Functions of Management

Functions of concern Rachel Sturdevant University of Phoenix MGT 330 Management Theory, Practice and Applications February 7, 2011 Functions of Management Wal-Mart is i of the large global sell stores. Several factors determined the Walton family conquest; the most important one is their effective and efficient management. Effective management refers to the ability to bring home the bacon established organizational goals; efficient management refers to the ability to progress to the goals by minimizing the waste of resources (Bateman & Snell, 2009). Wal-Mart must produce products that suit local consumer interests as well as cultural values, and traditions in two the United States as well as different countries. (Jandt, 2007). For instance, in all of the Wal-Mart stores in the United States, Wal-Mart offers all product descriptions in both English and Spanish because of the rise in Spanish speaking consumers in the United States. Another factor that increases the success of Wal-Mart is that Wal-Mart offers products that interest the people in that state. For instance, if a consumer lives in the Midwest, they exit be able to find winter apparel whereas in California it would be more difficult because there is slight demand for those types of products.

Wal-Marts management made sure that the connection adapted to the different environments without jeopardizing the companys success. This look into paper will define management and the four functions of management (planning, organizing, leading, and controlling). Further, the research paper will discuss how each function relates to the retail company I currently work for. Management, Planning, Organizing, Leading, Controlling: Definitions Management is a process that utilizes human and financial resources in allege to achieve established goals. Bateman & Snell stated that management is the process of on the job(p) with people and resources to accomplish organizational goals (Bateman & Snell, 2009, p.19).... If you want to get a full essay, order it on our website: Orderessay

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