March 20, 2017

A to Z of Top Management Activities, Functions and Challenges - A to Z Blogging 2017 Challenge Theme

Top Management Activities, Functions and Challenges

A distinction between leadership, the leader, and the work of leading. Leadership is the principal dynamic force in organization that stimulates, motivates, and coordinates the organization in the accomplishment of its objectives. A leader is one who accepts responsibility for the success-
ful achievement of the organization's objectives, and is able to get the support of its members in the accomplishment of these objectives. The work of leading is management. It must be done in a
manner that is satisfactory to the group that is being led. Otherwise, the leader will not have its voluntary support.

Every executive should be a leader. The term executive includes, therefore, every employee whose principal responsibility has to do with directing and supervising the work of others. It includes, accordingly, all executive employees from and including the president to the lowest supervisor

Business objectives have been defined as values that the business organization is required or expected to acquire, create, preserve, or distribute. Values can be created only by work. The utility of an 
economic good or service is its ability to provide the customer or the organization with certain values that are needed or desired.  Its principal attributes are those of time, place, form, and possession. 
The creation of customer utilities makes possible the satisfactory accomplishment of the organization's primary service objectives.

Business functions may be classified broadly as managerial and operative. Management is the function of executive leadership.

Managerial functions involve the work of planning, organizing, resourcing, executing and controlling. My posts will describe the activities involved in these functions in A to Z sequence.

The accomplishment of the organization's economic mission requires the provision of various physical factors in performance. What they are depends on the requirements for the effective, economical performance of the particular business functions. The characteristics of the factors that are available may modify the method of performing them, however. They include such items as land, 
buildings, machinery, tools, materials, money, and any other physical implementation of these functions. They are capital items, either current or fixed.

Index for the posts

A to Z: 2017 Blogging Challenge - Top Management Challenge Areas

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