A prototype is a preliminary model of something. Projects that offer physical products need to show backers documentation of a working prototype.
Today, the company is the leading food retailer with over 32, restaurant branches in more than countries. The management functions of the company ensure that all restaurants work towards achievement of common goals and objectives Lussier The reputation of the company is greatly associated with innovation and strong customer relationships, which are maintained by management functions.
The planning function is used to develop the company objectives, while the controlling function measures and monitors company resources. The organizing function assists in building a strong harmonious human resource and the leading function organizes all activities to achieve efficient and effective results.
The planning function ensures that the organization identifies and selects appropriate goals and measures for achieving the objectives.
The managers of the restaurants also benefit from this function by ensuring the resources available are effectively utilized towards the achievement of set goals.
Organizing involves the establishment of the organizational structure of the company. Under this function, emphasis is mainly on the division, coordination, and control of tasks and information within the organization.
Managers rely on this function to distribute or delegate authority to other employees.
Any successful organizational structure acknowledges that customers and employees are the most important assets in the organization. Organization of operations within the company promotes empowerment and delegation within the franchise, enhancing its competitive advantage.
Strategic plans and organizational structure have to be constantly monitored to ensure they assist the company to meet its goals. Evaluation also ensures enhanced performance because strategies and activities are frequently maintained and improved according to environmental changes DuBrin 9.
The line manager at each franchisee is in charge of ensuring employees work according to the set standards. In addition, the company believes in training its employees at Hamburger University, a strategy that ensures employees are aware of relevant benchmarks and ways to improve any shortcomings in their performance.
The control measures implemented by the company create and sustain a positive brand image, as they prevent incidences of fraud and ethical malpractices in any of the retail centers.
Leading is the fourth function in management, which also contributes to achievement of organizational goals. It entails the formation of a clear vision and an empowering organizational culture to ensure every stakeholder of the organization understands how their individual roles contribute towards the achievement of organizational objectives.
To improve coordination and motivation, the company encourages employees to work in groups and organizes events to facilitate interaction of employees in different centers, especially for those located in the same regions.
In addition, majority of accounting and marketing documents are stored online to facilitate evaluation and correction by company managers. The four principal functions of management including planning, coordinating, organizing, and leading can effectively assist an organization to select the right goals, maximize available resources, and achieve set goals.
This ensures that all franchisees are aware of the company goals and fully understand them. I also believe it is easier for the company to ensure employees maintain the same quality standards because organizing and controlling management functions focus on building an effective organizational culture in all franchises.Get the key knowledge you need to become a financial advisor with Franklin's IACBE-accredited Financial Planning degree program.
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