Introduction to Management: Structure, Functions, HR Report

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This report delves into the core concepts of management, exploring organizational structures, including hierarchical, functional, and divisional types, along with their respective advantages and disadvantages. It examines business functions, such as purchasing, accounting, production, marketing, and research & development, detailing their roles and interrelationships. The report further analyzes marketing functions and their integration with other departments. It presents Henry Fayol's five functions of management – planning, organizing, commanding, coordinating, and controlling – outlining their accountabilities and interdependencies. Additionally, the report addresses HR and talent management, emphasizing their role in attracting, retaining, and developing employees, and concludes with a discussion of organizational culture, highlighting various models like power, role, task, and person cultures and their impact on business success. The report references relevant books and journals to support its findings.
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Introduction To Management
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Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
1- Management structure & business functions...............................................................................3
Business functions.......................................................................................................................4
2- Marketing functions.....................................................................................................................6
Marketing and its interrelation with other functions...................................................................6
3- Management functions................................................................................................................6
Interrelation of management functions.......................................................................................6
4- HR and talent management..........................................................................................................6
Organisational culture.................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
Management can define as procedure of planning, organizing, decision making, leading,
encouraging and controlling performance of human resources within a company and overall
organizations as well. It can also consider as set of norms relate to functions of planning,
directing and managing as well as application of principles. This study will define types of
organizational structures and their advantages & disadvantages as well. Furthermore, it will
explain interrelationship of marketing with other functional units and will also justify different
functions of management. This report will clarify the role of human resource in context of talent
management and culture impact on business success.
TASK
1- Management structure & business functions
Organizational structure-
It can define as method or approach by which managements has successfully divided
organizational activities and performance and coordinated (Joseph and Gaba, 2020). In recent
time, companies create its structures in order to coordinate business actions or activities of work
elements and control each staff member performance.
Management and its theories-
Management can describe as process of managing and controlling affairs of firms,
irrespective of its nature, size and type of venture. There are ranges of management concepts or
models are accessible in the business world. Few of them are mentioned below-
Principles of administrative management-
Henri Fayol has developed this theory which define top down method use to examine
venture (Prasad, 2020). It includes organize, direct, command, manage, coordinate, plan and then
forecast, all these approaches are useful in context of performance management.
Human relations theory-
According to this management theory, manager by changing workplace environment and
culture around workers can manage his or her performance which is really very essential to do.
Forms of organizational structure and their benefits & drawbacks-
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Types of organizational
structure
Advantages Disadvantages
Hierarchical It is most commonly utilized
structure of companies
(Badcock, Friston and
Ramstead, 2019). The best
thing about this form is that it
define chain of command
clearly and allow each worker
to know whom they report.
Lack of flexibility is its
drawback that affect
management practices and
worker’s performance in
negative manner.
Functional With this type of
organizational structure,
companies can organize its
venture according to
accountabilities and roles into
smaller sections, when it
chosen.
It could lead to poor
coordination and
communication across
functional areas.
Divisional The benefit of this structure is
that it keeps all management
functions of their own.
While its drawback is that all
business units can silo and be
unwilling to coordinate with
other departments.
Business functions
Defining business functions-
Venture functions are recognizing as activities carried out by a company, it could have
divided into support and core functions. Core function of business can define as acts of
organization yield income, production of quality products intends for target market (Typical
business organisation departments and functions, 2018). There are different forms of business
functions available and mention below.
Business functions Roles Responsibilities
Purchasing Role of this function is to buy Responsibility of this function
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or collect raw materials
according to buyers needs and
preferences, which production
team can use to manufacture
items.
is to choose the right item or
service for target market.
Accounting function It plays important role in
managing and operating
business as it assists manager
track income and assure
statutory compliance.
It is accountable for providing
financial data or info to top
authority and stakeholders of
company include creditors,
workers, investors etc.
Production Most important role of this
function is to manufacture
products and provide services
to consumers according to
needs.
It is responsible to produce
quality items, without making
any mistakes.
Marketing The role of marketing function
is to promote goods and
services at global level.
It is accountable for
developing the best and most
influencing promotions or
advertisements.
Research & development The most essential role of this
function is to successfully and
effectively maintain
competitiveness.
Employees of this department
is responsible to gather
important and useful data for
company relate to market
needs, emerging trends and
change in customers
preferences.
Roles and accountabilities of each venture function-
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2- Marketing functions
Marketing and its interrelation with other functions
Marketing department supports in growth and success of firms by working with other
departments or functions such as production, accounts, research & development etc (Hayoun,
2019). For instance, it must work with production team for excellent success of firm by
providing and sharing information relate to preferences of each buyer as it allow workers to
manufacture products according to what people like the most. Furthermore, it should work with
finance as form of business function as it helps to conduct marketing attempts under allotted
budget by accounts department which could assist in success of its brand.
3- Management functions
Henry Fayol’s five functions of management-
This theory defines key 5 functions of management which labelled as planning,
organizing, commanding, coordinating & controlling. Henry Fayol hypothesized that all these
functions are universal and that managers within any company were performed in his or her daily
work.
Accountabilities and roles of all five functions-
Planning-
Role of this function is to develop plan for further success of organization and
accountability is to analyse each and everything before taking any action or develop a plan.
Organizing-
Role of manager with this function is to organize everything according to develop plan. It
is accountable to organize things or plans in systematic manner.
Commanding-
Role of this function is to supervise workers in his or her daily work and motivate them
to achieve set goals as well as business objectives. Responsibility of this element is to command
and direct employees in influencing manner.
Coordinating-
Its role is to coordinate with each worker without making any mistake and in effective
manner. It is responsible for conducting coordinative and collaborative practices in ethical way.
Controlling-
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The most essential role of this act is to control activities of brand by developing plan and
strategy. Controlling function of management is responsible for observing and reporting
deviations from objectives.
Interrelation of management functions
Planning-
This management function is relating to organizing as it helps to manage progress and
success of organizations by managing everything according to decision.
Organizing-
Its relations with planning function boost productivity and performance of supermarket
even better.
4- HR and talent management
Human resource department is the group who is responsible for managing the employee
life cycle as well as the administrating employees benefits in effective manner. They have role to
hire the best candidate for the vacant post in order to manage complete work such as recruiting,
hiring, on-boarding, training and firing employees. They have responsibilities to maintain
employees records, providing effective career growth, update policies, hiring the right candidate
in effective manner. On the other side, talent management is a constant processes which
involves attracting as well as retaining high quality of employees (Alziari, 2017). For that talent
management within the organization management is help to develop skills of employees as well
as continuously motivating them for improving their performance in effective manner. This help
to company for achieving goals and objectives of company in effective manner. This have some
effective components like learning and motivating people when employees are highly motivated
for completing work then they are ready to give their hard contribution for achieve goals and
objectives in effective manner.
Organisational culture.
Organizational culture is the collection of values, expectations and practices which are
guide and inform the actions of all team members. That are thinks of it as the proper collection of
the traits which makes success for company in effective manner. here is select handy culture
model are as follows:
Power culture:
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In an organization with power culture, power is held by the just a few individual whose
influences spreads throughout the organization. There are few rules and regulations which are
help to understand the work culture in effective manner (Claus, 2019). The strong consequences
is create positive result of work. On the other side, weak consequence is people of Tesco not able
to understand rules in effective manner.
Role culture:
This culture is completely based on rules and regulations which are creates by the senior
authorities in effective manner. That are build on detailed structure. The strong consequence is
follow rules are create complete discipline at the workplace. But weak consequence is to
decision making is very painful in nature.
Task culture:
Task culture forms when teams in an organization are formed to address the specific
problems or the progress of project (Meyers and Dries, 2020). The strong consequence is work
complete on time proper task management.
Person culture:
In that people are seen themselves as superior to the organization. The strong
consequence when employer promote employee then outcomes are effective. But, not done that
by senior then employee de-motivated.
CONCLUSION
From the above study it had been concluded that the management and business structure
had been helped to complete work on time in effective manner. Marketing department had been
help to make positive relations with all other business functions. Management function had been
helped to complete work by making effective planning, organizing and controlling the subject.
HR and talent management had been important aspects for company in which company had been
able to achieve goals and business objectives in effective manner.
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REFERENCES
Books and journals
Alziari, L., 2017. A chief HR officer’s perspective on talent management. Journal of
Organizational Effectiveness: People and Performance.
Badcock, P.B., Friston, K.J. and Ramstead, M.J., 2019. The hierarchically mechanistic mind: A
free-energy formulation of the human psyche. Physics of life Reviews. 31. pp.104-121.
Claus, L., 2019. HR disruption—Time already to reinvent talent management. BRQ Business
Research Quarterly. 22(3). pp.207-215.
Hayoun, S., 2019. How fair value is both market-based and entity-specific: The irreducibility of
value constellations to market prices. Accounting, Organizations and Society. 73. pp.68-
82.
Joseph, J. and Gaba, V., 2020. Organizational structure, information processing, and decision-
making: A retrospective and road map for research. Academy of Management Annals.
14(1). pp.267-302.
Meyers, M. C. and Dries, N., 2020. HR managers’ talent philosophies: prevalence and
relationships with perceived talent management practices. The International Journal of
Human Resource Management. 31(4). pp.562-588.
Prasad, L.M., 2020. Principles and practice of management. Sultan Chand & Sons.
Online
Typical business organisation departments and functions. 2018. [Online]. Available Through: <
https://www.open.edu/openlearn/money-business/organisations-and-management-
accounting/content-section-4.1 >
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