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Functions of Management
MGT330
1
Functions of Management
STUDENT
University of Phoenix
MGT 330 Management Theory, Practice and Application
INSTRUCTOR
DATE

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Functions of Management
MGT330
2
Functions of Management
McDonald’s is the leader in global foodservice retail with more than 30,000 locations
which serve approximately 52 million people in more than 100 countries each day (McDonald’s
USA, 2008). Several factors determined the McDonald brothers’ success; the most important one
is their effective and efficient management. Effective management refers to the ability to achieve
established organizational goals; efficient management refers to the ability to achieve the goals
by minimizing the waste of resources (Bateman & Snell, 2009). McDonald’s had to suit the local
taste, cultural values, and traditions of the different countries where McDonald’s stores were
opened without weakening its appeal as an American icon (Jandt, 2007).
For instance, in India, McDonald’s does not provide beef patties as 80% of the Hindu
population does not eat meat; in Jerusalem, McDonald’s has kosher and non-kosher restaurants.
Kosher restaurant do not have cheeseburgers or milkshake as Jewish law forbids the eating of
milk and meat products together. McDonald’s management made sure that the company adapted
to the different environments without jeopardizing the company’s success. This research paper
will define management and the four functions of management (planning, organizing, leading,
and controlling). Further, the research paper will discuss how each function relates to the real
estate company I currently work for.
Management, Planning, Organizing, Leading, Controlling: Definitions
Management is a process that utilizes human and financial resources in order to achieve
established goals. Bateman & Snell stated that management is “the process of working with
people and resources to accomplish organizational goals” (Bateman & Snell, 2009, p.19).
Managers are considered the first level of management in a company's organization. Managers

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Functions of Management1Functions of ManagementSTUDENTUniversity of PhoenixMGT 330 Management Theory, Practice and ApplicationINSTRUCTORDATEMGT330Functions of Management2Functions of ManagementMcDonalds is the leader in global foodservice retail with more than 30,000 locationswhich serve approximately 52 million people in more than 100 countries each day (McDonaldsUSA, 2008). Several factors determined the McDonald brothers success; the most important oneis their effective and efficient management. Effective management refers to the ability to achieveestablished organizational goals; efficient management refers to the ability to achieve the goalsby minimizing the waste of resources (Bateman & Snell, 2009). McDonalds had to suit the localtaste, cultural values, and traditions of the different countries where McDonalds stores wereopened without weakening its appeal as an American icon (Jandt, 2007).For instance, in India, McDonalds does not provide beef patties as 80% of the Hindupopulation does not eat meat; in Jerusalem, McDonalds has kosher and non-kosher restaurants.Kosher restaurant do not have cheeseburgers or milkshake as Jewish law forbids the eating ofmilk and meat products together. McDonalds management made sure that the company adaptedto the different environments without jeopardizing the companys success. This research paperwill define management and the four functions of management (planning, organizing, l ...
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