Four Management Principles

1455 Words 6 Pages
Abstract
The four management functions are important for a business to succeed efficiently. Throughout this essay the four management functions will be discussed. Additionally, there will be information regarding the type of skills a manager should possess to lead successfully. Moreover, there will be examples of how a manger displays these specific skills. To conclude, there will be information regarding the challenges that manager’s face, and how they should handle these challenges. Management Principles To begin, the four functions of management include; planning, organizing, leading, and controlling. Planning helps one to keep organized, and on track to pursing ones aspirations. According to Bateman and Snell (2013), “Planning is specifying
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These challenges include; globalization, technological change, the importance of knowledge and ideas, collaboration across organized boundaries, and an increasingly diverse labor force. Every business will have many benefits, and will face many challenges. Globalization means an increased social awareness; therefore more competition from all over the world. For example, according to Bateman & Snell (2013), “The internet enables people to connect and work from anywhere in the world on a 24/7 basis.” (P.16). Technology has made it possible for managers to communicate from across the world at any time, although it has affected competition from foreign manufacturers. Bateman states, “And companies are under pressure to improve their products in the face of intense competition from foreign manufactures” (Bateman, 16). Overall, managers, and manufactures need to stay up to date, and constantly improve their products, because there will always be global …show more content…
For instance, businesses from all over the world are gaining knowledge from their consumer’s wants, and needs in order to create a product that sells well in any market. According to Bateman & Snell (2013), “Because the success of modern businesses so often depends on the knowledge used for innovation and the delivery of services, organizations need to manage that knowledge.” (P.17). Managers should continue to not only gain knowledge through goods and services, but involve their customers. This will bring in new ideas, and customers will be content with these changes. Moreover, communication is important for proper collaboration among businesses. According to Bateman & Snell (2013), “One of the most important processes of knowledge management is to ensure that people in different parts of the organization collaborate effectively. This requires communication among departments, divisions, of other subunits of the organization.” (P.18). A manager should open up opportunities for people to collaborate in an organization. For instance, they could open up an online resource for all employees to connect with one another to expand knowledge, and ideas. This tactic would improve communication among an organization. Lastly, diversity must be balanced. According to Bateman & Snell (2013), “The increase in gender, racial, age, and ethnic diversity in the workplace will accentuate the many differences in employees’ values, attitudes

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