Introduction
In 1916, a Frenchman named Henri Fayol wrote a book entitled Administration Industrielle et General. As a former coal mine director, Fayol had discovered four distinct functions of management he stated were applicable in any industry. Today, these functions are still found in any industry or business in the world.
The four functions of management are Planning, Organizing, Leading and Controlling. Planning sets the direction a company is going, and how it will accomplish those goals. Planning involves day to day operational issues and well as forecasting the future, and creating plans to deal with uncertainty. With most businesses, planning is constantly updated and improved as necessary in order to create better processes, and
According to Yuksel, “SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis is one of the approaches used in the analysis of the strategic position of a company as part of the strategic planning process” (Yuksol, 2012, p. ). Yuksol studied strengths and opportunities as benefits, and addressed weaknesses and threats as costs and concludes “The significance of a factor for a corporation depends on its simultaneous evaluation with all other factors” (Yuksol, 2012, p.). Using the proposed model, management can evaluate strengths, weaknesses, opportunities and threats and how these factors help or harm an organization. Based on a SWOT analysis, an organization can use the information to create a strategic plan to alleviate weaknesses and threats. Again, the theme of continuous planning as conditions evolve is
The article discusses how leadership training should be conducted, and concludes ethics training is not about introducing additional subjects, it is about focusing on ethics and not just the technical aspect of a leaders duties in order to develop a “leader who pursue what is best for the common good in ways are ethical, responsible, and sustainable” (Smit, 2013, p. ). Transformational vs Transactional Leadership: Which is Better? Discusses transactional and transformational leadership, in order to debate which is better for the hotel industry in Taiwan. Both leadership styles were presented and shown to be influential. Transactional leadership was more beneficial in affecting organizational commitment, while transformational was found to be better in the area of gaining employees trust. The study revealed both styles are best used together, “Transformational and transactional should be used simultaneously to get the best effect of leadership styles” (Hui-Chun et. al., 2013, p. ). The study made sure to point out Transformational style was found to be the best in this instance. The common themes of leadership are focused training, employee development, and employee empowerment is
Organizational transformation happens when leaders are able to impact the culture in a positive manner, and he or she can lead an organization through changes, all while remaining encouraging and ethical. Northouse (2013) defines leadership as a process whereby an individual influences a group of individuals to achieve a common goal. Leadership ethics is about who leaders are, their character, what they do, and their actions and behaviors (Ethical Leadership, 2016). This case study is about leaders at a Texas plant, and how their leadership style, communication, and ethics affected the organization.
Henir Fayol a French industrialist defined management as consisting of five main activities, planning, organising, commanding, coordinating and controlling. Planning includes defining goals, establishing strategy, and developing plans to coordinate activities. Organising includes determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made. Commanding is telling people what should be done. Coordinating involves determining the timing and sequencing of activities so that they work together properly, allocating the appropriate proportions of resources, times and priority, and adapting means to ends. Controlling is the process of monitoring performance, comparing it with goals, and correcting and significant deviations.
Through personal experience, Fayol distinguished what he thought to be the prime functions of being a manager. It is said that he was the first to illustrate the need for the education of management (Brodie, 1967, in Fells, 2000) and in relation to management; Fayol’s perspective was what managers should do. Through categorising business activities into six activities, technical; commercial; financial; security; accounting and management; Fayol’s work focused on the latter category, management (Fells, 2000, pg.345).
The SWOT analysis (abbreviation for Strengths, Weaknesses, Opportunities and Threats) is an essential tool in marketing for understanding and supporting decision-making in all kinds of situations in business and organisations. In brief, it provides an accurate context for studying strategies, positions and directions of a company proposition. It is used mainly for business planning, competitor evaluation, marketing, business and product development and research reports. SWOT analysis is also a widely recognised method for gathering, structuring, presenting and reviewing extensive planning data within a larger business or project planning process. (Chapman, 2014)
A SWOT analysis is simple exercise that could be implemented on multiple subjects including an individual or a whole corporation. The SWOT analysis is an operational tool for managing change, defining strategic direction and setting realistic goals and objectives according to Simoneaux and Stroud (2011). Discovering new opportunities and manage and eliminate threats that are present in the company and the surrounding market. SWOT is a valuable technique that leads to a better understanding of the strengths, weaknesses, opportunities and treats both internally and externally. The strengths and weakness are to be considered internal factors and opportunities and threats to be e...
The definition of SWOT analysis is comprehensively summaries the internal and external conditions, critical evaluate advantages and disadvantages of organization, facing the opportunities and threats, in order to the combination of company 's strategy and internal resources and external environment (Yuan, 2013). In contrast, SWOT analysis method is a descriptive model, because the enterprise strategy is often a typical uncertainty problem, the lack of adequate analysis and logic, and a SWOT analysis cannot provide the specifically, format of strategic advice (David,
The starting point of the strategic management is said to be the DESIGN SCHOOL with an emphasis on process. However this system is entirely based on the SWOT analysis. Swot stands for strength, weakness, Opportunities and Threats. Strength is a show...
The first function of management is planning. "Planning is systematically making decisions about the goals and activities that an individual, a group, a work unit, or overall organization will pursue." (Bateman & Snell) In my organization, planning takes up the most time. Objectives must be laid out, potential products must be examined and the timing and type of marketing must all be planned out before we provide our product to our customers. This function should be first and foremost to all individuals involved in the organization. Poor planning will result in your organizations demise.
A SWOT analysis is a measure tool to summarize a company’s internal and external aspects. By measuring the company’s strengths, weaknesses, opportunities and threats and looking for improving solutions by using the strengths and opportunities to improve on the weaknesses and take the necessary actions concerning any threats a company can survive in today’s world market.
Managers have five major functions to perform, namely planning, staffing, organizing, controlling, and coordinating. These roles or functions of the management separate management from other roles such as marketing and accounting among others. The lessons that I have currently learned will help me in becoming a manager who will be capable of making various decisions that will have an impact on the whole firm. Additionally, the area where I have much interest in is the function of controlling in management.
The first function of management is planning. Planning is a process that managers use to identify and involve goal setting and decide the best way to achieve the goal.(Bartol 2007) Planning connect the gap between where we do, where we intend to go. It predict the possible things to happen which would not otherwise happen (MSG 2012). There are several steps to the planning process, which are determine the goals of the organisation, evaluate the current position, consider possible future conditions, identify possible alternative actions and choose the best. Planning is the criteria thinking through goals and making decision to achieve the goal of the organisation’s objective, which requires a systematic way. Also objectives focus the managers how to achieve the final result as managers have to predict anything will happen, avoid the problem and fight back to competitors. An example of planning, which is the President Canon Inc Tsuneji Uchida and lead Canon Company become the no.1 in the global business (Canon.Inc 2011). Tsuneji Uchida has to understand what is the company objective and goal. First, make decision to protect the position and the aim of canon, improve the operation more diversity. Second, he creates the new design of camera and new technology, he plan to do these things to maximise profit.
A manager has four principal functions or duties of management. These include; the process of planning, organizing and leading an organizations human, financial, material, and others resources to increase its effectiveness. (George & Jones, 2005)
"In everyday language usage, management refers to the people in organizations who manage, and to the activities they perform." (Fulop, Frith, Hayward 1992 p. 187) To be more specific, management is the process of organizing work activities with and through people to ensure the activities are completed efficiently and effectively (Robbins, Bergman, Stagg, Coulter 2006, p. 9). Through management, the goals of the organization or business are to be achieved. Henri Fayol, one of the most influential contributors to modern concepts of management, proposed that there are five primary functions for management, which consist of planning, organizing, commanding, coordinating and controlling. Nonetheless, the functions of commanding and coordinating have metamorphosed into leading (Crainer 2003).
Initially, transactional and transformational leadership are different in terms of implementation and its outcomes. However, transformational leadership was developed from transactional leadership (Downton, 1973). Bass (1985) defined transactional leadership as an exchange activity that leaders execute to motivate subordinates in order to achieve their tasks by giving out reward or punishment correspond with their performance. Additionally, active and passive management by exception are taken into account when it comes to misconception and faults. Bass (1985) stated that transformational leadership emphasizes the value of subordinates, encourages them to perform extra effort, and assures their comprehension on organization’s goals and objectives. Besides, idealised influence, inspirational motivation, intellectual stimulatio...
The four functions of management include: planning, management, leading and controlling. Internal factors impacted the PLOC in many different ways. Everything internal and external for this company deals with planning, organizing, leading and controlling, as it is the foundation for any management team.