Functions of Management SDC Intro to Business

Identify Challenges-- Managers need to be aware of the challenges facing their team or business and what potential solutions are available to them.

• Planning

• Organizing

• Leading/Directing

• Controlling

Forecast future business- To determine the proper solution to each challenge, managers must be able to forecast the future impct of each particular solution of the business.

• Organizing

• Planning

• Controlling

• Leading/Directing

Creating structure - The main purpose of organizing is to create structure and a set of rules to follow. This includes assigning authority, laying the groundwork for the project, and setting expectations for employees.

• Planning

• Organizing

• Directing

• Controlling

Assigning tasks - A vital part of this function is deciding who does what. If a task doesn’t end up being anyone’s responsibility, there’s a good chance it won’t be finished. That’s why assignments are so important: they ensure the project runs smoothly.

• Planning

• Organizing

• Leading/Directing

• Controlling

Formulate objectives and deadlines - Once a solution to a problem is identified, a manager needs to create a game plan to apply it. This involves figuring out individual steps and setting appropriate deadlines and time frames.

• Leading/Directing

• Planning

• Organizing

• Controlling

Allocating resources - In order to get a project done, you’ll need resources. Budgeting, equipment, technology, and office space are all necessary resources, and personnel need access to them to be able to proceed.

• Planning

• Organizing

• Leading/Directing

• Controlling

Determining staffing needs - As goals change, your need for staff will also change. Who gets assigned where is an aspect of this, as is whether or not you need to hire new personnel. As times change, different departments become more important, or will need to be created, and staffing needs change as a result.

• Planning

• Organizing

• Leading/Directing

• Controlling

This is where managers show their leadership skills.

• Planning

• Organizing

• Leading/Directing

• Controlling

Directing - This is a style of one of the functions of management. If you tend to give your employees detailed assigned tasks and then leave them to it, you’re demonstrating this management function. That means that you give precise instructions, but aren’t very involved in how your subordinates go about completing the task. You believe they will get it done with the instructions given.

• Planning

• Organizing

• Leading/Directing

• Controlling

Coaching - This is a hands-on style of a particular function of management. The coaching style involves detailed instructions along with a lot of follow-up and assistance. This is most often needed for new employees who are still learning or an employee that’s taking on a new task or role.

• Planning

• Leading/Directing

• Organizing

• Controlling