Introduction to Management

Introduction to Management

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
1. MANAGEMENT STRUCTURE................................................................................................3
Advantages and disadvantages of different types of organizational structures...........................3
Business functions and their responsibility..................................................................................4
2. MARKETING FUNCTION AND ITS RELATION...................................................................4
3. MANAGEMENT FUNCTIONS.................................................................................................5
Different management functions and their responsibilities.........................................................5
Importance of management functions in performance of company............................................6
4. TALENT MANAGEMENT........................................................................................................7
Role of HR in talent management................................................................................................7
Impacts of positive organizational culture on performance of company.....................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Concept of management use in every business and company. Management is the art of doing
work in an organized manner with formally organized group of people. This report will explain
management of Arcadia group. Arcadia group is worldwide famous fashion brand. This report
will explain management structure and business function of Arcadia group and how marketing
function work with different department such as customer service, finance, and Research and
development (Kotler, 2019). This report also present different management functions such as
planning, organising etc. and also explain their responsibilities. In the end of the report it will
show talent management and organizational culture of Arcadia group and It also discusses the
role of HR with relation of talent management and define organizational culture.
1. MANAGEMENT STRUCTURE
Advantages and disadvantages of different types of organizational structures
There are different types of organizational structures that are being used by companies as per
their size and other factors.
Functional: It is somehow like hierarchical in which position starts with at the top and goes
down. Employees are positioned as per their skills (Bai and et.al., 2017).
Advantages
 Team members feel self determined.
 Suitable for all size of companies.
Disadvantages
 Interdepartmental communication can be hurt.
 Create reluctance within comopany.
Flat: It is also called horizontal that is being followed specially by start ups because they do not
have mand departments.
Advantages
 Employees become more responsible.
 Promote open or direct communication.
Disadvantages
 Due to lack of supervisor it can increase errors.
 Difficulties in managing.