Question

In: Finance

The Five Management Functions as a Coordinated System. Of the five management functions, which do you...

The Five Management Functions as a Coordinated System. Of the five management functions, which do you expect will experience the most dramatic changes in the next decade? Defend your answer. Which will have the least amount of change? Explain your answer.

Solutions

Expert Solution

Five management functions as a coordinated system are planning,organising, staffing, leading and controlling.

I expect that out of these Five management functions, the most dramatic change will be experienced by Staffing, because there is a complete change in the dimension of overall business in the next coming years due to this pandemic which is unfolding in the global economy right now.

The business will not be conducted into a physical manner and they will have to switch to a digital mode so these businesses will be cutting onto their staffs and there would be an adequate amount of right people at the right place who have the potential to do the work so there should not be any additional workforce in the coming decade, and the right amount of staffing is very important in order to survive and sustain in the long run as it will help in cost cutting and effective optimisation of resources to maximize the organisational value.

The least amount of changes would be faced by controlling as there would be more transparency in the system because businesses will go online and there would be more electronic transfers and assessment of performance would be more transparent because of businesses going digital and doing more businesses in non physical manner.


Related Solutions

WHICH HUMAN RESOURCE MANAGEMENT FUNCTION/FUNCTIONS DO YOU CONSIDER WILL AFFECT YOU IN THE NEAR FUTURE AND...
WHICH HUMAN RESOURCE MANAGEMENT FUNCTION/FUNCTIONS DO YOU CONSIDER WILL AFFECT YOU IN THE NEAR FUTURE AND LATE FUTURE? PLEASE ANSWER THE QUESTON BASED ON THE CAREER STAGES? HINT: PLEASE CREATE A TABLE TO ANSWER THE QUESTION. THE CAREER STAGES AND HR FUNCTIONS CAN BE EITHER ROW OR COLUMN BASED ON YOUR IDEA GENERATION.
Describe the pros and cons of five Management Development methods. Which one do you feel is...
Describe the pros and cons of five Management Development methods. Which one do you feel is the most effective? Refer to Chapter 8 pages 231-271 Question on page 264. Human Resource Management 15th Edition, Gary Dessler
answer this question after reading the below post Which of these five management styles do you...
answer this question after reading the below post Which of these five management styles do you prefer when dealing with conflict and why? Recognizing that conflict and conflict resolution will be a skillset that every manager should be prepared for, having a variety of conflict management techniques that are appropriate for a given scenario will always be advantageous; however many conflict management specialists will develop their own preferences of style based upon experience. Here are the five conflict management styles...
Which functions do primary and secondary markets perform in the financial system?
Which functions do primary and secondary markets perform in the financial system?
Which human resource management function/functions do you consider will affect you in the near future and late future?
Which human resource management function/functions do you consider will affect you in the near future and late future? Please answer the queston based on the career stages? hint: please create a table to answer the question. The career stages and hr functions can be either row or column based on your idea generation.
What are the levels or layers of the Coordinated Management of Meaning ?
What are the levels or layers of the Coordinated Management of Meaning ?
6. How, are the four functions of management, related to the five skills of management? Use...
6. How, are the four functions of management, related to the five skills of management? Use examples to clarify your answer.
What are the four key functions of management? And what role do these functions play in...
What are the four key functions of management? And what role do these functions play in a firm's profitability,sustainance and success?
Identify the five basic functions of management and describe each function with an emphasis on their...
Identify the five basic functions of management and describe each function with an emphasis on their relevance in formulating strategies.
What are the five (5) functions of the respiratory system and each of their description? What's...
What are the five (5) functions of the respiratory system and each of their description? What's the structure and function of the respiratory membrane and its explanation? What are the three ways that carbon dioxide is transported in the blood?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT