Four Basic Funtions of Management in Business Management Essay Example for Free

Four Basic Funtions of precaution in Business Management EssayEvery organization, regardless of size, has developed and implemented its aver management concepts in order for it to run smoothly and accomplish the vision, intent, and objective, the company has set forth. The fundamental functions of management can be broken down into four different areas, allowing the organization to handle the strategic, tactical, and operational decisions (Sanjau, 2007).The four functions of management are essential to construction strong teams and stronger organization. Common to all managers, the four functions are homework, organizing, leading, and controlling (Pakhare, 2007). A good manager is able to accomplish all four functions both efficaciously and efficiently (Bateman Snell, 2009). At Triumph, planning is the foundation in which all management decisions regarding the company will be based upon. The management teams will utilize the planning function to assess the status of the c ompany today, as well as in the upcoming future.Once the management team has an agreed upon plan, and the companys mission has been established, the team must determine how the desired results will be carry outd. The next objective is to establish a tendency and the strategies to achieve the refinements set forth. after(prenominal) setting the goal the next step the management team will accomplish is to create a time line to complete the objective. The organizing function for the team at Triumph is to formulate the activities, which will include the accounting department, sales department and supply chain involved in helping reach the goal that has been set forth.Once all the different departments are set, it is up to the management team to departmentalize the exercise and create smaller groups to achieve the goals and objectives. Once the departments create their own teams a clear organizational structure is drawn and all employees are made aware of whom they are accountable t oo to help reach the goal of the company. Once the departmental teams are in place, the management team can help direct, communicate, motivate and assist the staff in meeting the companys goals and objectives.At Triumph the management team will have open discussion with departmental teams to create and build positive working environment. In this process the employees feel as though they are part of the decision making and will ultimately help the company reach the desired goals and objectives. The final point of the four functions of management is to control or establish the performance standard of the companys objective (Bateman Snell, 2009). In this stage management keeps a block watch to make sure enough that all teams are on track to complete the goals and objectives that have been set forth and within the timeline.If at this point, it appears that one of the teams seems to be off track then management will step in and help guide or make any prerequisite changes. The manage rs at Triumph know that ignoring any of the four functions can result in the failure of the company. Without using the planning stage first to make sure that all objectives are met and then organizing the plan and leading or motivating the team will result in not obtaining the objective or goal of the company.Managers at Triumph know that the final stage of creating an effective and productive team, one must control the budget, departments and cost efficiency of the work implemented to achieve the objectives. According to Barnes (2008), if one can master the four management functions of planning, organizing, leading, and coordinating of resources, their opportunities are endless