Bundle: Busn, 10th + Busn Online, 1 Term (6 Months) Printed Access Card + Mikesbikes-intro Simulation, 1 Term (6 Months) Printed Access Card
Bundle: Busn, 10th + Busn Online, 1 Term (6 Months) Printed Access Card + Mikesbikes-intro Simulation, 1 Term (6 Months) Printed Access Card
10th Edition
ISBN: 9780357004197
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
Question
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Chapter 14, Problem 1LO
Summary Introduction

To discuss: Management’s role and importance to organizational success.

Expert Solution & Answer
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Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

  • Management helps in achieving the group goals.
  • Establishes a sound organization.
  • Helps in optimum allocation of resources.

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