4 Steps of Management
Management is a problem solving technique to obtain set goals and objectives. The four basic management concepts, planning, organization, leading and controlling allow management to reach these goals effectively and efficiently when applied properly. The first technique is planning. A good manager will have a good plan in place to accomplish the goal and objective. Without a plan the project will never succeed. A goal has to be set along with the best way to obtain it. Resources have to be identified and made available. A manager needs to compare each team member properly to the individual in the where they are best suited. Timelines and milestones have to be set. During this process management needs to plan for what problems may arise, how to limit, overcome them and not be afraid to update it when needed. I use this in my company every time I take a new project on. I will review the package and determine the best route to obtain financing for the company or individual. The goal remains the same, fund the project or residential loan within proper guidelines that is beneficial to the borrowing party. I will look for more than one financing option due to obstacles that may arise during the time of underwriting. Organization is a key factor. This is the point where the plan starts to come to life. This is where managers make sure everything is in place to execute the plan and make sure all team members involved understand their role and how it contributes to the success of the project. During this step a manager will delegate authority, empowering the employee to act on their behalf. The manager is accountable for the final result. This occurs when the employee has gained the trust of the manager. Communication is a large part of organization. Good communication will have a clear purpose and objective. Communication helps motivate, transfer information, educate and solve conflict. Organization is a huge part of my
References: Mcnamara Carter, (1997-2008). Skills and practices in organizational management. Free Management Library. Retrieved June 8, 2008, from http://www.managementhelp.org/mgmnt/skills.htm Reh John F., (2008). Management 101. About.com. Retrieved June 9, 2008, from http://management.about.com/cs/generalmanagement/a/Management101.htm