Management Functions

Asforthe word ‘management’, there has been long debate about its meaning. For our purpose, we take the perspective of the functions that managers

Critically discuss the extent to which Fayol's classical analysis of the management function has largely been made redundant by the more recent empirical studies of what managers actually do, such as that favoured by Mintzberg.

Right after 1983, Schulze launched his “Superstore Format” concept, which redefines the position of Best Buy as a “Big Box Electronic Store”. This move boost the customer’s opportunity to interact with products before purchasing it.

According to Henri Fayol, managers perform five basic functions; planning, organizing, leading, commanding, and controlling. Managers also adapt to assuming multiple roles, enabling them to comfortably transition between being a Monitor, a liaison, a disseminator, a resource allocator, and more. Successful managers do not simply dictate orders, they apply multiple disciplines, embrace the organization as a living breathing entity which has differing moods, requirements and needs, and they understand strive to create a challenging and satisfying work environment, one which promotes innovation, employee dedication and high productivity. To create this type of environment, managers need to understanding their greatest asset are the people whom they manage. A successful manager fosters trust with their subordinates, empowers them to grow and learn, and becomes a dependable resource the employees can count on no matter what struggle may stand before them.

and greatest products. In order for Best Buy to stay atop of the top 25 organizations

The five functions of management are imperative in any business especially mine where we use computer technologies as our main source of profit. My company is a contract based company that provides technical support to a variety of customers through a cloud system to replace any IT information needed. In a business such as mine, the practices of planning, leading, organizing, staffing and controlling are all equally important. Each function has its own place and use in both a conjunction with other practices or on its own. In this paper, I will go into depth on how each practice is used either by me or by my other co-workers that make up our team.

Lastly, management’s involvement creates stress with scheduling, meetings, and managing. Managers will have to look at the big picture and make decisions based on this new scheme. The old days of just walking down the hall and giving someone, a task to complete is over. This new scheme requires more organization and better communication skills too.

In my explanation of the four management functions, I will explore how they apply to my organization, my supervisor, and my position. The planning, organization, leading, and controlling aspects of management are what I will discuss in this paper.

Best Buy is the largest retailer of consumer electronics in the world. The company has a large of stores in the U.S. and about 2,916 stores in China, Canada Mexico as well as 8 European countries. Best Buy is the 10th biggest online retailer in the united states and more than 1.6 billion users visit the company’s websites or the stores each year. Best Buy currently employs approximately 165,000 people and its world consumer electronics market share is 19 percent. Best buy unlike its competitors Amazon and Wal-Mart does not employ a low price strategy. The company’s recent strategy is concerned on delineation driven by employee training, online and in- store enhanced consumer experience. In 2013, the home segment operated under various brand names such as Best Buy, Pacific Sales and Magnolia Audio Video. The company opened 105 US Best Buy Mobile stand-alone stores and closed 47 US Best Buy stores, one US Best Buy Mobile stand-alone store and one Magnolia store. Best Buy continues to offer Geek Squad support services, and Best Buy Mobile store is still active. In the year 2014, there was expectation to close additional between five to ten US Best Buy stores by the company and open a small number of US Best Buy Mobile stores. The global section is operated under the brand names of Best Buy, Best Buy Mobile. Best Buy Express was also introduced in a small-format store in Mexico.

The four functions of a manager are planning, organizing, leading, and controlling. These are key elements that managers must understand to run a successful organization. I will view each concept as well as their roles to acknowledge how these functions have been related to my personal experience in the work environment. Behind the scenes of a manager, they spend an equal amount of time planning so that he or she can successfully achieve the leading and controlling functions. These functions are standard for any industry that is striving to maintain a strong organization. While reviewing this paper, try to think of the four functions as a method that is established to build on each other. The four functions must be performed efficiently, and when done correctly, an organization will reap the accomplishments from a well-defined plan. My own experiences of how the four functions operate illustrates that each role requires a manager to devote time and patience in order to ensure that the main principles are achieved.

1. Evaluate the classic management functions and their relationship to each other, including the extent to which they may or may not be interrelated.

It is important to have a good management to direct Best Buy to the correct direction.

In a variety of business environments around the world, four management functions are usually found. The functions are planning, organizing, leading, and controlling. These are used from top-level management to frontline or organizational management. Globalization, technology, innovation, diversity and ethics are factors that affect these business functions. One can examine almost any organization and find this to be true. Wal-mart is one of the leading retail organizations in the world whose management functions are affected by these factors.

Management is the process of working with other and capital to achieve organizational goals. Also management is defining as creative problem solving. This creative problem solving is accomplished through the four functions of management: planning, organizing, leading and controlling. The intended result is the use of an organization 's resources in a way that finish its mission and objectives. Every good manager, supervisor or leader does those tings both effectively and efficiently.

The paper will explore different theories of Management, include Henri Fayol and Henry Mintzberg. This section of this paper provides an overview of functions, roles and skills required of a manager. What is Management? Management can define as the process of reaching organisational goals by working with and through people and other organisational resources. (Management Innovation, 2008).