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FUNCTIONS OF MANAGEMENT
Functions of Management
Austin Rentsch
University Of Phoenix
Functions of Management
The work environment would be nothing without management. On a deeper level, jobs may not even exist without it. All businesses need a leader, someone to guide the vision of the company. Having held a management position in the Menards Company, I am familiar with this role. Management is defined as the process of working with people and resources to accomplish organizational goals. This process is most effectively carried out by implementing four key functions: Planning, Organizing, Leading and Controlling.
I consider planning to be the most important concept in management. Without planning, reaching goals would be extremely difficult and working as a team unit within a company would be frustrating because no one would be sure of their roles. Plans set the tone for a company to help guide employees in certain directions. Planning is defined as specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. (Bateman & Snell, 2009) Working as a manager at Menards, planning was a huge part of my every day responsibility. My morning duties included calculating a planned sales goal for each individual associate that would need to be reached in order to compensate for payroll dollars spent. Having this planned out was important because it allowed for me to regulate how much money was being spent on payroll versus incoming sales. This planning helps ensure that Menards daily sales exceed overhead costs including payroll.
The next most im ...