The Four Functions of Management
Organizing is getting resources arranged in an orderly and functional way to accomplish goals and objectives. Managers also hire and train employees-and fire them when necessary.
Leading is providing direction and vision.
Controlling is keeping the company on track and making sure goals are met.
Line and Staff Authority is an organizational structure with direct lines of authority as well as staff who advise line personnel
Centralized Organization is an organization that puts authority in one place - with top management
Decentralized Organization is an organization that gives authority to a number of different managers
Departmentalization is dividing responsibility among specific units, or departments
- keep accurate business records
- knowledge of business
- communicate well
- human relations skills
- problem solving
advantages/disadvantages of being a manager
There are several disadvantages to being a manager. Managers are often blamed when things go wrong, even if they did not cause the problem. Their mistakes can be very costly to a company so they are under a lot of pressure to make the right decisions.