Functions of Management Paper
Management is creative problem solving. This creative problem solving is accomplished through four functions of management: planning, organizing, leading and controlling. The intended result is the use of an organization's resources in a way that accomplishes its mission and objectives. (Higgins, page 7) There are four components that make up management and they are planning, organizing, and directing, and lastly is controlling. Each of these functions involves creative problem solving. (Higgins, page 118) Creative problem solving is broader than problem finding, choice making or decision making. It extends from analysis of the environment within which the business is functioning to evaluation of the outcomes from the alternative implemented. As you read I will discuss how management operates through various functions, often classified as planning, organizing, leading/motivating and controlling.
Planning
The first part is planning and with planning it's the ongoing process of developing the business' mission and vision and also the objectives and to determine how they will be accomplished. Planning is deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action. There are three steps to good planning and they are, which goals should be pursued?, how shouls the goal be attained?, and last, how should resources be allocated? This function is designed to determine how effective and efficient the organization is and determines the strategy of the organization. These is a critical part of management because most business are setting goals to turn a profit and if they don't plan it just right they may fail as a b ...