists of four primary functions: planning, organizing, leading, and controlling. In this paper, I will discuss each function while providing an explanation of how each function relates to the organization for which I am employed by. Currently, I am working as a hairstylist for a large and well known hair salon chain retailer. I have been in the cosmetology industry for over five years and have worked for this particular salon for a year. This hair salon chain retailer has stores all across the country and the majority of which are franchised. As part of the franchise there are some guidelines and expectations every salon is required to uphold and maintain, but there is also some discretion franchisees and managers can use in the running and operation of their salons. The franchise owners that I work for have acquired over twenty salons in the last five years and continue to grow the number of salons they own each year. With every salon that they purchase they are responsible for staffing and employing more hairstylists and managers. The first function of management I will discuss is planning. Management uses planning to deliver strategic value (Bateman & Snell,...

Words: 915 - Pages: 4

Premium Essay

The Functions of Management

...Organizing as a Management Function Lakisha Mitchell Management 330 October 3 2011 Homer Johnstone Organizing as a Management Function The planning function of management is the process of setting goals and objectives for an organization to achieve over a set period. A plan will include activities and tasks that need to be completed in order to reach the ultimate goal. An organization that neglects to establish and monitor plans will become disorganized and eventually lose control of practices performed throughout the corporation. In This paper, I will evaluate the planning function of WorldCom management. In addition, it will analyze its legal ethnical and social issues the company faced. Lastly, it will examine the factors that influenced WorldCom tactical, operational, and strategic planning. The Planning function: WorldCom WorldCom is a telecommunications U.S based company found by Bernard Ebbers in 1983 as a small long distance discount telecom company. It acquired many small telecommunication companies and became one of the largest long distance providers by 1995. In 1997, WorldCom took over MCI for thirty seven billion dollar. At that time, acquisition of MCI was the largest acquisition in the history of America and it made WorldCom the second largest telecom company in America after AT&T. “Today, it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002” (www.investopedia.com). The......

Words: 1088 - Pages: 5

Premium Essay

Functions of Management

...Abstract The intent of this paper is to explain how each of the four functions of management effect managing a business, by using the fundamental tools to run a business effectively. The core elements of the management functions are Planning, Organizing, Leading, and Controlling. These are the critical functions required to manage a successful business. Planning The first function of management is planning it defines the steps necessary to fulfill the organizational objectives, current and future plans while providing alternative solutions to support goal achievement. Effective planning starts with management building a strategic plan aligned with the company’s business goals. These goals are achieved through the planning function of management. The planning function provides a roadmap on how the goals will be achieved. Planning includes analyzing and evaluating the conditions to determine what resources are required to reach the goal. The development of a plan sets the direction the team needs to go to achieve specific goals and objectives. Organizing The next function is organizing, which is very important in providing resources necessary to execute on organizational plans. Organizing is instrumental in building a successful business. Organizing provides the critical reporting structure and personnel responsible for the administrative duties required to function as an organization. Most successful organizations are built with flexible and diverse cultures, which are......

Words: 766 - Pages: 4

Premium Essay

Functions of Management

...Functions of Management Functions of Management In every organization, every manager knows the importance of the four functions of management. Planning, organizing, leading, and controlling are the functions that managers use throughout their career daily. The larger corporations of management have the top-level, middle-level, and frontline managers use all the functions of management. Smaller businesses only may have one manager or owner who employs all four functions on all the levels of management. Success cannot be accomplished without the use of the four functions of management, no matter how many managers work within the business. Planning is the first function of management. Planning involves the development of objectives and goals, and planning the appropriate actions to achieve those goals (T.S. Bateman and S.A. Snell, 2009). Planning enables managers to set a clear path and to help make the goals be more achievable within the business. When using the planning function in management, individuals should consider all the circumstances within the inside and outside of the corporation. Looking forward into the future and anticipate the future conditions of the corporation is also needed. Looking at the past goals that have been achieved already and reviewing some of the past goals never achieved will help with the function of planning of a corporation or business. When using the planning function of management, consider all the influencing factors......

Words: 756 - Pages: 4