This paper looks at four dominant functions of management and explains them by applying them to the operations of the Exxon Corporation.
Written in 2009; 1,110 words; 3 sources; APA; $ 38.95
Paper Summary:
In this article, the writer looks at four essential functions of management that are are planning, organizing, leading and controlling and then applies them to the operations of Exxon Corporation in order to better explain each one. The writer maintains that these functions are critical for the efficient and orderly functioning of any organization, and are even more critical in a high process-centric business model that oil and gas companies such as Exxon rely on for attaining their strategic objectives. The writer concludes that the attainment of objectives within Exxon is more tied to the development of the phases of planning, organizing, leading and controlling versus any other set of macro-processes and that these concepts are critical for the successful functioning of any oil and gas company or organization.
Outline:
Executive Summary
Planning
Organizing
Leading
Controlling
Summary
From the Paper:
"The organizing function within Exxon concentrates on both the hierarchical and structural definition of roles, responsibilities and processes that enable the many departments the organization is comprised of to attain their shared objectives. By definition the organizing function of management focuses on the structuring of both processes and working relationships to attain shared objectives and goals. The challenge Exxon and many organizations that compete in their industry have is in creating the optimal balance between structure, hierarchy and control relative to the need for agility and an organizational structure that allows for more effective use of resources to capture opportunities and growth. Organizing the many processes and functions within an organization needs to also contribute to the best possible organizational culture to ensure that objectives are attained as well. Of all functional areas of management within an oil and gas company or organization, the control aspect has to provide enough structure yet be agile enough to allow departments to work with one another toward a common objective or goal."
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