Intro to management

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PART 1: MANAGEMENT STRUCTURE AND BUSINESS FUNCTIONS
Management definition:
Management may be defined as the process of organizing, decision - making, guiding, convincing,
and coordinating a group's workforce in order to effectively accomplish objectives. The purpose
of this research is to investigate organizational management and leadership theories.
Management structure and business function:
The organizational structure defines the sequence of procedures that are set by management or the
firm's head in order to accomplish the firm's commercial objectives. Tasks, duties, and obligations
are activities that can be beneficial. Management may be described as the process of arranging,
leading, encouraging, and arranging some personnel in such a manner that the firm's goals are met
successfully.
 Contingency management theory
According to this point of view, there is no one plan or approach that the business can use at all
times to suit the demands of the organization at all times. According to the concept, the
management approach should be chosen based on the situation that exists in the organization at
the moment.
 Scientific management theory
The concept was proposed by Frederick Taylor, who emphasized that pressing individuals to
secure isn't the greatest strategy to increase their viability and stimulate future invention. Taking
everything into consideration, the corporation should concentrate on improving work out, which
would considerably help in renewing the company's creation.
Kinds of organizational structure:
 Functional structure:
Workers in this group are organized based on their skills and capabilities, as well as their position
in the company. The benefit of this arrangement is that it allows people to focus on their tasks. The
downside of functional structures is that they restrict cross-functional and cross-transportation.

 Hierarchical structure:
The directive is issued from the top of the leaderboard and is passed down the chain of command,
with each employee reporting to a supervisor. The structure has the advantage of being well-
structured and defining the amount of responsibility and control. However, this structure has a
drawback in that employees' attention will be focused on a single unit rather than the overall firm.
Business functions:
Business functions are the tasks that a firm performs, which are further classified as assistance and
core competencies. Sales and marketing, research & innovation, personnel management, finance,
and other business operations are among those carried out by the corporation.
Functions of Management:
 Planning:
This position is responsible for establishing the alliance for future difficulties and commercial
scenarios.
 Organizing:
It is the most frequent method of structuring an organization's assets and workforce in order to
align them with the organization's goals.
 Leading:
This entails enabling and supervising personnel in the best way possible to assist the business in
meeting its objectives.
 Controlling:
This is an evaluation of the duties that have already been delegated to workers to check if they are
in accordance with the company' points.

PART 2: MARKETING FUNCTIONS AND ITS RELATION TO BUSINESS SUCCESS
Marketing functions:
Marketing is described as the practice of advertising the goods and services of an industry in order
for them to be known by customers in the community. This is a vital activity in order to compete
in the market and ensure that the brands are relationships and interactions with customers; only
then should sales occur. Other commercial operations of the association include deals and
advertising, inventive work, worker the board, and money. These cycles are interconnected and
cannot function without each other's assistance and knowledge. It is critical for the organization to
collaborate with other practical offices in order to achieve feasible outcomes and authoritative
aims.
For example, if the technology and development unit performs a study on customer demands and
requirements, the advertising department may use this information to market the things that are in
demand. Furthermore, the people management of the marketing department should guarantee that
the firm's products and services are now appropriately advertised so that the advertisements reach
the desired customers. As a result, all of the actions of the organization are interconnected, and it
can operate as a distinct material.
PART 3: MANAGEMENT FUNCTIONS AND HOW THEY MANAGE A BUSINESS:
Management functions:
The five functions of Henry Fayol are analyzed in additional detail.
• Planning:
Throughout this stage, the objectives, tactics, and norms that will aid the organization in achieving
its goals are established. This role is in charge of preparing the organization for future challenges
and portions of a company.
• Organizing:
At this point, directors following steps are performed workouts for personnel as well as other assets
required to gain a reasonable advantage. It is the most frequent method of organizing the

organization's assets in general and employees in order to adjust them to both the organization's
goals.
• Commanding:
During this tier, regarding the steps individuals to guarantee that appropriate decisions are made
and also that authentic outcomes are attained satisfactorily.
• Coordination:
The purpose of this task is to ensure good synchronization throughout the organization and that all
responsibilities are assigned to each segment. All regions' duties are synced and evaluated to see
if they align with the organization approach.
• Controlling:
The managers will conduct exams and surveys of employees' performance based on the
responsibilities assigned to it. If an agent's viewpoint does not fulfil the basics, they are directed.
Inter-relations of management functions:
Throughout the planning process, the ambitions, methods, and regulations that will assist the
company in achieving its goals are established. This position is responsible for preparing the
company for future difficulties and portions of a corporation. At the organizing stage heads
regularly put together exercises for staff just as different assets needed to acquire maintainable
upper hand. It is the most common way of getting sorted out the association's assets as a whole
and work force to adjust them to both the organization's destinations, and at the commanding stage
the executives give people direction to ensure that they make the fitting decisions and that the true
results are achieved adequately.
Since the capacities are very progressive in structure, they are totally interconnected to one another.
Heads should finish an arrangement of obligations prior to continuing to a last stage, which
involves assessing execution of the staff. At whatever point the system is planned accurately, the
exercises might be efficient and told in the appropriate way, guaranteeing that now the activities
adjust the with association's expected results.
PART 4: TALENT MANAGEMENT AND ORGANIZATIONAL STRUCTURE:

Relation between HR and talent management:
The HR department is in responsibility of recruiting, acquiring, coaching, and developing the
company's workers' talents and capabilities. HR is responsible for selecting eligible individuals
based on prospects and ensuring that the chosen employee contributes value, productivity, and
profitability to the organization. HR is responsible for hiring the finest candidates by analyzing
and categorizing them in various ways. HR should ensure that all legal paperwork is completed
when using a representative. Talent management is the process of attracting and retaining planned
personnel, developing their talents, knowledge, and capacity, and consistently advancing them to
achieve hierarchical goals. The primary goal of this technique is to develop capable and convinced
employees who will work for and be loyal to the organization in the long run. Talent management
is essential not only for managing an efficient workforce, but also for inspiring employees to
achieve their personal and corporate goals by rewarding them on a regular basis. This one will
make it easier to fulfil business goals while also keeping potential employees.
Organizational culture:
Organizational culture may be defined as a set of beliefs, values, concepts, and practices that
encourage an organization to adopt right actions in order to thrive. The following factors have a
significant effect in the quality to which organizations adhere.
There are two types of organizational structure; clan culture is a group-centered civilization in
which whole organizations collaborate in a highly synergistic group. Every person of this culture
is appreciated, and interaction is an important aim in this culture because it allows for the exchange
of ideas and perspectives. Adhocracy culture refers to organizations that engage in innovation and,
as a result, are devoted to bringing about social change. Employees should be encouraged to come
up with new ideas and to provide new ideas that might help the firm.
Strong and weak organizational culture:
A strong culture is one in which norms, traits, and convictions have a significant impact on
employee behavior. On the other side, a weak culture is one in which norms, ethics, and attitudes
have little impact on employee behavior.
CONCLUSION:

Management may be defined as a method of planning, decision-making, guiding, empowering,
and organizing a company's employees in order to achieve its goals. The purpose of this review is
to go through the concept of hierarchical construction as methods.
REFERENCES:
Madura, J., n.d. introduction to business. fourth ed. s.l.:FLORIDA ATLANTIC UNIVERSITY.
Team, I. E., 2021. What Is Management? Definitions and Functions. [Online]
Available at: https://www.indeed.com/career-advice/career-development/what-is-management
[Accessed 12 January 2022].
Williams, S., 2018. 7 types of organizational structures (+ org charts for implementation). [Online]
Available at: https://www.lucidchart.com/blog/types-of-organizational-structures
[Accessed12 January 2022].
Britton, I. W. a. C., 2006. The Business Environment. fifth ed. Leicester: Leicester Business
School, De Monfort University.
Joseph, 2019. The Four Functions of Management: What Managers Need to Know. [Online]
Available at: https://www.aiuniv.edu/degrees/business/articles/functions-of-management
[Accessed 12 January 2022].
Lahey, C., 2019. THE ROLE OF MARKETING: HOW IT AFFECTS BUSINESS AND HOW
TO MARKET THE RIGHT WAY. [Online]
Available at: https://www.insegment.com/blog/role-marketing-affects-business-market-right-
way/
[Accessed12 January 2022].

Intro to management

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