Functions of Management

There argon certain functions a person needs to cognize before becoming a victorful tutor. As a omnibus it is crucial to understand what the term forethought means,anagement is a mode of reaching with the consumer and the employees of the company to pass on organization within the company along with meeting the company?s goals.

As a manager one moldiness have skills, and know the importance to following(a) the functions ofmanagement. The four functions of management argon: endning, organizing, leading, andcontrolling.

PlanningPlanning is the first function a manager should start with planning would be considered the foundation tobeing a successful manager. The difference between a successful and disappointed manager lies within theplanning procedure, planning is the rational thinking by dint of goals and the creation of the decision as to what needsto be handed in set to reach the companies objectives. Managers use this process to plan for the emerging andto prep be for any future problems, ?decide on the actions to bilk difficult issues and to beat the competition?.

(Bateman, Snell, 2007). Planning is the first meter in management and it is essential as it facilitates control, valu open irresoluteness making and in the avoidance of future problems.

Wachovia mortgage is a large company whose goal was to provide a stand loan to every existing andpotential home owner in America. Employees at Wachovia Mortgage are committed to providing the fastest thong judgment of conviction for a loan approval and still proving thin customer service. Quality is signifi buttt in the end resultsthat are achieved and how the results are reached in doing what is right for our customers and to continue theimportance of teamwork to reach commonplace goals. The continuous use of a plan is very meaning(a) as WachoviaMortgage has divisions through with(predicate)out the country. The planning process anyows Wachovia Mortgage to be at the top ofthe real estate industry.

OrganizingIn order to accomplish the objective described in the planning process, structuring the companies work iscritical in its process. face is a matter of assigning individuals to a particular proposition project or responsibilities thatmerge together to develop one purpose that is to accomplish the goals. These goals will be reached in accordancewith Wachovia Mortgages values and procedures. ?A manager must know their subordinates and what they arecapable of in order to place the most valuable resources a company has, its employees?. (Bateman, Snell, 2007).

This is accomplished through management staffing the gettable positions, setting up the training for the employees,providing available resources, and organizing the work group into a productive team. ?The manager must then goover the plans with the team, break the assignments into units that one person can complete, connect related jobstogether in an understandable well-organized style and appoint the jobs to individuals?. (Allen, G., 1998).

Organization is strong at Wachovia Mortgage with the ability to be flexible, accepts motley to provide thegreatest customer service experience. For example, when a client is having difficultness providing a condition theunderwriter requested that condition can be reconsidered depending on a valid letter of explanation from theborrower. Wachovia Mortgage managers provide a needed direction for employees to achieve their work relatedgoals. Managers at Wachovia Mortgage are responsible for keeping communion lines open betweendepartments to eliminate any issues from happening.

LeadingA company?s success is determined by the quality of leadership that is exhibited by the managers. Aleader can be a manager, but a manager is non necessarily a leader, says Gemmy Allen (1998). Leadership ishaving the ability to influence and run your employees to help achieve you goal more rapidly. ?Those in theleadership federal agency must be able to and direct themselves to the duties or responsibilities assign during the planningprocess?. (Allen, G., 1998).

Managers at Wachovia Mortgage are there to motivate their employees to accomplish the goals of thecompany and to do better than their competitors. The managers have dailycontact with employees using opencommunication and are able to give direction individually as well as within teams within the department. The leadersare there to inspire their employees to do a better job daily and at the same time preventing any problem that maycome. Authorizing staff to have the capability to recognise with situations is a significant part of leading. (Allen, G., 1998).

ControllingThe function of controlling is where it shows that the managers plan is being applied and in progress.

Gemmy Allen stated that ?Controlling is the concluding link in the functional chain of management activities and brings thefunctions of management cycle full circle.? Having control allows for delegating tasks to become more useful, theteam members and managers may be held accountable for the performance.

Wachovia Mortgage weekly meetings to review article the weekly progress of loans, for see any problems ordelays and to prevent problems that front to be happening. Control is the process through which standards forperformance of people and processes are set, communicated, and applied. (Allen, G., 1998). Managers atWachovia Mortgage control their employees by requiring the completing of files and to insure all loans are auditedcompletely. Managers give monthly work performance evaluations that are a form of control to insure that theycontinue to do their job.

part:Bateman, T. S. & Snell, S. (2007). Management: Leading and Collaborating in a Competitive conception (7th ed., pp. 16 -18). McGraw - Hill.

Bateman, T.S. & Snell, S. (2004). Management: The New Competitive Landscape, (6th ed., pp.13). McGraw ? HillAllen, G. (1998). In Supervision. Retrieved may 27, 2008, from http://ollie.dcccd.edu/mgmt1374/contents.html

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