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weekly summary_week1_mgt330

weekly summary_week1_mgt330 - keep track of employees’...

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In the past seven days, the course focused on the concept of management and its four functions. Management is a process that utilizes human and financial resources in order to achieve established goals. Companies’ success depends on how effective and efficient their management is. Effective management refers to the ability of achieving established organizational goals; efficient management refers to the ability of achieving the goals by minimizing the waste of resources (Bateman & Snell, 2009). Management includes planning, organizing, leading, and controlling. Planning is directed towards setting up goals and deciding in advance what actions should be taken in order to achieve the established organizational goals. Organizing is directed towards assigning the work among employees and making arrangements to ensure the work will be completed smoothly (Robbins, 2005). Leading is directed towards supporting and motivating employees to the point that their performances will be higher. Controlling is directed towards
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Unformatted text preview: keep track of employees’ performances and to make necessary changes to improve their performances. As a regional property supervisor for California Commercial Investment, I practice the four functions of management daily. Indeed, I develop action plans which address and prioritize objectives, as well as provide information on how they will be achieved. Further, I organize the new buildings which have been recently purchased. I hire and train new employees, create job descriptions, implement company policies and procedures, and set goals. Finally, I lead and control my work units through weekly calls with property managers as most of them reside in other states. References: Bateman, T.S. and Snell S. (2009). Management: leading and collaborating in the competitive world (8th ed.). New York, NY: McGraw-Hill/Irwin Robbins, S.P. (2005). Organizational behavior (11th ed.). Upper Saddle River, NJ: Pearson Education...
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