Functional Areas of Business
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- Date Submitted: 04/09/2014 11:45 AM
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Functional Areas of Business
Name
MGT/521
Date
Professor
There are four fundamental functions of business that every organization needs in order to operate smoothly. These functions include planning, organizing, leading, and controlling. All of these emphasize the importance of a managerial role to fulfill any tactical, strategic, and operational business decisions. Each function serves a purpose and can be considered a piece to making the puzzle complete for a productive work environment.
Planning is one of the first functional roles a manager establishes in order to achieve an outcome for an organization. It is the defined role of setting goals and developing strategies to attain those goals through an organized plan. Planning is an essential role for any manager regardless of their hierarchy level. It allows for a wide range of ideas to come into play and projecting potential obstacles and outcomes for these ideas in order to attain a positive result. At my job the General Manager, who is actually the middle manager for the organization, is the one implementing an overall plan for the financial direction of the restaurant. At the same time he empowers the lower level managers to create their own plans according to each department function to help achieve one main goal. This planning occurs quarterly through meetings as well as on their own time and is an ongoing functional role of management to continue striving for better in the company as far as production, innovation, and success among competitors.
Once any plan is put into place, it is vital to organize it before putting it into action. Organizing is an element of structure that creates a clear designed path for obtaining an outcome. Without this functional role of business there would be unorderly chaos with no visible direction, making a goal much more difficult to achieve. Organizing may include writing a game plan through stages, prioritizing and categorizing essential elements,...
Name
MGT/521
Date
Professor
There are four fundamental functions of business that every organization needs in order to operate smoothly. These functions include planning, organizing, leading, and controlling. All of these emphasize the importance of a managerial role to fulfill any tactical, strategic, and operational business decisions. Each function serves a purpose and can be considered a piece to making the puzzle complete for a productive work environment.
Planning is one of the first functional roles a manager establishes in order to achieve an outcome for an organization. It is the defined role of setting goals and developing strategies to attain those goals through an organized plan. Planning is an essential role for any manager regardless of their hierarchy level. It allows for a wide range of ideas to come into play and projecting potential obstacles and outcomes for these ideas in order to attain a positive result. At my job the General Manager, who is actually the middle manager for the organization, is the one implementing an overall plan for the financial direction of the restaurant. At the same time he empowers the lower level managers to create their own plans according to each department function to help achieve one main goal. This planning occurs quarterly through meetings as well as on their own time and is an ongoing functional role of management to continue striving for better in the company as far as production, innovation, and success among competitors.
Once any plan is put into place, it is vital to organize it before putting it into action. Organizing is an element of structure that creates a clear designed path for obtaining an outcome. Without this functional role of business there would be unorderly chaos with no visible direction, making a goal much more difficult to achieve. Organizing may include writing a game plan through stages, prioritizing and categorizing essential elements,...