Four Functions of Management

             Management is a significant responsibility that has four functions that if utilized properly, can ensure success as a manager. Planning, organization, leadership, and control are crucial for the day to day operations of any business. Management is responsible for implementing these steps in a successful manner. Without planning, organization, leadership, and control, management is nothing more than a four-letter word that people dread.
             Planning is a crucial part of a retail manager's position. Several hours before opening a store, a manager must plan the day. Planning consists of job tasking and goal setting. A simple day starts out with an agenda for each employee to follow such as job tasks and sales goals that need to be met for that particular day. Assigning chores and calculating sales goals is extremely important, as it allows each employee to know exactly what is expected. As frequent changes occur throughout the retail world, keeping up with these changes can be rather difficult without a plan. New sales events must be set up and old ones are taken down. In order to avoid any confusion, the manager enters all plans into the Daily Operations Manual (DOM). Each employee reads the DOM upon clocking in and must sign to acknowledge the plan for the day. Without the DOM, employees would not know what the plan is for the day such as new sales or ending sales events. This can lead to loss of revenue, which is never a good idea for a retail manager.
             Organization, another crucial function of management is extremely important to the retail world. Organization is vital to the survival of a retail manager. Lack of organization can lead to decreased sales, low multiple sales, high shrink levels (theft or damages) and poor audits. One particular section for the organization is visual presentation. Visual presentation determines how the customer views the store. If a store is not properly cleaned and the goods are not presented in a man...

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Four Functions of Management. (1969, December 31). In MegaEssays.com. Retrieved 04:36, March 29, 2024, from https://www.megaessays.com/viewpaper/21030.html