...Associate Level Material Appendix C The Four Functions of Management |Description of Event | | | |I held a party for the release of my company website and my new music production | | |company. I wanted to have 2 party’s one in the town of Portland where my mother | | |lives and one in Miami where I live. I wanted to make sure it was a star studded | | |plus classy events. | | | | | | | In the table below, categorize your actions during the event under each of the four functions of management. |Planning |Organizing | |I had to find when and where I wanted to hold these party’s at. I|Once I found the place to hold it and all the planning I had to | |needed to find places that would hold enough people and also had |organize a team to help me get...
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...The Four Functions of Managing Tianna Logan COM/330 21 September 2011 Carolyn Harrison The Four Functions of Managing Management is an aspect of every company. Without management many workplaces may lose control of their business or functions of the job. Since society is every changing and businesses need to adapt, mangers have to acquiesce to these “new way”. They adapt by using the four functions of managing. Planning, organizing, leading and controlling are all used by managers in numerous work environments including my current workplace. The first function of managing is planning. According to Bateman and Snell (2009), “Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.” (p.12). Planning can include analyzing, determining and one of the most important aspects delegation. “Delegation is the process of giving decision-making authority to lower-level employees.” (Camp and Simmering, 2006, p.1). It uses the “top-down approach” for employees to use their own ideas and help create better advantages within the company, to the customer, etc. (Bateman and Snell, 2009, p.12). In my company, Health Net, Inc., planning is used frequently. We as management often analyze how much revenue we receive and how we could produce more. Delegation is also a staple within the company. Working for health insurance, there are numerous tasks needed to be completed and with the frequent changing of society...
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...product we have no equity. The stock market is an everyday term we use to talk about a place where stocks and bonds are traded, meaning bought and sold. For many people, that is the first thing that comes to mind for investing. The goal is to buy the stock, hold it for a time, and then sell the stock for more than you paid for it. In this case we have no money upfront to provide buying and selling our our product. Since our company has decided to go with a firm to develop our product, they will have to take the hit for the profit and loss. If they are supportive and willing to give us a chance in marketing this product, they may want to take a chance in stocks. We would not be at risk for failure, as they would be our backers. Financial management is planning for the future of a person or a business enterprise with the aim of ensuring a positive cash...
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...their work environment. Management is explained by Robbins & Coulter (2007), as someone who coordinates and oversees the work activities of others so that their activities are completed efficiently and effectively. I will explain each areas function and there importance in the managerial process. I will conclude with an example of how a manager would use each function in the workplace. According to Robbins & Coulter (2007), they state that, “during the early part of the twentieth century, Henri Fayol, a French industrialist, first proposed that all managers performed five functions: planning, organizing, commanding, coordinating, and controlling” (p.8). Today these functions have been revised to planning, organizing, leading and controlling. The planning function, involves defining the goals of the company, researching and collecting data to help support those goals. Once you have gathered your information the manager must make decisions on what should be done. After evaluating the information, a good manager begins to organize the people and resources available. Organizing involves arranging and structuring work to accomplish the organization’s goals stated by, (Robbins & Coulter, .p 9). Leading involves implementing the plans and helping employees work effectively toward accomplishing the organizational goals. The final function of management is controlling, which consist of evaluating and monitoring the results of the previous functions to determine if the objectives...
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...guest experience by consistently fulfilling our Expect More. Pay Less. ® brand promise,” reflects the internal and external factors that affect the four functions of management, the impact of other factors on these functions, and delegation through management (Target Brands, Inc, 2012). Target is an organization that believes in embracing diversity, giving back to the community, and incorporating its positive morals, values, and ethics into its business, and these principles apply to the four functions of management within the organization- planning, organizing, leading, and controlling (Bateman & Snell, 2009, Chapter 4). Target uses these functions to determine which goals are accomplished and how the available resources strive to achieve these goals (Bateman & Snell, 2009, Chapter 4). The main internal and external factors that influence these functions of management at Target are human resources, marketing, operations, stakeholders, technologies, and industry, respectfully (Bateman & Snell, 2009, Chapter 4). In addition, globalization, technology, innovation, diversity, and ethics each affect the four functions of management in their own unique way, thus affecting the whole organization. Using the tool of delegation, managers can influence the efficiency, productivity, success, the four functions of management, and a variety of influencing...
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...(Health Care Management) Complete Course https://hwguiders.com/downloads/hcs-325-health-care-management-complete-course/ HCS 325 Week 1 HCS 325 Week 1 Individual Roles and Functions Paper HCS 324 Week 2 HCS 325 Week 2 Individual Effective Communication Paper HCS 325 Week 2 Team Organizational Structure Presentation Audience and Action Plan Part I HCS 325 Week 3 HCS 325 Week 3 Individual Importance of Teams HCS 325 Week 3 Team Organizational Structure Presentation Communication Methods HCS 325 Week 3 Team Organizational Structure Presentation Formal Bibliography HCS 325 Week 4 HCS 325 Week 4 Individual Motivational Methods Paper HCS 325 Week 4 Team Organizational Structure Presentation Action Plan, Part II HCS 325 Week 5 HCS 325 Week 5 Team Organizational Structure Presentation HCS 325 (Health Care Management) Complete Course https://hwguiders.com/downloads/hcs-325-health-care-management-complete-course/ HCS 325 Week 1 HCS 325 Week 1 Individual Roles and Functions Paper HCS 324 Week 2 HCS 325 Week 2 Individual Effective Communication Paper HCS 325 Week 2 Team Organizational Structure Presentation Audience and Action Plan Part I HCS 325 Week 3 HCS 325 Week 3 Individual Importance of Teams HCS 325 Week 3 Team Organizational Structure Presentation Communication Methods HCS 325 Week 3 Team Organizational Structure Presentation Formal Bibliography HCS 325 Week 4 HCS 325...
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...MATERIALS MANAGEMENT Importance of materials management :- 1. Materials input is very important as excess material as inventory causes costs to the company and shortage of material results into stoppage of conversion process and subsequently shortage of finished goods leading to customer dissatisfaction 2. Out of 5Ms, that are inputs to a conversion process, material is substantial in terms of its contribution to product cost, and current assets. 3. 51.1% of product cost is on account of materials. Hence the largest contributor to product cost. This marks out materials function as the largest potential avenue for productivity improvement. 4. Materials account for 70% to 80% of working capital. Effective and efficient management of materials can reduce substantial burden on the finances of company. 5. Accounts payable are mostly to materials suppliers. Hence the importance in management of finance of the company. 6. Quality of the Input and product quality: When the companies become leaner and leaner, it is crucial that inputs should remain in the plant only as long as the Through Put Time demands, and the output product should be Right First Time. The quality of inputs plays a vital role in this situation. 7. Management of materials is crucial in a Just In Time company. Production process needs very strong materials management support to gear up to face challenges of current market 8. Materials management provides information about availability of new...
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... MGT 330 Week 1 Individual Assignment Functions of Management Paper MGT 330 Week 1 DQ 1 MGT 330 Week 1 DQ 2 MGT 330 Week 1 DQ 3 MGT 330 Week 1 Summary MGT 330 Week 2 Team Assignment External Internal Factors Paper MGT 330 Week 2 Individual Assignment Delegation MGT 330 Week 2 Summary MGT 330 Week 2 DQ 1 MGT 330 Week 2 DQ 2 MGT 330 Week 2 DQ 3 MGT 330 Week 3 Individual Assignment Management Planning and Ethics MGT 330 Week 3 Individual Assignment Management Planning Paper MGT 330 Week 3 DQ 1 MGT 330 Week 3 DQ 2 MGT 330 Week 3 DQ 3 MGT 330 Week 3 Summary MGT 330 Week 4 Organizational Structure Paper and Presentation MGT 330 Week 4 Team Assignment Control Mechanisms Paper MGT 330 Week 4 DQ 1 MGT 330 Week 4 DQ 2 MGT 330 Week 4 DQ 3 MGT 330 Week 4 Summary MGT 330 Week 5 Individual Assignment Management and Leadership Paper MGT 330 Week 5 DQ 1 MGT 330 Week 5 DQ 2 MGT 330 Week 5 DQ 3 MGT 330 Week 5 Summary ------------------------------------------------------------------------------ MGT 330 OLD Week 1 DQ 1 (Old) For more course tutorials visit www.tutorialrank.com What is management? Why is management necessary? How do you think management has evolved? ------------------------------------------------------------------------------ MGT 330 Week 1 DQ 2 (Old) For more course tutorials visit www.tutorialrank.com What are the four functions of management? What do the four functions of management have in common? How do managers at different...
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...HSA 320 WEEK 4 ASSIGNMENT 1 To purchase this visit here: http://www.activitymode.com/product/hsa-320-week-4-assignment-1/ Contact us at: SUPPORT@ACTIVITYMODE.COM HSA 320 WEEK 4 ASSIGNMENT 1 HSA 320 Week 4 Assignment 1 - Human Resource Management Overview - NEW 2015 Version Using the course readings, articles, and your personal experiences, address the role of human resource management. Write a six to eight (6-8) page paper in which you: Determine key roles that human resource management plays in the health care field. Evaluate three to five (3-5) functions of human resource management in terms of their level of support to the health care field, and then select which one you believe is the primary function in furthering the health care field. More Details hidden... Activity mode aims to provide quality study notes and tutorials to the students of HSA 320 Week 4 Assignment 1 in order to ace their studies. HSA 320 WEEK 4 ASSIGNMENT 1 To purchase this visit here: http://www.activitymode.com/product/hsa-320-week-4-assignment-1/ Contact us at: SUPPORT@ACTIVITYMODE.COM HSA 320 WEEK 4 ASSIGNMENT 1 HSA 320 Week 4 Assignment 1 - Human Resource Management Overview - NEW 2015 Version Using the course readings, articles, and your personal experiences, address the role of human resource management. Write a six to eight (6-8) page paper in which you: Determine key roles that human resource management plays in the health care field. Evaluate three...
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...audit. Discuss the Resource-Based View (RBV) in strategic management. Discuss key interrelationships among the functional areas of business. Identify the basic functions or activities that make up management, marketing, finance/accounting production/operations, research and development, and management information systems. Copyright ©2013 Pearson Education 4-2 2. 3. 4. Chapter Objectives 5. Explain how to determine and prioritize a firm’s internal strengths and weaknesses. Explain the importance of financial ratio analysis. Discuss the nature and role of management information systems in strategic management. Develop an Internal Factor Evaluation (IFE) Matrix. Explain cost/benefit analysis value chain analysis, and benchmarking as strategicmanagement tools. Copyright ©2013 Pearson Education 4-3 6. 7. 8. 9. A Comprehensive StrategicManagement Model Copyright ©2013 Pearson Education 4-4 Key Internal Forces Distinctive competencies A firm’s strengths that cannot be easily matched or imitated by competitors Building competitive advantages involves taking advantage of distinctive competencies. Copyright ©2013 Pearson Education 4-5 The Process of Performing an Internal Audit The internal audit Requires gathering and assimilating information about the firm’s management, marketing, finance/accounting, production/operations, research and development (R&D), and management information systems operations Provides more opportunity...
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...Four Functions of Management Rental Management Incorporated uses the four functions of management in its operations. The main objective of an organization is to achieve its mission. In order for the organization to reach its max potential, it needs to include the foundation of the four functions of management: planning, organizing, leading, and controlling. The understanding of the functions and how the organization uses them in its day-to-day process is important among the management team. Rental Management Incorporated, RMI, uses the four functions as a foundation to its success. The management team is the team that works with the people and resources to accomplish the organizational goals set in the four functions of management: planning, organizing, leading, and controlling. It is important to use each of them with one another to have the organization to function properly. Planning The first function of management is the planning function. An organization needs the planning process to develop the mission of the organization and the main objectives to take place. This function continues to expand upon the ideas of what the organization should entail and how it is to be established among the organization for success (Adam, 2009). The planning stage is the process of delivering strategic value from top-level management into the organization. Organizing The strategic management, also known as top-level management, begins the function of organizing. This management...
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...Human Resource Management: Context, Concept and Doundaries UNIT 2 THE CONCEPT AND FUNCTIONS OF HUMAN RESOURCE MANAGEMENT Objectives After reading this unit, you should be able to: l l understand the meaning and concept of human resource management; and explain the functions of HR, and responsibilities and new roles of HR practitioners. Structure 2.1 2.2 2.3 2.4 2.5 2.6 2.7 Introduction Concept of HRM Objectives of HRM Human Resource Functions Summary Self Assessment Questions Further Readings 2.1 INTRODUCTION Human resource management (HRM) is an approach to the management of people, based on four fundamental principles. First, human resources are the most important assets an organisation has and their effective management is the key to its success. Second, this success is most likely to be achieved if the personnel policies and procedures of the enterprise are closely linked with, and make a major contribution to, the achievement of corporate objectives and strategic plans. Third, the corporate culture and the values, organisational climate and managerial behaviour that emanate from that culture will exert a major influence on the achievement of excellence. This culture must, therefore, be managed which means that organisational values may need to be changed or reinforced, and that continuous effort, starting from the top, will be required to get them accepted and acted upon. Finally, HRM is concerned with integration - getting all the members of the organisation...
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...BAGUIO CITY DEPARTMENT OF MANAGEMENT, MARKETING, AND ENTREPRENEURSHIP SYLLABUS MANAGEMENT 6 PRODUCTION AND OPERATIONS MANAGEMENT I. TITLE OF THE COURSE: Management 6 II. COURSE DESCRIPTIVE TITLE: Production and Operations Management III. COURSE CREDIT: Three (3) units IV. PRE-REQUISITE: Mgmt 1 and Math 4C V. COURSE DESCRIPTION: As a primary business function, along with marketing and finance, the production operations function plays a vital role in achieving the organization’s basic purpose for existence – to satisfy customer needs – by transforming resources into goods and services. Production operations management is important for two reasons: (1) it is the operations function that is primarily concerned with the production of goods and the provision of services, and (2) the operations function typically involves the greatest portion of the organization’s human resources and is responsible for a large portion of the firm’s capital assets. This course introduces the strategic and tactical decisions involved in production operations management. It focuses on the concepts and tools that are used in making decisions as well as trends and global best practices related to the planning and design, operation, and control of production operations systems. VI. COURSE OBJECTIVES: 1. To enable the students to develop a comprehensive understanding of the production/operations function and to appreciate its role as...
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...Functions of Management Paper MGT/330-Management: Theory, Practice and Application July 4, 2010 Matthew Jordan Functions of Management Paper Management is the key to accomplishing organizational goals. With effectiveness (achievement of the goals) and efficiency (achievement of goals while utilizing resources such as money, time, materials and people without waste), it can be the difference between great management and poor management. While great managers are able to focus on both criteria, others are only capable to focus on one and not the other. Unfortunately, there are poor managers who are unsuccessful at both. These two criteria, however, are not the only components to successful management as the circumstances surrounding the process of conducting business are changing in today’s business world. “The great executives not only adapt to changing conditions but also apply-fanatically, rigorously, consistently, and with discipline-the fundamental management principles,” (Bateman & Snell, 2009). Included in these fundamentals are the four traditional functions of management: planning, organizing, leading, and controlling. When applying these fundamentals to the process of accomplishing organizational goals, effective and efficient management is inevitable. The first function of management is planning. Specifying the goals of the organization takes place in planning as well as its necessary actions needed in achieving those goals. Activities of planning...
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...Course Syllabus MGT330 MANAGEMENT: THEORY, PRACTICE AND APPLICATION Course Start Date: 6/28/2011 Course End Date: 8/1/2011 Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document. Copyright Copyright ©2010 by University of Phoenix. All rights reserved. University of Phoenix© is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft©, Windows©, and Windows NT© are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix© editorial standards and practices. Facilitator Information Lee Stanford Farr stanford@email.phoenix.edu (University of Phoenix) leesfarr@cox.net (Personal) 480-203-5532 (MST) Facilitator Availability I am available from 9 a.m.-9 p.m. Arizona Time Zone (fluctuates between Mountain Standard/Pacific time zones) on most days, but I attempt to reserve Sunday for my family. During the week, I am online most of the time during that 9 a.m.-9 p.m. time frame. On Saturdays, I tend to be online in the morning only. If these times are not convenient for you, please let me know. I will be happy...
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