Essential Managerial Tasks

Abstract

Companies and organizations have to use their resources in the best way in order to provide their customers with good service and products, and attain the company’s goals. The managers of the company can use resources such as skilled employees and people, computer and technology, finance and customers. In order to use these resources and achieve the company goals, the management of the organizations can help by performing four essential managerial tasks: Planning, Organizing, Leading and Controlling.

Planning is the task where the company goals are set, while setting a strategy and game plan for achieving the company goals. Organizing is to define the structure of the organization and allocating resources. Leading is to motivate and coordinate people and groups in order to achieve the company goals. Controlling means to evaluate how well the company is doing in order to reach the company goals.

All managers have to perform these tasks, which can be used as guidelines for achieving the company goals and solving potential problems. How efficient and effective the company is can be determined by how well the managers handle the four tasks. The efficiency of a company describes how well the managers use their resources while the effectiveness defines setting the right goals and achieving the goals.