Business Studies, asked by chikosiamos, 1 year ago

Good management can lead to the success of a business entity.With the aid of a field research analyze the viability of the functions of management (100)marks

Answers

Answered by danielochich
1
Good management can lead to the success of a business based on the following management functions.

There are four management functions namely :

1.) Planning

-At this point the manager creates a detailed action plan aimed at some organizational goal.

- It is upon the manager to recognize which goals need to be planned within his or her individual managerial area.

- Planning is a process that is ongoing which can be specialized based on organizational goals, departmental goals and divisional goals.

- Planning enables the manager to set goals and be informed of what he needs to achieve as a manager with the help of her employees.


2.) Organizing

- At this point the manager determines how he or she will distribute the available resources and organize his or her employees to carry out the laid plan.

- The Manger identifies the different roles and assigns the appropriate amount of employees to carry out her plans.

- The manager then delegates authority, assigns work and provides direction on what needs to be done.

- Thus sets the working moving and thus the employees know what is required of them.


3.) Leading

- It involves connecting with the employees at a personal level.

- It involves communicating, motivating, inspiring and encouraging employees towards a higher level of productivity.

- It is beyond giving instructions and orders.

- When you are a manager and not a leader it means the employees will do what you say simply because they have to do it since it is their responsibility.

- However when you are a leader an employee will voluntarily follow the direction given by you simply because they are inspired by who you are and what you stand for.

- This puts a determination in each one of them and thus higher goals are achieved.


4.) Controlling

- These are processes created by managers to manage the success achieved by the team.

- Managers at this level are required to establish performance standards, measure the actual performance and compare the metrics to identify anomalies.

- At this level the mangers can check whether the actions in place are bearing fruits and see whether some improvement needs to be done.

These four management functions contribute greatly to the success of a business is well observed and implemented in an organization.
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