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Posted on June 14th, 2012, by

Management and leadership are two important factors, which make a great contribution to the success of any organization. Good management can create a successful and profitable organizations but it will not survive without good leaders and vice versa. Times may change, but managerial practices will always separate effective from ineffective organizations (Bateman, 2004, p. 178).

Successful management is own based on the successful corporate culture and values. The company should start with culture and values. Some companies do not pay so much attention to creating some corporate culture and a set of values supporting their employees. The culture, we are talking now about, is usually presented through the behavior of the management of the company and through organization. If somebody wanted to check these issues by some company he would have to find the answer for such simple questions as for example: what are the notions about the best worker at this company, whether working a lot of additional hours and never taking the vacation means to work well, whether the main managers of the company themselves can find their balance between work and family, whether the workers are made to work with unreasonable deadlines and so on. For this small research the employees of all levels should be invited.

Henry Fayol, a successful businessman of the last century, developed a new model of management which includes four functions. These functions are: planning, organizing, leading and controlling. These functions should be used by managers and their staff in order to achieve a better understanding of the roles of people inside the organization. Planning, the first function of management is very important for the organization. This function is performed during the first stage of the management process. All further stages of the work of the manager depend on the successful performance on the first stage. Short term and long term planning should be taken into account by the managers.

Organizing is the next function of the management. On the second stage managers should perform actions in order to start realizing their plans. During this stage the managers should pass the task and resources to workers, who should work on it. During this stage manager is also responsible for the monitoring of the way his task is accomplished.

Leading, which is the next function of the management, assumes the ability of the manager to organize people and help them to achieve goals appointed by the manager. The ideal manager shall be able to hook up all future teams to work towards to the same goal, also be able to monitor and guide all functional team in execution on the work (Burns. 46).

Controlling is the last important function of the management. It is a function of the manager to control how his or her tasks are realized.  It is evident that all four functions are successfully performed by the managers of Target Corporation.

Successful management assumes working together with other people and using resource in order to achieve organizational goals. Four functions of management perfectly serve to this purpose. As we can see leadership is one of the four functions of management and that is why it is hard to overestimate the role of good leadership for the successful performance of the organization. At the same time it is necessary to keep in mind that good leadership qualities are not enough to become a successful manager. Good manager should possess special knowledge on his field. Only performing successfully all four function mentioned above good managers can guarantee a successful functioning of an organization. In every management system, with different roles and functions, makes every managerial role uniquely different. The continuously changing world that we exist in today requires managers to concentrate on the business running at its peak level. Running on the four functions of management will enable a business to run efficiently (Bateman 115).

Newest approaches to leadership underline the importance of personal involvement of both leaders and those, who follow them in the things they do together. Leaders and managers can perform successfully only if they can become an example of moral behavior and deep spiritual work for all people who follow them. True leaders not only influence the minds of people and control their behavior, but also bring sense to the lives of people and help them to discover deeper understanding of themselves. Sharma believes that leaders should take responsibilities for the people they lead. Mistakes of the leaders may have very serious consequences as they influence not only an organization as a whole, but also each separate individual. Respect to senior directors of the company and use of their experience illustrates that the Board of Target Corporation uses strong and experience leaders in order to reach success.

To sum up, a successful management is not just a well planned activity of the organization or the company, it also presumes professional but at the same time friendly relations with the employees. It goes without saying that successful management guarantees successful work of the organization.

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