Management is one of the most pivotal aspects of a business. Therefore, for a company to achieve its objectives, it must have competent managers and an efficient management structure. By definition, management refers to the process through which organizations realize their goals by working with people and utilizing available resources efficiently and effectively. Proficient managers are instrumental in ensuring businesses meet their aims.

There are five primary functions of management namely: planning, organizing, staffing, directing, and controlling. Planning involves determining beforehand what is to be done, how, where, and by whom. Organizing entails synchronizing human, physical, and financial resources to achieve the objectives set in planning. Staffing refers to searching the right person and assigning him the right job. Directing is concerned with leading, guiding, overseeing, and inspiring staff with the aim of achieving the organization’s goals. Controlling is defined as the process of ensuring that workers execute tasks in businesses according to the plans. Companies wishing to succeed must verify that their management programs meet the functions mentioned above.

Management is divided into three significant levels namely: top level, middle level, and low level. Also known as the administrative level, the top level management level consists of the board of directors and the managing director. Roles of a managing director include: offering guidance and direction, appointing the departmental managers, coordinating the operations of all the departments, and developing strategic plans for the business. Middle-level management consists of branch managers and departmental managers. The functions of these professionals include team building, nurturing talents, problem-solving, and management of performance. Managers in low-level management are mandated to supervise, motivate, guide and instruct, and coach workers. Proper coordination of activities among the three levels of management is vital for the overall success of a business.

Relevant knowledge and skills are prerequisites of a successful manager. Among the prominent skills that managers must possess are delegation skills, conflict resolution skills, communication skills, planning skills, and motivation skills. Managers with these skills assign duties to the most deserving employees, provide solutions to conflicts, enhance communication among personnel, know when a task should be performed and by who, and inspires employees. Businesses should invest in education for their managers if they wish to streamline management.

Decision making is among the roles of a manager in an organization. Business managers use a systematic approach to make significant organizational decisions. The method involves a couple of steps namely: identifying the problem, gathering appropriate information, identifying alternatives, assessing the other options, choosing the best solution from the options, executing the plan, and reviewing the decision. Making the right choices determines the profitability of a business.

There are many reasons why businesses fail. Irrespective of the causes of an organization’s nonsuccess, it is the role of a manager to recommend plans to revive it. Some of the strategies that would help in restoring a struggling business include: cutting costs, acquiring professional advice, sourcing some fund, creating a new marketing strategy, rebranding, and finding the right employees. If well executed, these tactics would bring dying businesses back to life.

Coca-Cola is a thriving multinational (MNC) company that has many departments. Each department has a manager who ensures that all the operations are executed correctly. For a financial manager working for Coca-Cola, his activities would involve performing data analysis and advising the top level managers on profit-maximizing ideas. The role of a production and operations manager would be supervising the production team as they manage production tasks and ensuring dishonest workers do not consume the raw materials such as caffeine and carbonated water. Coca-Cola’s personnel manager would be charged with the responsibility of hiring and firing workers. Managing Coca-Cola’s entire marketing activities would be the duty of a marketing manager. The job of the administrative manager at the MNC would be assessing staff performance, coordinating and managing all administrative processes and systems. In today’s computer era, a person working as an information technology manager at Coca-Cola would be assigned roles to manage fellow IT staff and computer systems. A foreman at the MNC would be given an obligation of supervising workers involved in the construction of structures such as stores. He would also act as a link between workers and general managers. Working as a manager at Coca-Cola would require commitment and experience, and applicants should be well-versed with the requirements of the specific positions.

In conclusion, for a business to achieve its goals, it must have skillful managers. Top level, middle level, and low level are the three levels of management. Decision-making process has seven steps. Business managers should provide ways of reviving struggling businesses, and different types of managers have different roles.

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