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Management 12 Pages

Management

Question
  1. What is management?
  2. What is an upside-down pyramid? How is an organization traditionally structured? What is the difference between the regular and upside-down pyramid?
  3. What are the four functions of management?
  4. What are the historical management theories?
  5. Discuss about ethics in business and the corporate social responsibility.
Solution

Title: Management
Length: 12 pages (2603 Words)
Style: MLA

Preview

What is management?

Management is the process of planning, organization, staffing, directing, leading, and controlling an enterprise or organization to accomplish a set target or goal. It entails the deployment and manipulation of financial resources, human resources, natural resources and technological resources for corporate development.

What is an upside-down pyramid? How is an organization traditionally structured? What is the difference between the regular and upside-down pyramid?

The upside down pyramid is the opposite of the traditional organizational model. In that case, the employees who are closest to the customers are placed at the top when it comes to making some decisions while managers are placed at the bottom. Employees are also empowered with freedom of action while the manager becomes the facilitator spearheading the team activities and efforts (Newton 4). The inverted pyramid makes organizational functions faster as compared to the traditional structure in which all decisions were made by the top management. The major difference between the upside down pyramid and the regular organizational structure is that; unlike the regular structure, the upside down pyramid is more inclusive and allows flexibility and freedom of employees in decision making. Management in the upside model is a responsibility for everyone while the functions are only left for the top management in the regular model (Newton 12).

What are the four functions of management?

The four functions of management include planning, leading, organizing, and controlling. Planning entails making decisions to facilitate the attainment of the business goals and appropriate methods for their attainment. Organizing entails determination of best allocation of resources and people. The leading or directing function entails instructing, motivating, and supervision of workers assigned various duties while thee control function entails analyzing metrics in business activities to facilitate

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