Organizing is a major function in any management setting. The function of organizing in management defines each category or position or in each department. To establishing internal organizational structure of a company, organization has to be established as soon as possible.The significance of management organizing is a very valuable tool for the success of many companies. Businesses place a huge importance on quality and performance improvement efforts. A major function of organizing is establishing structure and implementing a set of tasks as well as the functions needed to accomplish the tasks. The organizational structure helps to ensure that employees know what is expected of them, w ...view middle of the document...
Monetary management is very important to the company because it brings in large amounts of money and every bit of that money has to be accounted for in order for everybody on contracts to get what each associate's percentage is. To keep the money well-organized and balanced, management logs how much money is made on a daily basis and breaks it down into how each transaction was paid for. All checks and credit cards are automatically deposited into the company's account. Then they go and subtract all from the day's total. At all times managers should make sure the company has 1 thousand dollars in cash secured, the rest of the money is deposited. Every day the account is reviewed by managers to make sure it's balanced.Another key factor for a company is the human resources department. All associates have to follow certain organizational structure, which helps in our decision-making. Going by the organization structures, the company is able to be divided, grouped, and coordinated by tasks that have different departments. The company can't be run by only computers; it needs employees to operate it. In order to control a functional company, management must be very organized and aware when it involves human resources. "New managers and supervisors - especially supervisors - are almost overwhelmed with the demands of the job. They were probably promoted to be in charge of people, mostly because of their success in a previous role that was focused on developing a particular product or service." (Basics of Time and Stress Management, 2007) Managers have to pay attention to people on commission or the full time employees who are on payroll hours, such as making sure all associates are getting the right amount of hours and percentages. If one of the managers gives an employee more than the assigned commission, or pays to many hours to an employee who is under the age, then they are responsible for the penalties. Managers have to be 100% in control and pay more attention as a result no mistakes will be made or found. Managers also have to make sure they don't go over the allotted hours because it results in the company losing money.The technology used is how the company is operated, for example: computers, fax machines, emails, and video conference. The computers keep records of all clients and associate percentage rates and hours labored. Computers notify management about the upcoming events and meeting, which they can prepare for, how many associates are going to attend and if they have guests. Computers also help to communicate with client by sending emails, or the associates can relay company website information to help clients register online and complete transaction. Fax machines are used several times a day to either send clie...
