Functions of Management

Functions of Management

MGT330
Joseph Macksoud
March 24, 2003










Functions of Management
Most successful businesses are guided by the basic philosophy that every action taken by the business should translate into a benefit to the bottom line, or increase in profit. To this end, the company at which I am employed (we’ll call it AFL) is the world leader in automotive wiring harnesses and follows this philosophy religiously. As an example, each year in our president’s policies outline is a goal for management improvement. Our president defined our management strategy as “Establish company-wide Performance Management and measure effectiveness of improvement training initiatives” (George Herman, 2003). Performance Management is a web-based system to assist in managing the four functions of business management: planning, organizing, leading and controlling. This paper will discuss how these four functions of management apply to AFL, to my direct supervisio...