Reference no: EM132840477
The four basic functions or principles of management developed by Henri Fayol, an influential figure in modern management theory, are planning, organizing, leading and controlling (POLC) activities. These four basic management functions differ within the management chain.
Planning is the basis of the management function. It determines and outlines the goals of the organization. The planning process involves a strategy that encompasses the actual steps the company must take in order to meet the established goals. The plan should include methods for implementing each of the following steps: organizing, leading, and controlling.
Managers must organize their departments in an effort to define the roles and responsibilities of the workers. They must be prepared to revise those roles and assignment of tasks as the organization experiences growth or industry change.
Managers are challenged to lead their firm's team. There are many skills a successful manager must possess. Two of the main responsibilities include motivating employees and delegating responsibilities to employees. Successful managers encourage their employees to work to the best of their ability and give 110%. They also assign or delegate work that will ultimately help meet the established goals of the organization. Finally, the manager is required to track the progress of the organization.
Controlling is the culmination of all the prior steps - making certain the plans, organization and leadership are put into practice and that they work accurately. This function includes both policy and financial/accounting controls. Planning, organizing, leading and controlling functions can be applied to any level within the management hierarchy. Let's take a brief look at the managers employed at Joe's Steel Corporation.
Joe's Steel Corporation is a company that fabricates a variety of industrial steel products. They are located in the Midwest and cater to regional construction needs. The company employs three primary managers. Joe Smith is the second generation CEO for the corporation. He has the final authority on all decisions regarding the direction of the corporation. Larry Haley maintains the position of plant supervisor. He ensures that customers receive satisfactory service and quality steel products. He is also involved in purchasing, budgeting, accounting, and personnel work. In addition, Sondra Ray manages the steel production line. She handles individual employee work assignments and performance as well as monitoring safety requirements.
Identify one of the levels of management and the manager at that level referenced above and discuss how planning, organizing, leading and controlling could be specifically related to that level of management.
Assignment Checklist:
1. Identify one of the three levels of management [Strategic, Middle, or first line (operational) manager].
2. Identify the employee at the corresponding level of management.
3. Specify how the four management functions are related to that management level by defining the specific tasks and responsibilities of the Manager at that level.