Functions of Management BDP301

Learning Goals  Describe management styles and responsibilities  Compare different types of ownership

5 Functions of Management + Leading  Effective management involves creative problem solving, motivating employees and making sure the organization meets goals and objectives  There are 5 functions of management and leadership: 1. Planning 2. Organizing 3. Staffing 4. Coordinating 5. Controlling These functions are different than that of accounting, marketing and finance.

Planning  This involves defining the goal and determining the best course of action to achieve that goal  When planning one must be flexible in order to coordinate with all levels of management and personnel on the team

Organizing  Organizing controls the overall functions of the company  Organizing involves designing tasks and making sure the employees with the right skill sets work on each task

Staffing  Staffing involves all recruitment and personnel needs for the organization  Staffing makes sure that the right people are hired for the right jobs  Staffing encompasses training and development, performance appraisals and promotions

Coordinating  Typically takes place during staff meetings with dept. heads  Plans and coordinates activities and functions for the company  Good communication is required to make sure that all depts. are on the same page.

Controlling  Involves setting performance standards and monitoring employee output in order to ensure that employees are meeting those standards  During this stage problems are often identified and solutions are created for those problems

Case Study Assignment  Read the 5 scenarios given and decided which area of management best deals with each situation. Include a one sentence explanation explaining your reasoning.