The functions of management in the competitive world

The functions of management in the competitive world

Businesses require proper planning for the future. Proper planning thus requires that the company should be responsive to the needs it has currently and effectively plan for the coming times. In doing all these people at the top level of management are required to critically analyze issues and thus come up with a decision that can be favorable for the company. As such this is the basic concept that defines management. There are four essential functions that a manager should focus on doing. These are decision making, organizing, staffing planning, controlling and direction. With the competition being high in the business world of this era the management of a firm should be strategic in executing its functions.

Article summary

There seems to be so much competition and transformation in the workplace, and it is time for companies to rethink on their approach to work. With the emergence of advanced technology within such as automation within the workforce the author seeks to advise companies to reconsider their strategies to employ. One of the things that emerge here is that business should not look at robotics and automation not as a way to reskills and replace workers but rather as a way to provide room for employees to engage in other things that can give value for the company. The firms of this age need to come up with t new concept and way of defining work. The author argues that determining work in a new approach is not just a nice to have it thing, but rather it is imperative for a business that needs to remain competitive in the 21ste century. With the current automation of the labor industry, there is a room created that frees up capacity. Therefore firms should take advantage of the opening and advance their staff to provide more value for the business.

Critical thinking

 
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