Reference no: EM132763453

Question: Describe how you will use the four management functions to create value in a given organization. Discuss the importance of technical skills, conceptual skills, and interpersonal skills. How could any of these skills, manage both the internal and external environments?

The four management functions: planning, organizing, leading, and controlling.

1.Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. The planning function for the new business environment is more dynamically described as delivering strategic value. Value is an important concept. Fundamentally, it describes the monetary amount associated with how well a job, task, good, or service meets users' needs. Those users might be business owners, customers, employees, society, and even nations. The better you meet those needs (in terms of quality, speed, efficiency, and so on), the more value you deliver.

2.Organizing is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals. Organizing activities include attracting people to the organization, specifying job responsibilities, grouping jobs into work units, marshaling and allocating resources, and creating conditions so that people and things work together to achieve maximum success.

3.Leading is stimulating people to be high performers. It includes motivating and communicating with employees, individually and in groups. Leading involves connecting directly with people, helping to guide and inspire them toward achieving team and organizational goals. Leading takes place in teams, departments, and divisions as well as at the top of all types of organizations.

4.controlling will monitor performance and implement necessary changes. By controlling, managers make sure the organization's resources are being used properly and that the organization is meeting its goals such as quality and worker safety. The controlling function makes sure that goals are met. It addresses the question, "Are our actual outcomes consistent with our established goals?" It then makes adjustments as needed.

Reference: Bateman, T. (2021). Management: Leading & collaborating in a competitive world (14th). McGraw-Hill Higher Education.