March 19, 2015
Four Function of Management
The management process consist of four function planning, organizing, leading, and controlling. The first initial steps of this phrase in management is planning or preparing a sensible strategic goal about activates that involves groups, work, or units in the way the plan will function in the future. Planning is not an informal or haphazard response to a crisis; it is a purposeful effort that is directed and controlled by mangers and often pertains to the knowledge and experience of the employees within the organization. Planning offers a clear view point of the future activities and creating flexibility when needed.
The second step of management is organization it is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals. According to Henry Fayola, “To organize a business is to provide it with everything useful or its functioning i.e. raw material, tools, capital and personnel’s”. To organize a business involves determining & providing human and non-human resources to the organizational structure. Organizing as a process involves assigning duties, delegating task and labelling responsible entities. Leading will mobilize individuals.
The final function is controlling. In this step it means to learn and change the organization as it grows. The four function of management are the key concepts to effective management.
The internal and external dynamics which have inclined organizational functions in numerous methods are innovation, diversity, ethics, technology and globalization, which abstain important influences on laying out organizational functions. The external and internal factors are strongly influence by the four functions of the organization. The organization are required to properly address the functions in order to achieve the goals and organizational targets for a successful business. In addition, the internal and external factors support and identity’s the risks associate with the business process and the environment “according to Coyle-Shapir planc concerning the o, 2004”.
The competitive market is constantly changing daily around the world therefore, directors and business must consider employee from international region and he or she has to think outside the box. Globalization, technology, innovation, diversity, and ethics require comprehensive planning for management. McDonald’s is an organization that uses strategic planning and organizational tools to successfully manage and market hamburgers.
Globalization is an external motivating factor that possess important elements. Globalization is a how-to-guide for manager to establish and successful organize the business. Globalization is the results of remarkable increase of cross-border trade, cultural exchange, investments, emergent economics, and population growth. Globalization consist of the four factors of management. Globalization can influence situation to take place that companies formulate with little to no control over. The external factor cause organization such as McDonald to update the company’s plan and monitor the capabilities of the management team. McDonald cooperation is a national corporation that sells fast food and even scholarships for schools. The fast food chain is best known as the number one fast food chain. The industry or region causes the need for its hamburger to stay competitive. The fast food chain is well known for their French fries and big mac burgers across the world. The way Mc Donald stays competitive is by tapping into the globalization market. McDonald’s has more than 33,000 outlets worldwide and the company is serving more than 33 countries across the world. The McDonalds Corp is regarded second in number of employee’s category among related companies by capitalization. The total workforce…