A review of the basic principles and functions of management.
Written in 2008; 1,136 words; 3 sources; APA; $ 39.95
Paper Summary:
The paper discusses the four dominant functions of management which are planning, organizing, leading and controlling, and in the context of this paper they are applied to the operations of an oil/gas company or organization. The paper notes that these four essential functions of management are critical for the efficient and orderly functioning of any organization, and are even the more critical in a high process-centric business model that oil and gas companies rely on for attaining their strategic objectives.
Outline:
Executive Summary
Planning
Organizing
Leading
Controlling
Summary
From the Paper:
"For many organizations that compete in the oil and gas industries, their ability to turn supply chain processes into a competitive advantage is their most differentiated competitive advantage. The use of the Supply Chain Operations Reference (SCOR) model in the context of planning within many industries including oil and gas is an analytical construct that provides insights into how these series of processes tie into strategic planning (Razmi, Jolai, Hezarkhani, 2008). The development of strategic and tactical plans in many oil and pass companies is also built on the development of innovative new approaches to the exploration, mining or extraction, processing and selling of oil and gas-related products through distribution channels. The role of innovation in the context of the planning process is also critical for the development of long-term differentiation as well. "
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