Management Essay Example for Free

Management EssayNy organization, whether new or old, small or big, requires certain methods, procedures and plans in place for its efficient functioning. For this to happen, they must develop and implement charge concepts which help them implement their vision for the future of the organization. Index Planning Organizing Directing/Leading Controlling Staffing The fifth part Function The concept of functions of management was put forth by Henri Fayol, a management theorist from France, prestigious in proposing many of the management concepts in use today. Originally, he had proposed five management functions amely, planning, organizing, commanding, coordinating and controlling. raw texts have reduced the functions from five to four. They include planning, organizing, leading, and controlling. The four concepts of management, translated into functions lead to the creation of a cohesive organization. They open fire be seen here as a diagram.It is interesting to note that there i s no hard and unwavering rule to be followed in the application of these functions, as management is a real-time decision-making system, any of these functions do-nothing be operational in conjunction with any other and also as ndependent entities themselves. Planning is the nucleotide pillar of management. It is the base upon which all other areas of management are built. Planning requires administration to assess where the participation presently is and where it would be in the coming years.From there, an appropriate course of action is determined and implemented to pip the companys goals and objectives. Planning is an unending course of action. There may be sudden strategies required to be implemented during a crisis. There are impertinent 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 readying or arrangement is known as strategic p lanning.In strategic planning, management analyzes internal and external tactors that may affect the company, its objectives and goals. One 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 opportunity and take preventive measures against threats arising from both internal and external environmental factors.