4 Steps of Management - 826 Words

Management is a problem solving technique to obtain set goals and objectives. The four basic management concepts, planning, organization, leading and controlling allow management to reach these goals effectively and efficiently when applied properly. The first technique is planning. A good manager will have a good plan in place to accomplish the goal and objective. Without a plan the project will never succeed. A goal has to be set along with the best way to obtain it. Resources have to be identified and made available. A manager needs to compare each team member properly to the individual in the where they are best suited. Timelines and milestones have to be set. During this process management needs to plan for what problems†¦show more content†¦If this transfer of information in unclear more questions arises, it delays funding and can cause the loan or project to be delayed past original closing date. Leading is the step. This is where a manager will influence a personâ⠂¬â„¢s behavior by communicating, motivating, inspiring and disciplining. Communication is a constant throughout all four steps. When leading a manager wants to remind the group of what the goal is so they never lose sight. He or she needs to gives feedback and build confidence in each member. When every team member works toward achieving a goal the project has a high chance to be a success. Motivation increases production, managers need to understand what motivates each member to peak performance. My manager falls into theory Y. The company I work for all business is self generated. I earn a fee based on performance and funding. He puts brainstorming sessions together and keeps us up to date on current events in the marketplace. I have a staff that helps process each file and makes sure the proper documentation is supplied and submitted correctly to the financing entity. Since everything is fee based each member wants the same result, a funded loan. Control is the final step. This is the process ofShow MoreRelatedOutsourcing at Office Supply1540 Words   |  7 Pagesfor Outsourcing at OSI 2 Business Strategy Costs/Benefits Implementation Change Management Risks †¢ Decrease infrastructure costs by utilizing a more specialized, third-party staff. †¢ Experience cost-savings during the 2nd year, but face increased expenditures during 1st year. †¢ Maintain availability and performance through SLAs with the vendor. †¢ Ensure a smooth transition through a formalized change-management program. †¢ Mitigate risks by documenting procedures and improving employee awarenessRead MoreUsing Fuzzy Decision Tree And Data Mining1390 Words   |  6 Pagesartificial intelligence takes past cases and analyses them to implement those rules to the new case which helps to make decision. This method also makes present cases experiences for future decision practices. 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