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Title: Functions of management.
Description: Full description of functions of management. It is very useful for long answer type questions.
Description: Full description of functions of management. It is very useful for long answer type questions.
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Vision
PLANNING
Mission
Objectives
Goals
Strategic Planning
Directional and
motivational guidance for
the entire organization
...
It reflects the culture
and values of ownership
...
Goals are specific statements of
anticipated results that further define
the organization's objectives
...
Strategies are major plans that
commit large amounts of
resource to proposed actions
which are designed to achieve
the major goals and objectives
...
Division of Labor is captured
in an organization chart which
is a pictorial representation of
an organization's formal
structure
...
Recruiting
STAFFING
$
PROFIT
$
Organizational Structure
DIRECTION
Staffing follows the
organization functions by
filling, and keeping filled,
every required position
within the company
...
They are closely
linked and are, typically,
mirrored in the efficiency and
productivity of their
management and staff
...
Power is the ability to influence
others
...
Departmentalization is
the grouping of jobs
under the authority of a
single manager for the
purposes of planning,
coordination and
control
...
It cannot be controlled by
management but access to it can create a
closed circle of communication that can
signal important morale issues
...
Screening includes
proper wording of ads, a
structured interviewing process,
testing and background checks
...
Hiring is a skill of creating a
persuasive and alluring
opportunity proposition
...
Most employers
decry the cost of training without
ever examining the cost of NO
TRAINING
...
Leadership
Organizations do not succeed
while their people are failing
...
Communication
Motivation
Discipline
The Key to successful directing
lies in effectively
communicating directives
...
Needs, Rewards and Effort
are the three most
important components of
positive motivation
...
Avoidance of pain or discomfort is a
powerful method of holding people
accountable
...
Establish Standards
CONTROL
Measurement
Comparison
Action
Re-Cycle
Performance standards
must be established
based on the firm's
objectives and the use
and availability of
resources
...
Without
it, no order can be maintained
and chaos reigns
...
Corrective action must
be immediately taken
whenever there is even
the slightest deviance
between actual and
predicted results and
behaviors
...
It is
also cyclical,
which means it
never ends
Title: Functions of management.
Description: Full description of functions of management. It is very useful for long answer type questions.
Description: Full description of functions of management. It is very useful for long answer type questions.