Management Essay

Ny organization, whether new or old, small or big, requires certain methods, procedures and plans in maneuver for its efficient functioning. For this to happen, they must develop and implement wariness concepts which help them implement their vision for the future of the organization. world power Planning Organizing Directing/Leading Controlling Staffing The Fifth Function The concept of functions of management was put forrad by Henri Fayol, a management theorist from France, influential in proposing m each of the management concepts in delectation today.Originally, he had proposed five management functions amely, planning, organizing, commanding, coordinating and controlling. Modern texts have reduced the functions from five to 4. They include planning, organizing, leading, and controlling. The four concepts of management, translated into functions lead to the creation of a cohesive organization. They can be seen here as a diagram.It is kindle to note that there is no hard a nd fast rule to be followed in the application of these functions, as management is a real-time decision-making system, any of these functions can be operational in conjunction with any other and also as ndependent entities themselves. Planning is the foundation pillar of management. It is the base upon which all other argonas of management are built. Planning requires administration to assess where the company presently is and where it would be in the coming years.From there, an usurp course of study of action is determined and implemented to attain the companys goals and objectives. Planning is an unending course of action. There whitethorn be sudden strategies required to be implemented during a crisis. There are external factors that constantly affect a company, both positively and negatively. Depending on the conditions, a company may have to alter its course of action regarding certain goals. This kind of preparation or arrangement is cognize as strategic planning.In strate gic planning, management analyzes internal and external tactors that may affect the company, its objectives and goals. integrity of the primary tools of strategic planning is the use of SWOT Analysis, a technique that helps organizations find their strengths and weaknesses, identify areas of luck and take preventive measures against threats arising from both internal and external environmental factors.