The management function can make a significant difference to an organization or a company’s business. A study shows that companies that implement the right management strategies have higher productivity.
So, how important is the management function in the company? Pay attention to the following explanation.
Definition of management
In general, the notion of management is a set of principles related to the functions of planning, organizing, directing, controlling, and applying principles in utilizing resources, finance, humans, and information efficiently and effectively to achieve organizational goals.
In relation to the company, management can be described as a process that involves the responsibility for the planning and regulation of the operations of an economical and effective company in order to achieve certain goals to be achieved.
Management function within the company
Management is a dynamic process involving a number of elements and activities.
The management function itself is separate from the company’s operational functions because it depends on the level of the organization. Some of the management functions are:
One of the basic functions is planning to determine the direction of the organization in achieving certain goals in the future.
Planning requires knowledge related to the company’s vision and mission.
planning also involves systematic thinking about ways to achieve predetermined goals.
One way is to identify the required tasks and ensure proper use of resources to avoid confusion, uncertainty, or other risks.
With management, you and your company can design future tasks and adapt them to past achievements.
If you are involved in a company management position, you are definitely required to make this plan. There are several things you should pay attention to in making the plan, such as:
Have good knowledge. Understand the company’s goals with existing components and resources along with the problems faced. Also, understand the topics of problems faced by the company.
Predict future possibilities. In order to understand the short and long-term goals that the organization wants to achieve, you must be able to make predictions about future conditions and how exactly to achieve them.
Set goals. Identify specific goals and processes for achieving them.
Create a flexible structure. Even though the planning is made carefully, take into account things that may not go according to plan.
Apart from planning, the function is to organize. Management functions to provide and at the same time unite physical, financial, and human resources and develop productive relationships to achieve organizational goals.
Organizing aims to ensure the company continues to function effectively in day-to-day activities. The function of management as self-organizing is closely related to the management hierarchy.
You will have the responsibility for organizing different resources based on a certain level of management.
At the managerial level, the organizing function will generally occur in several stages such as:
Identification and classification. Identify the various roles, processes, and activities needed to achieve company goals and then divide these roles and tasks.
Assign tasks and resources. The company will assign tasks to the most qualified people and provide resources to support the work.
Delegate authority and create responsibility. Giving responsibility and authority to certain positions to ensure work plans can run efficiently.
Coordinate the authority and responsibility according to the overall function of the role in the company
Third, the function is for staffing. Staffing has the purpose to maintain the organizational structure and maintain it.
The main purpose of this management function is to put the right people in the right jobs.
The placement of the staff will generally involve several things such as manpower planning, recruitment, selection, placement, training, remuneration, job appraisal, promotion, and transfer.
Fourth, the function is to direct the organization to work efficiently to achieve company goals.
In essence, this function is to maintain and increase the productivity of all lines in the company. At the managerial level, this means directing employees, managing ideas, and getting feedback from them.
Not only directing but the function of directing a good manager is also carried out by inspiring employees to always work to achieve goals.
There are several elements in the directive management function, such as supervision, motivation, leadership, and communication.
Lastly, the function is to control. This function basically ensures that the other four functions run correctly so that the company actually achieves the goals it wants to achieve.
The control function requires checking the objectives in a measurable manner. That’s why if you occupy a managerial level, in order for this management function to be carried out, it is important for you to set the standard beforehand.
By setting standards you can monitor quality and measure the parts that you feel are succeeding or failing.
So that the control process runs smoothly, it can be concluded that there are several stages that are usually skipped, such as setting performance standards, measuring actual performance, evaluating deviations, and then taking corrective actions.