In an article named What Are the Four Basic Functions That Make Up the Management Process? by Leyla Norman. Norman explains that the four basic functions which make up the marketing process are first planning and deciding, organizing, leading and controlling. The first step in accomplishing goals in management is planning. Setting the goals is a great first step to the management process. Planning also requires looking into and the present state of the company. Once the problems have been seen and addressed companies go into strategic planning and must take in place on how they are going to fix it. Planning is a never ending process, (Thorn, 2015) Companies always need to plan or their companies will lose in business. Also, there is long-term
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In an article titled How to Set Business Goals, by Peter Vanden Bos. Bos explained that eighty percent of small business don’t keep up with goal tracking and that is really hurting businesses. Goals are needed for success for the future of a corporation, for example, a co-worker can say “We seek to make more than 500 million this year”. This explains goals for your business and what you want to accomplish and what is the best for your business. Also, this statement describes what a company expects to accomplish in a period of time. Goals in companies should align with your business mission and vision statement. Goals allow businesses to think conceptually and let companies be more creative.
Objectives are assessable, elastic and need to be obtainable to a specific timeline also, Objectives lead to a company’s goals, Objectives can be Sales Growth and Increasing Customer service(Nordmeyer,2015). For example, a statement of an objective would be “We will increase our profit by $100 million in the next three months”. This is an example of what a company would do in order to attain their goal. Objectives are very important because without them, goals will be out of reach. Also, objectives help with giving motivation to co workers and …show more content…
for example, in a restaurant which I work at, we check how many complains we get from a table and we check that everyday. The third step in control processing is to determine if the performance of the employees matches the standards of the goal at hand. For example, the percent satisfaction in a restaurant can be easily identified by taking polls and can be compared to the percent where the restaurant needs to be.
The fourth step in the controlling process is to analyze the difference, in this stage management needs should use critical points in order to see where the differences came about. For example, if plans provide a 4% increase in labor costs, differences beyond the 4% need to come to Managements direction. Also, managers should focus on Key Result areas (KRA’s) which act as the critical points. KRA’s are very essential for the success in the organization and can make or break an
In an article titled How to Set Business Goals, by Peter Vanden Bos. Bos explained that eighty percent of small business don’t keep up with goal tracking and that is really hurting businesses. Goals are needed for success for the future of a corporation, for example, a co-worker can say “We seek to make more than 500 million this year”. This explains goals for your business and what you want to accomplish and what is the best for your business. Also, this statement describes what a company expects to accomplish in a period of time. Goals in companies should align with your business mission and vision statement. Goals allow businesses to think conceptually and let companies be more creative.
Objectives are assessable, elastic and need to be obtainable to a specific timeline also, Objectives lead to a company’s goals, Objectives can be Sales Growth and Increasing Customer service(Nordmeyer,2015). For example, a statement of an objective would be “We will increase our profit by $100 million in the next three months”. This is an example of what a company would do in order to attain their goal. Objectives are very important because without them, goals will be out of reach. Also, objectives help with giving motivation to co workers and …show more content…
for example, in a restaurant which I work at, we check how many complains we get from a table and we check that everyday. The third step in control processing is to determine if the performance of the employees matches the standards of the goal at hand. For example, the percent satisfaction in a restaurant can be easily identified by taking polls and can be compared to the percent where the restaurant needs to be.
The fourth step in the controlling process is to analyze the difference, in this stage management needs should use critical points in order to see where the differences came about. For example, if plans provide a 4% increase in labor costs, differences beyond the 4% need to come to Managements direction. Also, managers should focus on Key Result areas (KRA’s) which act as the critical points. KRA’s are very essential for the success in the organization and can make or break an