Question

Discuss in detail the functions of management and the management roles which are vital to organizational success. Provide examples and justification.

Answer 1

Management four major functions and role which are vital for organizational success  -
1) Panning - Panning is all about drafting the entire process of organizations to achieve the organizational objectives and in this COVID-19 pandemic organizations need revamping to the entire business process and come with suitable plans that effective in this pandemic. Companies are practicing work from and doing all the planning through the Webinar meet and video conferencing. Planning is vital for achieve the organization objectives and planning all about the roadmap of organization operations and success.
Elon musk vision of electric car how he planned a system and come with a name Tesla Inc and worked for innovations and achieving a vision for a cost-effective and advance technology electric car.
2) Organizing - Organizing function of management is referring to the systematic arrangement of all the processes to achieve the organizational set objectives and organizing involve with developing an organizational structure and allocating the resource to achieve the organizational objectives.
Tesla Inc founder worked hard and gather al the skills, experts, and highly motivated team together to achieve his vision of the electric car.
3) Leading - Leading is the third function of management that accomplished by communicating, motivating, inspiring, and encouraging employees towards to higher level of productivity. Designing, engineering, technology, cost, price, and every information communicated well to the team that created a world-class band.
4) Controlling- Controlling function of management is referring to control the entire implemented process and track the results or outcomes for better performance and achievements.
Tesla Inc how a market leader in the electric car market and company operating 3 factories in world different locations and selling cars beyond the expectations and reviewing battery and other customers issues and rectifying with possible solutions.