In This Article
- What Does Great Management Encompass?
- What Are The Functions Of Management
- Leading And Staffing
- Controlling and Coordination
- Implementing Managerial Functions In A Business
- Implementing - Planning
- Implementing - Organizing
- Implementing - Leading and Staffing
- Implementing - Controlling and Coordination
- Maximizing Individual Potential Through Effective Management
Management plays a critical role in any organization, and there are functions of management that allow for the effective use of organizational resources to meet the corporate goal. While there are four basic management functions from studies taken across various disciplines, these functions include micro factors that affect them throughout the process.
A manager must be able to understand and perform all of the various functions to be successful. Understanding management functions is essential for the organization and the individuals involved to reach a goal. We discuss the different parts and how managers can implement these functions in a day-to-day work setting for managers.
What Does Great Management Encompass?
Great management is the art of getting things done with the resources. This includes managing individuals and resources to set a steady head toward the organization’s goal. While understanding the role of a manager within a business, one must be able to look at the possible resources that are available too. Most managerial functions can be streamlined within various factors; however, it is important to remember that managers are responsible for different individuals that do not fit into one box.
What Are The Functions Of Management
Management functions at the most fundamental level are divided into four categories. These categories have been identified as four primary parts, further divided into twelve functions. Today, we look into the four basic functions of management and when one would consider adding further sub-divisions to these functions based on the managerial task at hand. Moreover, understanding each role further allows managers to tackle tasks in hand to gain efficient and effective results.
The role of planning as a management function includes choosing the critical path to reach a set goal. It includes planning for appropriate purposes based on the available resources. A manager is tasked to determine what strategies and plans of action will benefit the process and allow each individual within the process to reach the goal.
Planning holds great importance due to the benefits that ensue when proper planning is in place.
Planning helps give direction, gives room for innovation and creativity, increases efficiency, minimizes possible risks, helps to motivate, and provides direction for control measures to be put in place.
Once the planning is in place, managers are tasked to organize the present resources and individuals to implement the pre-determined strategies effectively. Once the objective is set, organizing facilitates the steps required to bring the plan to action.
Organizing facilitates the managerial process by promoting coordination and optimum use of the resources available and helps to foster specialization where necessary.
Leading And Staffing
Leading an organization and the plans forward involves implementing visions, goals, and objectives. These can only be done by communicating the objectives to the right people. Hence, comes the staffing for the managerial functions. Articulating objectives and visions to the right people allows the organizational process to energize employees to take action towards reaching a goal. You may consider coaching, leading, and other factors that managers need to induce in their leading and staffing process to make it more effective.
Controlling and Coordination
Leading and staffing can lead to the right direction for the organization. However, control and coordination are equally as important in that process. To ensure that the guided performance is moving towards the intended goal, it is important to control the process and steer it in the direction.
Moreover, a proper check and balance are placed from the planning stage. So, control and coordination ensure this check and balance is met and applied.
Implementing Managerial Functions In A Business
Effective management is essential for the success of any business. By carrying out the various managerial functions efficiently and effectively, companies can ensure that they can meet their objectives and goals while providing a high level of customer satisfaction. In today’s increasingly competitive business environment, implementing managerial functions in a business can give a company the edge it needs to succeed.
The various managerial functions that need to be carried out to ensure the smooth running of operations should be implemented accordingly. These include setting objectives and goals, planning and budgeting, organizing and staffing, leading and motivating employees, and monitoring and controlling progress. While some businesses may have managers who are responsible for all these functions, in larger organizations, there is often a team of managers, each person responsible for a specific area.
Implementing - Planning
- Lay out verifiable goals and objectives.
- Ensure the necessary planning premise that needs to be followed.
- Set a period for the entailed process.
- Prepare contingency plans and control measures.
- Select the plan of action.
- Implement planning strategies and methods of control.
Implementing - Organizing
- Set objectives.
- Come up with strategies with the resources available.
- Set policies and procedures in line with the plans set.
- Establish the necessary relationships and tasks required within the group of individuals.
Implementing - Leading and Staffing
- Planning the requirements for the workforce.
- Recruiting staff.
- Selecting individuals who are fit for the task at hand.
- Placement of individuals within the group.
- Forming relations and introduction training/coaching.
- Compensation and performance evaluations.
Implementing - Controlling and Coordination
- Create a standard for the procedure.
- Implement rules and regulations.
- Measuring and comparing performance.
- Maintaining checks and balances.
Maximizing Individual Potential Through Effective Management
There is no one-size-fits-all answer to how to maximize individual potential through effective management and managerial functions. However, a few key principles can help managers create an environment where employees can thrive.
First and foremost, it is important to communicate expectations and provide adequate resources. Employees who understand and have the tools they need to succeed are more likely to meet or exceed expectations.
Furthermore, creating an environment of mutual respect is essential, where employees feel valued and appreciated.
Finally, effective managers should provide opportunities for employees to learn and grow to continue developing their skills and contribute to the organization in new and meaningful ways. By following these principles, managers can create an organizational culture that supports employee development and maximize individual potential.
It is clear that there are many functions of management, and each must be considered when trying to implement managerial procedures effectively in an organization. By understanding the roles and responsibilities of managers, as well as how these responsibilities can be divided among different team members, organizations can create a more effective and efficient workplace. Have you tried implementing any of the managerial functions we’ve discussed?