Functions of Management

Paper Summary:

Drawing on the professional maturity and responsibilities of managers, the four functions of management that is planning, organizing, leading and controlling are first, defined in this paper. Second, the writer discusses that facts show how each function relates to the Lockheed Martin (LM) Corporation. The writer notes that delineating how the facts about management apply to Lockheed Martin Corporation merits a post-detailed observation. The writer points out that the characteristics and dynamics of management defend the debut of a good manager who performs with excellence, exemplifying professional development channels for his or her employer, and mentoring future leaders. The writer maintains that there must be a plan that will organize resources under leadership that could proactively, control day-to-day operations.

From the Paper:

"Planning includes devising and maintaining a workable scheme to ensure that job tasks meet company goals and requirements. Managers plan by developing and using business processes to carry out projects according to the specified knowledge area. Lockheed management makes careful selections of resource requirements considering time restraints and budgets. The corporation builds strategies with entity relations to provide room for future expansions and improvement. Planning ensures earned value management and is a dynamic process used throughout LM meriting strategic value in organizing business operations.
"A work environment that applies Capability Maturity Model Integration in consideration of skills, interests, and talents is sensitive to organizing."

Sample of Sources Used:

• Bateman, T. S., & Snell, S. A. (2007). Management: Leading and Collaborating in a Competitive World (7th ed.). New York: The McGraw-Hill Companies, Inc.
• Griffin, R. W., & Ebert, R. J. (2002). Business (6th ed.). Upper Saddle River, NJ: Prentice Hall, Incorporated.
• Lockheed Martin Corporation (2007). Ethics Tools for Leaders Training. Retrieved November 9, 2007, from http://www.lockheedmartin.com/aboutus/ethics/etfsl.html
• Lockheed Martin Corporation (2007). Management Systems. Retrieved November 12, 2007, from http://www.lockheedmartin.com/aboutus/energy_environment/management_systems.html
• Lockheed Martin Corporation (2007). Professional Development. Retrieved November 12, 2007, from http://www.lockheedmartin.com/aboutus/diversity/development.html

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