The Management Functions Of Malaysia - 1111 Words

Introduction: In an organization, a person who holds a management position is required to think strategically and conceptually in order to achieve the organizational goals. Management is not only comprises of telling people what to do or how to do, but to actually plan, then organize according to that plan, lead others to work towards the plan, and finally evaluate the effectiveness of the plan. These steps are the basic management functions that not only help to reach a common goal, but it also becomes the reason for the organizational success. The successful manager must actively perform basic managerial functions that is Planning, Organizing, Leading and Controlling. This reality based education paper explains the four management†¦show more content†¦She had explained the entire process of software development and four management functions performed by Business Analyst to manage the project. Moreover, Business Analyst work to set up the departmental goals that will help them to reach organizational goals. 1. Planning: The first management function is planning, in which manager creates an objective and design an action plan. The manager identifies several courses of action, and evaluates the best course of action for achieving the goal. He also prepares necessary steps and ensure effective execution of his plan. In Takaful Malaysia, the planning process involves the coordination between the User and Actuarial Manager. They go through the needs and requirements of the user. What are the necessary fields they want, what plan should show up and how many share percentages should be associated with each plan. Actuarial manager evaluates the business profit or loss margin. He also monitors that whether it is good to invest in the project or reject it. They involve Business Analyst in a meeting to make sure that every step of goal planning are in the favor of organization. They set the deadlines for the project, and create a final documentation called the Business Requirement. This process is called document requirement gathering, after which the business requirement is forwarded to other department for development process. 2. Organizing: The second function is organizing that involves developingShow MoreRelatedClassical Management Function1493 Words   |  6 Pagesâ€Å"In everyday language usage, management refers to the people in organizations who manage, and to the activities they perform.† (Fulop, Frith, Hayward 1992 p. 187) To be more specific, management is the process of organizing work activities with and through people to ensure the activities are completed efficiently and effectively (Robbins, Bergman, Stagg, Coulter 2006, p. 9). Through management, the goals of the organization or business are to be achieved. 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