Introduction to Management

INTRODUCTION TO
MANAGEMENT
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
1) MANAGEMENT STRUCTURE & BUSINESS FUNCTIONS.............................................3
i) ADVANTAGES & DISADVANTAGES OF ORGANISATIONAL STRUCTURE.........3
ii) BUSINESS FUNCTIONS & RESPONSIBILITIES........................................................5
2) MARKETING FUNCTION & ITS RELATION TO BUSINESS SUCCESS.......................6
3) i) MANAGEMENT FUNCTIONS..........................................................................................7
a. PLANNING..........................................................................................................................7
b. ORGANISING.....................................................................................................................7
c. STAFFING...........................................................................................................................7
d. DIRECTING.........................................................................................................................7
e. CONTROLLING..................................................................................................................7
ii) “ORGANIZING PLANNING AND SUCCESS”...................................................................8
4) i) TALENT MANAGEMNT...................................................................................................8
ROLE OF HR IN TALENT MANAGEMENT:.........................................................................8
ii) ORGANIZATIONAL CULTURE..............................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUCTION
This report file outlines the various functions of a business and how these functions help to
manage a business. Different organizations have different forms of business structures according
to its needs. We will also study about what are the pros and cons of different organizational
structures (Child, 1972). Also the importance of marketing function in the success of any
business will be noted. Further, we will outline the need of human resource in an organization as
to how it creates and supports an organisational structure.
MAIN BODY
1) MANAGEMENT STRUCTURE & BUSINESS FUNCTIONS
i) ADVANTAGES & DISADVANTAGES OF ORGANISATIONAL STRUCTURE
Type of Structures Advantages Disadvantages
I. Hierarchical  Motivate staff through
a clear professional
and promotional career
path.
 Build relationships
between staff in the
same department.
 Due to bureaucracy,
innovation or major
changes can be slowed
down.
 This can lead to a lack of
ownership among low-
level employees and
cannot express their ideas
about the company.
II. Functional  Help the department
and team feel strong.
 It can be expanded in
any type of company.
 Prevention of
communication between
the departments.
 It confuses the various
business or product
processes and strategies.
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III. Horizontal  Provide more
responsibility to
employees (Stverkova,
and Pohludka, 2018).
 Improving
coordination and speed
at which new ideas are
implemented.
 May lead to confusion as
the employee has no clear
supervisor
 Once the enterprise goes
beyond the initial state, it's
hard to maintain.
IV. Market based
divisional structure
 Can respond quickly to
changes in industry or
customer requirements.
 Encourage
independence,
independence and an
individualised
Approach.
 Duplication of resources is
easy
 This can lead to confusion
between the headquarters
and its services.
V. Matrix  Allows supervisors to
select individuals
easily by project
requirements
 Encourages employees
to utilise their skills
across their original
roles
 Conflict between heads of
departments and project
managers.
 It is more frequently
adjustable than other
flowchart types.
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