Management is one of the oldest professions. And while managers tend to view their job as either supervisory or task in perspective, this outlook is simply an illusion. From the most basic level, management is actually a complex discipline that consists of at least five basic functions: organizing, planning, staffing, leading and directing. These processes can be complex and time-consuming and many managers need help from their peers, co-workers and other professionals.
Managers also need to be skilled in planning, organizing and controlling, all while recognizing that no single function can meet all of these needs. But even if managers specialize in only one or two of these essential functions, they must still be adept at them. The process of management, therefore, consists of organizing and planning as well as leading, both in regards to actions taken in the scope of their responsibilities.
Organizing, planning and leading are three of the basic functions of management; although there are several other important functions that managers should know about. All managers need to know about human resources, for example. Human resources management is concerned with the employment and personnel practices related to recruiting, hiring, managing, and terminating employees. In addition, it also involves employee relations management, which deals with issues such as bullying, harassment, employment policies, diversity and equal opportunity for all employees.
One of the other basic functions of management is setting goals. Simply put, managers set goals that the firm will strive to achieve over a period of time. Most managers define goals as objectives that the firm must achieve over a period of time. Different firms will have different sets of goals, but the most common goal of most successful businesses is to make the most profit that they can over a period of time.
Since profit is the most basic principle of management, it follows that all managers share profit and loss prevention, succession planning and allocation. In fact, these are three of the most important functions of management. However, these functions are not the only functions of management. In order to make a profit, management must also set the framework by which the firm will function.
For instance, the general concept of managerial function is related to people and organizational structure. The extent to which managers and other people in an organizational setting are connected is what determines a firm’s level of organizational competence. After all, a business enterprise is made up of a group of people. The members of the firm, its managers and other people involved, all work together towards the accomplishment of the organization’s goals. The scope of management is therefore related to the scope of the organization and the activities carried out by its members.
As you can see, the scope of management includes a lot more than just the definition of the function of managers. On the other hand, scope management cannot be defined as a subset of the definition of managerial function. In fact, it must be considered a subset of the definition of management itself. The scope of management therefore involves not just the definition of the concepts and principles that managers use to manage the organization but also the analysis of how these principles and concepts interact and what the implications are for the processes and procedures that managers use to manage the organization. If managers are to properly understand the scope of management, they must be able to analyze and assess the scope of the various aspects of the organization and how they interrelate.
Finally, we note that the scope of management encompasses all the four functions of management. The four functions of management are: financial management, internal controls, information systems, and human resources management. The scope of human resources management, for instance, involves the recruitment, training and evaluation of the personnel that make up the firm’s human resources management system. The analysis of these four functions, therefore, provides insight into what human resources management is and how the firm can best use its human resources to optimize its use of the tools, processes, and strategies that are required in its ability to produce and maintain high levels of productivity and profitability. The study of the scope of management thus provides managers with the opportunity to appreciate the full breadth of its definition and the scope of management itself.