Premium Essay

Organizing Paper

In:

Submitted By Mimsterx
Words 1200
Pages 5
Organizing Paper MGT/330 March 20, 2011 Andrew Seamons

The biggest component to all organizations is the organizing functions of management. The organizing functions of management will establish the different levels of management within the organization and provide resources to all employees to work towards a common goal of the organization. The key to organizing functions of management will help determine goals along with objectives, responsibilities, and resources. This paper will address two resources, such as knowledge and technology that are key factors in the organizing function of management at Prudential Insurance Company of America.
With any organization, knowledge of the customer needs is just as important as the knowledge of the products. Prudential is known for their innovative products due to their knowledge and experience in helping their customers. Prudential Insurance Company of America is one of the largest and well known insurance companies worldwide. Prudential was founded by an insurance agent named John Fairfield Dryden in the downtown Newark, N.J., in 1875. It was the first company in the United States that offered life insurance and industrial insurance which provide funeral and burial expense for all working class. Prudential’s sales expanded from New Jersey to New York and Philadelphia. The growth sales and assets grew to $1 Million in 1885. The company was renamed to “The Prudential Insurance Company of America and later adopted The Rock of Gibraltar as its company symbol” (www.prudential.com).
The Rock of Gibraltar is a representation of a symbol known as strength and security that is offered to all customers. For over 130 years, Prudential has continuously provided products that helped all Americans meet

Similar Documents

Premium Essay

Organizing Paper

...Organizing Paper Organizing Paper When coming across the organization process of Wal-Mart, Sam Walton was the creator in 1962 in Rogers, Arkansas (Wal-Mart Corporate, 2012). The organizing process is described as the management function of pulling together and synchronizing human financial, physical information and other assets required to accomplish goals (Bateman & Snell, 2009). In 1972 discount sores such as Kmart expanded. Sam Walton at that point in time had 15 Wal-Mart stores and did not have the funds to increase the amount of stores, so he offered Wal-Mart stock to the New York Stock Exchange. For the reason of the large profit that toke place from the sales of stock, Wal-Mart was able to expand. By the 80s hit Wal-Mart had 276 stores Wal-Mart Corporate, 2012). Organizing contains numerous organizational resources, physical assets, knowledge, funds, and human resources. In this paper we will talk about human resources and monetary of Wal-Mart. Human Resources of Wal-Mart Managing and upholding of the human resources section is imperative while assessing how effective the organizing function is. “People are assets not commodities” (Bateman & Snell, 2009). The supervisors as well as the businesses have to work collectively to take into service the correct people for the occupation. Human resource management is in charge of recruiting, training, performance evaluations, rewards, labor relations, earnings, and benefits (Bateman & Snell, 2009). ...

Words: 1216 - Pages: 5

Premium Essay

Organizing Paper

...Organizing Paper Debbie Marvidikis University of Phoneix Organizing Paper Google is a global international organization that has an innovative management structure. Since the beginning of Google in September 1998 the co-founders Larry Page and Sergety Brin has brought Google into the future and has expanded their organization to more than 20,000 employees. A Google management team embodies the most experienced professionals in the world (Management team). Organizing Google’s business and management teams is a continual effort. To manage Google’s resources requires different management skills. These skills are a process of management organization. Organizing is the gathering of resources needed to achieve the goals that have been developed by the company. Resources for the organization to consider are the human resources, financial resources, knowledge resources, technology resources. A consideration for Google’s management is organizing the delineation of job responsibilities and out-sourcing the resources for those job-related tasks. Google’s management must organize the organizations resources globally before implementing their business plan. Organizing can help with integration of a plan to combine resources to accomplish the company’s goal. Google’s organization is global therefore; they cannot work in a silo. By organizing the functions of management Google is capable of capitalizing on their management team’s experience. Google is not new to knowledge management...

Words: 1095 - Pages: 5

Premium Essay

Organizing Paper

...MGT 330 Organizing Paper December 18, 2010 Kelly Wagner Organizing Paper Organizing is a function of management that Wal-Mart seems to utilize very well. The company always seems to attract people to the organization, specify job responsibilities, allocate resources, and create conditions so that people can work together (Bateman and Snell, 2009). These are all important organization factors to achieve in any business; and Wal-Mart does a terrific job. Having a company well organize will ensure that the company runs into little or no problems. When a complication does arise, the company will be well organized to handle the situation properly. Wal-Mart achieves utilizing these factors by separating the company into departments such as Human Resource department (HR) and accounting. The Human Resource department is responsible for ensuring the employees are properly trained, creating incentives to attract new employees and to keep the current employees. HR must ensure that all employees understand that a training course must be taken before the official hiring process can begin. HR creates creative ways to attract new employees to the store. The HR department at Wal-Mart offers bonus after so many consecutive days of working, paid holidays, paid vacations, etc. HR is hoping that these offers will entice new employees to want to work at Wal-Mart, and for current employees to want to stay at Wal-Mart (Anonymous, 2009). The HR department is also responsible for...

Words: 760 - Pages: 4

Premium Essay

Organizing Paper

...Organizing Paper Organizing Paper In this paper the subject to examine is the organizing functions of management structures within the Bank of America Corporation. The purpose of this examination will be to reveal how management structures at the Bank of America are specifically related to the physical assets and the monetary resources of the company. In essence, this brief analysis will illustrate how financial realities can have a significant impact on the management organization of any company, and the Bank of America specifically. Bank of America: Organizing Functions of Management The organizational structures and functions of any company as determined by management decisions will have an important effect upon the way that companies relate to their physical assets and monetary resources. Understanding the nature of the relationship between management structures and the two aforementioned business elements can reveal much about the way that the company itself is organized, its goals, and its expected market performance. The purpose of this study is to examine the organizing functions of management at the Bank of America, incorporating an understanding of those functions in the broader perspective of the company’s physical assets and monetary resources. Through this relationship, it will be possible to see the Bank of America as a not-so-unique large corporation plagued by the kinds of problems that large corporate targets often deal with. In addition, it will...

Words: 1196 - Pages: 5

Premium Essay

Organizing Paper

...Organizing Paper * * The organizing function of management has any question due to outline of this organization. The organization agrees with events, responsible and authority. Within these business managements arrange by the modern workers. Organizing also can add to the job that is set. The physical assets, monetary, human resources, knowledge and technology are cases to support the progress of the intuition of the organization. Wal-Mart is an example of an organization where knowledge and technology find an energetic responsibility within a function of management. The headquarters come together to assist the employee of the business. The regular customers who shop in department store are welcome. “Wal-Mart is nation’s top suppliers of consumer electronics “Wal-Mart, the world’s largest retailer…” (Wal-Mart chief pitches for 100% FDI, 2010) . Wal-Mart attempts to achievement to of Wal-Mart because it suggest value to the sponsor, business and consumers. The organizing function is significant to the achievement to of Wal-Mart because it engages in handling of the progress and the duties of each store. On some organization it is the manager’s concern of the job to be responsible with the dealing with the associate hiring new staff, and then inspiring the worker to operate more professionally. Characteristics of organizing are that it’s assembles like human resource with related services and organized the entire job basic need for success. The function...

Words: 505 - Pages: 3

Premium Essay

Organizing Paper

...Organizing Paper | Mgt 330 | [Type the author name] | 7/25/2011 | Organizing functions of management and the impact it has on the organization. This paper will explain the functions of management and their department’s role to the success. Managers must understand the functions of the departments to make good decisions and handle any problems that may arise from it. Why do organizations need organizing? How will this impact the everyday functions and the corporate functions to their success? How does the organization know their roles are effective in getting the job done? Is it enough to make a difference? This paper will explain the functions of the Human Resources Department and the Technology department aspect of the organization and how it affects the organization. The Non-for-profit organization that specializes in social services for the District of Columbia and the community they serve. They have been in existence for 73 years since the inception in 1938. The programs that the league represents are the Education Department, Employment Training, Housing and Community Development, Parent Center, and Food and Utility Assistance. All programs are headed by various directors and each have a major role in the success of their divisions and the league. While each unit runs their department independently and collectively, there are flaws in the organization as a whole. One department that lacks in organization is the Human Resources Department...

Words: 1109 - Pages: 5

Premium Essay

Organizing Paper

...Organizing Paper By: Elena Valentine University of Pheonix Every organization operates differently when it comes to how the organize. Organizations are necessary in every culture. Organizations offer different missions, responsibilities, and services to their communities. When it comes to providing these services, each organization abides by certain plans and rules to develop efficient strategies. When an organization is executing a new project, these strategies will then be implemented. When organizations like Southwest Airlines implements the organizing function of management, the organization will include many resources to assist in their organization. These resources are monetary assets, physical assets, technology and human resources. This paper will discuss the evaluation of the organizing functions of management that are related to the resources discussed above. These organizational resources will be evaluated in reference to Southwest Airlines and whether or not Southwest Airlines has maximized these organizational resources for efficiency within the company. Southwest Airlines has an amazing staff. This is a great example of one of the physical assets that attract and maintain customers. The staff follows the “Live the Southwest Way” by applying the warrior spirit, servant’s heart, and the fun-loving attitude (Southwest Airlines, 2010). The warrior spirit is demonstrated by the employees by working hard and showing the desire to be the best...

Words: 1129 - Pages: 5

Premium Essay

Organizing Paper

...Organizing Paper Roxann Ames MGT/330 November 21, 2011 Organizing Paper Sears Holdings Corporation is one of the largest retail stores with four-thousand retails stores. Sears is also a leading retailer for home appliances, and in other areas from tools to automotive maintenance. Also, the corporation receives over eleven million service calls each year; it is the largest home services provider. The company has many brands; a few are Kenmore, Craftsman, and Diehard. They also have various clothing brands two of the best known are Lands’ End, and Joe Boxer. Sears and Kmart also offer the Country Living Collection. Among the companies’ many other attributes they were named the Energy Star Retail partner of the year for 2011. The corporation has several subsidiaries through which it operates; these are Sears, Roebuck and Company and Kmart Corporation. Sears merged with Kmart in 2005 after the shareholders of both companies voted to do so (Sears Holdings Corporation, 2011). Kmart and Sears felt that by merging they could be more demographically accessible. Both companies shared a “customer-focused” culture and this would help them to improve revenue. Maintaining the two brands allowed the corporation to focus on different demographics without making anyone feel left out. Now the company is ran by a board of directors which includes members from both companies. Shareholders from the Kmart Corporation were given stock in the new company. Shares of Sears...

Words: 1196 - Pages: 5

Premium Essay

Organizing Paper

...Organizing Paper Chanel Taylor MGT/230 July 25, 2011 Mary Jane Tytran Organizing Paper Abstract In this paper the subject to examine is the organizing functions of management structures within the Bank of America Corporation. The purpose of this examination will be to reveal how management structures at the Bank of America are specifically related to the physical assets and the monetary resources of the company. In essence, this brief analysis will illustrate how financial realities can have a significant impact on the management organization of any company, and the Bank of America specifically. Bank of America: Organizing Functions of Management The organizational structures and functions of any company as determined by management decisions will have an important effect upon the way that companies relate to their physical assets and monetary resources. Understanding the nature of the relationship between management structures and the two aforementioned business elements can reveal much about the way that the company itself is organized, its goals, and its expected market performance. The purpose of this study is to examine the organizing functions of management at the Bank of America, incorporating an understanding of those functions in the broader perspective of the company’s physical assets and monetary resources. Through this relationship, it will be possible to see the Bank of America as a not-so-unique large corporation plagued by the kinds of problems that large...

Words: 1206 - Pages: 5

Premium Essay

Organizing Paper

...Running Head: ORGANIZING Organizing Paper Joe Rham University of Phoenix Organizing is the function that deals with gathering resources, personnel, money for the project, and any information to complete the task. Organizing also involves grouping people into work units and specifying job responsibilities and allocating resources to the proper positions to achieve a common goal. Organizing plays a major role in the management process. Once the planning process has completed it is time to start the organizing. The manager steps in to administer his or her part by delegating, issuing resources, and procuring finances. The process of acquiring funding for projects or for new equipment is a process that involves filling out a capital expense form for my company’s corporate head quarters. The capital expense form is used to monitor the exact destination of the funding. We also have a departmental budget for each department in the organization and are adjusted on a yearly basis depending on the amount of funding used in the previous fiscal year. I am a frontline maintenance supervisor and we keep a close eye on the parts inventory flow and what we are spending as compared to the previous year. When we install new equipment that was approved by a capital expense, we in turn have to stock each wearable part for that machine and then adjust the maintenance department budget accordingly. We try to spend at least as...

Words: 1108 - Pages: 5

Premium Essay

Organizing Paper

...Organizing Paper ExxonMobil September 14, 2011 Rhoni Dixon Management 330 Raed Ramadan ExxonMobil is the second largest fortune 500 company in the world. It’s CEO is Rex W,. Tillerson. Exxon is the most profitable crude oil company in the United States. Exxon profits topped 30 billion which is a whooping 58 percent jump. Their rate of growth between 2000 – 2010 is 7.7 percent. Exxon ranks #1 in the industry of petroleum refining area. Exxon Mobil believes in integrity. They have a systematic and unwavering focus on safety, financial discipline, operational excellence and high ethical standards. The driving force behind them is their industry is leading return. ExxonMobil has a superior cash flow. Their global functional organization is fundamental to their ongoing success. They have developed for many years building on common standards, processes and culture of the cooperation generates an unique advantage. Senior management involvement is all major decisions ensures consistent global execution on the business operations. The cooperation invested with discipline. There project management incorporates best practices developed around the world. Moody’s and Standard & Poor’s recognize their superior financial strength by assigning the highest credit rating to their financial obligations. They are on e of the very few public companies who has maintained this credit rating. The financial or monetary outlook of Exxon...

Words: 549 - Pages: 3

Free Essay

Organizing Paper

...ORGANIZING PAPER Coca Cola es una de las empresas de bebidas con mayores ventas en la industria. Ejecuta sus campañas comerciales en todo el mundo. Se trata de diferentes tipos de productos como las bebidas gaseosas, agua mineral, té, jugos de deportes, etc. Coca Cola tiene un modelo de franquicias para la producción y la distribución. Sólo el concentrado de jarabe son fabricados por la empresa que se vende a los embotelladores que son sus franquiciador, (Coca-Cola Bottling, 2008). Para la administración es importante organizar las actividades de recursos humanos y tecnología de la organización junto con otros recursos, tales como los activos físicos, recursos económicos y conocimientos de los empleados y establecer eficaz y eficiente estructura organizativa interna de la empresa. La función de la organización se centra en la división, coordinación y control de tareas y el flujo de información dentro de la organización. También los gerentes distribuyen la responsabilidad y autorización a los asociados bajo funciones de administración. La administración de recursos humanos en Coca Cola Company, enfocándose en la adquisición y retención de empleados altamente calificados y bien informados para que pueda mantener su posición de liderazgo en el mercado. Se trata a estos recursos como un activo. Que proporciona condiciones de trabajo y los procedimientos que permita a todos los empleados a desarrollar un sentido de unidad con la empresa y para llevar a cabo sus funciones de...

Words: 1316 - Pages: 6

Premium Essay

Organizing Paper

...Organizing is the function that deals with gathering resources, personnel, money for the project, and any information to complete the task. Organizing also involves grouping people into work units and specifying job responsibilities and allocating resources to the proper positions to achieve a common goal. Organizing plays a major role in the management process. Once the planning process has completed it is time to start the organizing. The manager steps in to administer his or her part by delegating, issuing resources, and procuring finances. When it comes to my company and the physical assets of the business this is handled by my operations manager along with my logistics manager as well. While we are always in the process of trying to acquire new business and open new locations this money of course has to be allocated by our financial officer. At one point in time we had an on-site building maintenance person but this position is no longer being filled. Now when there things that have to be fixed we have to call in outside help and of course this is costing more than it would to have an actual employee do the work. So now management has to figure out a way to keep all of our assets as far as physical, mechanical equipment up to par without spending a lot of money. Of course there will also be those certain times when you have no choice to spend money in order to keep the business running at full speed. There has to be money set aside for cases just like these as well...

Words: 1076 - Pages: 5

Free Essay

Organizing Paper

...Organizing Function for Boeing Management and organizing planning is a necessary job for a corporation as enormous and confusing as Boeing Corporation. The corporations function by international points that supply manufactured goods to consumers threw out the world. The company creates elevated end to go on airplane for military organizations and commercial. The products manufactured are first and primary require to take carry cargo, customer, and achieve military operations. Referring to the most important supporting and inexpensive matters at hand in Boeing Company, estimates the business organize function of management as the company speak about knowledge, technology and human resources department. Boeing Company employment success pattern move toward while the company were departing during important business quantity augment in equally of the company major marketplaces money making military air automobile, and aircraft lining. Boeing’s seven and seven collections of aircraft lining grab a large contribute to the money making airline marketplace with healthy acknowledgement for models like seven three seven, seven four seven, seven five seven, seven six seven, and 777, and the development of seven eight seven. The company supervises regardless of strong competition from European association Airbus Industries and other American manufacturers similar to McDonnell Douglas, that increase important financial support on or after a numeral of governments from European (Gonzalez...

Words: 282 - Pages: 2

Premium Essay

Research Paper on Calbee

...Organizing is a management function that combines people, performance of tasks and financial resources to get results. Small enterprises or companies with turbulent environments tend to be less complex in the organizational function because of frequent changes in strategies. Enterprises with routine technologies require a high degree of structure in the organizing function. Management has the responsibility of choosing the best organizational form for the best possible results. Instructions 1. o 1 Organize the budget to manage the objectives of the programs to be performed for maximum productivity. Determine the costs necessary for overhead to meet the objectives. Determine the projected revenues from fees, grants, gifts, or contracts. Calculate your projected profit margin. Draft a budget and provide justifications. Make adjustments to produce a working budget. Consider last year's budget for similar programs or create a new budget for new programs. o 2 Organize personnel management by developing an organizational structure to avoid wasting time, money and duplication of effort. Classify people into a hierarchy to manage the various activities in order for each employee to know who to report to and who he is accountable to. Assign supervisory responsibilities of the departments to middle level management. Assign foremen to supervise lower-level management. o 3 Review organizational goals in terms of quantity,...

Words: 267 - Pages: 2