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- THE MANAGEMENT THE LEVELS+FOUR FUNCTIONS
- I want you to all try and memorize these terms and undestand how they they work in preparation for our fiel trip.
- Okay everyone, today we're going to learn about the four functions and levels of management.
- An example could be that a business plan to increase sales by 10 percent in the next quarter to increase proft by 5 percent in the next year.
- The first function of management is PLANNING. Planning is the process of setting realistic goal for a business both short-term and long-term and deciding how best to achieve them.
- Sir, I'm little confused, could you give an example.
- So let's imagine a company that is looking for ways to expand. The UPPER MANAGEMENT who are responsible for the performance of an organization as a whole, Like a CEO or VP-determines that setting up a factory in China will allow the company to increase sales by taking advantage of China's growing population.
- Now, the second of function of majnagement ORGANAZING. Organizing is arranging people and taks to carry out the business's plans. each department within a company has it's own manager, who is responsible for organizing and departmanet. Now before any of you ask, I will provide an example which also ties into the level of management.
- Alright now for the third function of management LEADING. Leading is ensuring people work hard, Directing their efforts to fullfil plan and accomplish objectives. Some example could include adding compensation or encouraging employee participation.
- Now the MIDDLE MANAGEMENT-those in charge of large departments or division such a Deans or Plants Managers-are responsible for building and running the factory. The LOWER MANAGEMENT-in charge of a small work group of non-manegerial workers, usually a team leader or foreperson-hires operating workers his responsible for the day-to-day running for the factory
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- Everyone understand so far???
- Finally, the last function of management is CONTROLLING is the method managers use to increase, maintain or decrease the resources they are allocated. employee descipline performance appraisal and budgeting are some examples of CONTROLLING.
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