Management Functions and Manager Roles

What is Management?

Management includes the processes or functions of planning, organizing, leading, and controlling.

What Does Management Help With?

Management helps focus on setting and meeting goals effectively so a profit can be made.

Characteristics of a Manager

Managers need a thorough understanding of business operations, which involve all the activities of a company.

Four Functions of Managers

• Planning
• Organizing
• Leading
• Controlling

Why is Good Communication with Employees Important?

Good communication helps assure that objectives are met.

Planning Explained

Planning is the act or process of creating goals and objectives, as well as strategies to meet them.

Organizing Explained

Organizing is getting the resources arranged in an orderly and functional way to accomplish objectives and goals.

Functions of a Manager When Organizing a Business

These are the same four core functions: planning, organizing, leading, and controlling.

Organizational Chart

An organizational chart shows how the firm is structured and who is in charge of whom.

Top-Level Manager

A top-level manager is responsible for setting goals and planning for the future, as well as leading and controlling the work of others.

Top-Level Management Composition in Large Companies

It can be composed of a chief executive officer and at least one president.

Middle Manager

A middle manager carries out the decisions of top management.

Duties of a Middle Manager

They are often responsible for various departments in a business, such as production, marketing, and accounting.

Operational Manager

An operational manager is responsible for the daily operations of a business.

Examples of Operational Managers

• Supervisors
• Office managers
• Crew leaders

Main Duty of an Operational Manager

Duties include overseeing workers and meeting deadlines.

Leading

Leading means providing direction and vision.

Tasks of a Leader

One key task is resolving conflicts.

Managerial Values that Positively Affect Employees

Showing respect to others, honesty, loyalty, courtesy, and a strong work ethic can have a positive effect on employees.

Controlling

Controlling the operation means keeping the company on track and making sure that goals are met.

How Managers Control Operations in the Business

Managers keep track of the budget, the schedule, and the quality of the products or services they provide. They also monitor their employees and their performance according to standards. Correcting errors when goals aren't met is another important task.