Management: Implications and Responsibilities in Management Functions

Management

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Managerial implications and responsibilities in management functions................................3
2. External economic analysis according to management perspective.......................................5
3. Relevance of managerial decision making insofar as bureaucracy and accountability..........6
4. Informal paradigms in a company be a concern of management............................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Management refers to the process of administrating business activities and operation in
order to attaining set objectives and goals. It can be an interlocking functions of formulating
corporate policy and organising, planning, controlling and directing the resources and origins of
the firm so that it can attain its business aims appropriately and adequately (Ansoff and et. al.,
2018). This assignment is based on Ryanair DAC which is an Irish budget airline and established
in 1984. This firm was headquartered in Swords, Dublin, Ireland and operate and offer its
services in numerous countries. There are 13,000 employees who are making their contribution
in running the business operation and activities of the company. This report will discuss about
management of the company and how a company play is managerial responsibilities to
administrate its business. Further, will define about external economic analysis in context of
global environment, competitors, strategic direction, technological implications, social cultural
factors and political obligations. Bureaucracy and accountability will also explain in context of
relevance of managerial decision making.
MAIN BODY
1. Managerial implications and responsibilities in management functions
Management refers and describes as a social activity which consist the responsivity for
economical and efficient planning and regulating operations and actions of a company to meet its
setted objectives. In Ryanair, management indicates to the administration of goods & services,
resources, employees, activities and operations of the company so that the business of the firm
can run in appropriate manner. The management department of the company is responsible for
various actions and activities, they are mentioned as beneath:
Planning- It is the major function of the management in context of a company. It deals
with future course of action and formulating plans or policies to accomplish the set objective of
the firm. In Ryanair, it is responsible to design strategies and policies so that firm can operate its
business effective manner. The administration of the company make plan regarding the growth