MANAGEMENT REPORT

Management Report



Table of Contents

Executive summary3

Introduction3

Planning Function5

Controlling Function8

Conclusion10

Recommendations11

Management Report

Executive summary

This paper will introduce the four functions of management and how they are both independent and dependent at the same time. The paper will also show how each function relates to SunTrust Mortgage. In the business world today, the top executives not only adapt to changing conditions but also apply fanatically, strictly, consistently, and with discipline the fundamental management principles. These four functions are planning, organization, direction and control. The four functions of management are a crucial part of the fundamentals of management. Each function is an important step to a successful organization. Without each function, the organization could suffer and the performance of the organization will not be optimal.

Introduction

When we say that a particular company functions, we mean that the people at the plant perform certain actions. Most people plan their activities for the day (month, year, etc.), and then organize the resources needed to implement this plan. As we move forward, we compare what they did, the goals and objectives that have set themselves earlier. This affects the daily work of a number of management functions, i.e., management should be viewed as a cyclical process consisting of specific types of administrative operations, which are called control functions. Management functions - is a particular form of management, which is performed by special techniques and methods, as well as the appropriate organization of work. Thus, one of the major components that make up the content management functions are. Consequently, for some relatively straightforward work to determine in advance what you need to get in the end, how to organize it, motivate and supervise its implementation. And this is the control function. Although time management techniques and improved, the basic management functions still remain relatively unchanged (Almashaqba, 2010).

Management functions are specific, specific content and can be implemented independently. They may be inextricably linked, and are not linked. Most often, they seem to interpenetrate each other. For example, information collected through the implementation of a monitoring function, "says" managers about how their plans (the planning function). At the same time, control must be properly motivated and organized (a function of motivation and organization). In other words, in the management of all administrative functions are combined into a single integrated process. If the manager wants to ensure "cloudless" the future of your company (organization), it must continually perform all administrative functions (Almashaqba, 2010).

And it all begins with planning, that are identified in the second paragraph of the course work. If the work is planned, it should be organized, about as referred to in the third paragraph. Quality of work is largely dependent on the inducements offered by the manager function of motivation is seen in the fourth paragraph. Thus, management functions can be represented as the kinds of administrative work associated with exposure to a managed object. There are several approaches to the classification of management functions. For the tourism industry is most important to consider the planning, organization, motivation and ...