Key Functions of Management Applied in Tesla (Essay Sample)

Management entails bringing people together and guiding them to achieve the desired goals by using available resources effectively and efficiently. Primarily, management serves four key functions in a business. That is, planning, controlling, leading, and organizing. However, the functions interact with each other in the course of business activities. To understand one particular function of management in business, the essay has been written to discuss planning inTesla company. The essay also discusses the interaction between planning and other management functions, how its absence would impact Tesla Company and factors that made me rank planning's importance above other functions.
Selected Primary Function
As mentioned above, the selected primary function of management is planning and it's a complex activity that requires high-level analysis and studies (Conkright, 2019). The planning function is based on a theory of thinking before acting and it is an integral part of business operation. Planning entails deciding when and how to attempt a certain task before beginning the work (Mintzberg, 2018). Tesla company plans business activities in various forms, that is, operational, strategically, tactically, formally and informally, corporative and proactive. In operational form, Tesla Company formulates short-term objectives through lower-level management. The daily operations of the company are specific and detailed. However, the management relies heavily on past experiences to cover functional aspects like production and human resources. In strategic form, the top-level management formulates a plan which is utilized by the company in a long term like 5 or more years. Strategic planning encourages the company to determine strengths and weaknesses and the mission to implement the system. In planning, Tesla company analyses business context sets objectives, establishes promises, determines available alternatives to select the best alternative or alternatives, and formulates a derivative plan. Furthermore, the company budget the formulation of business activities implements the plan and follows up the activities consistently. Under planning function, Tesla Company has complete knowledge of both single and standing plans. However, this scenario implies that the company connects the plan with special issues and solves them. Similarly, the company formulates the plans consistently to guide managers in solving various problems facing the company.