Managers are responsible for getting work done through others. We typically describe the key managerial functions as planning, organizing, leading, and controlling. The definitions for each of these have evolved over time, just as the nature of managing in general has evolved over time. This evolution is best seen in the gradual transition from the traditional hierarchical relationship between managers and employees, to a climate characterized better as an upside-down pyramid, where top executives support middle managers and they, in turn, support the employees who innovate and fulfill the needs of customers and clients. Through all four managerial functions, the work of managers ranges across 10 roles, from figurehead to negotiator. While actual managerial work can seem challenging, the skills you gain through principles of management—consisting of the functions of planning, organizing, leading, and controlling—will help you to meet these challenges.
Unformatted text preview: :Four Managerial Functions Basic Management Functions 1 Planning 2. Mission the fundamental purpose of an organization Organizing 2 Leading / Motivating 3 Refer to page 173 Controlling 4 MGT1101 Introduction to Business Chapter 6 Martin de Tours School of Management and Economics Mission To shape our students into independent-minded graduates who are well versed in business, able to communicate effectively, tech savvy, innovative, and ethical to successfully face global challenges. :Four Managerial Functions Basic Management Functions 1 Planning 3. Strategic Planning establishing an organization’s major goals, objectives, and strategy Organizing 2 Leading / Motivating 3 Refer to page 174 Controlling 4 MGT1101 Introduction to Business Chapter 6 Goal An end result that an organization is expected to achieve over a one-to ten-year period Objective Astatement detailing what an organization intends to accomplish over a shorter period of time gy Actionplan implemented to achieve its objectives b j e ctve Goal 1 (Students) To create intelligent graduates To be leading international business school in the ASEAN region Example: Planning Additional MGT1101 Introduction to Business Chapter 6 Strategies Objectives Goals Mission Vision Martin de Tours School of Management and Economics To shape our students into independent- minded graduates Goal 2 (School) To create School’s academic reputation :Four Managerial Functions...
Through all four managerial functions, ..
Planning is one of four Managerial Functions of Management. Planning is identifying, viewing, defining, selecting, choosing the goals and plans of action in order to accomplish or achieve goals. Besides, establishing strategies, developing plans in order to to integrate and coordinate many activities are the parts of Planning.