Project 4
Project 4
Project 4: Case Study –
The case below illustrates the importance of the four functions of management. Many young entrepreneurs with dreams of starting their own businesses believe that managing a business is simple.
Project 4: Case Study –
The case below illustrates the importance of the four functions of management. Many young entrepreneurs with dreams of starting their own businesses believe that managing a business is simple. This case shows what can happen when a new owner does not pay adequate attention to important components of management and
fails to develop or share a mission statement
fails to determine the best way to organize resources, including personnel
underestimates the importance of recruitment, job design and descriptions, and training
assumes that motivation will occur naturally
fails to define standards and other measurable outcomes
ignores negative information
delays actions to improve organizational outcomes
Instructions:
You will act as a management consultant to Amanda Smith and present a series of recommendations to her in response to the concerns identified above and at least two other concerns based on what you observe in the case presented below.
You are required to show what you have learned in the course and educate Amanda as to the importance of the four functions of management, and therefore should include each of the four functions in your paper.
Recommendations to Amanda on how to improve the management of her small business should be succinct but should still persuade Amanda that the recommendations will have positive outcomes for her company.
Students are expected to show what they learned in the course by applying theories and concepts as support to the recommendations.
Your paper should include a summarization of the control function and describe how it fits intofits into the planning, organizing, and leading functions. Part of the summarization should include a discussion of the importance of accurate and timely information and the link between planning and controlling.
Format:
Your paper should be in the form of a letter addressed to Amanda. It should be between four and six pages, double-spaced…
Attachments:
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