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Running head: The Importance of Management 1

The Importance of Management
Chelsea Winslow
MGT330: Management of Organizations
Paul Verlasky

THE IMPORTANCE OF MANAGEMENT 2

Introduction
Management is crucial in developing the operations of organizations. The structure of an organization is the foundation that an organization positions itself on and determines the success of the organization. Without management, organizations would lack defined purpose and goals. Management in organizations has led to studies of various theories of management. There are numerous theories and ideas that have shaped management principles within organizations. Despite the ever changing environment of organizations, there are five core functions that have remained intact. These functions are: leading, planning, staffing, organizing and controlling.
Every organization and its needs are unique and specific to that organization. Every organization will have a different approach and way of operating, but these five core functions are the constant in the implementation of each organization’s goals. These core functions can be observed in one of the retail industry leaders, Macy’s. As a former employee of this organization, I observed these five functions of management in the achievement of their goals. Also, as a former employee of this organization, I believe I can elucidate more on the process of application of these functions in various situations. (Reilly, Minnick, & Baack, 2011)
Planning
An organization relies heavily on the planning function. Careful attention should be paid to this phase of the process and it should be thorough. Good planning is crucial in target setting for the organization and in the achievement of those targets. There are many types of planning such as strategic planning. This type of planning helps to keep

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