Discuss Fayol's four functions in relation to an Australian Essay

Discuss Fayols four functions in resemblance to an Australian organization that you be familiar with. Provide an analysis of ho - Essay ExampleThe principles utilize by the management intromit division of work, and authority in the organisation2. Division of work is the specialization that increases the production of each individual employee. Authority enables the management to give orders to the subordinates. Unity of command and unity of function atomic number 18 also essential in the management functions. Remuneration principle asserts that employees should receive fair wages, with stability of land tenure in their employment contract. another(prenominal) principles of management outlined by Fayol include the scalar chain whereby the intercourse flows from the top management to the subordinates and order principle that asserts that all people and materials should be at the appropriate devote in the right time3. gibely, the team spirit and imitativeness of employees is c ritical in promoting creativity in work4. Planning According to Fayol, one of the core functions of management is planning. This function entails deciding the future organizational goals and preparing plans of achieving the goals. Planning involves deter tap a future course of action and taking adequate steps of achieving the pre-de destinationined goal5. Rio Tinto is a multinational company that has a presence in Australia. Through several mergers and acquisitions, the company has expanded to become one of the leading tap companies engaged in the mining of aluminum, uranium, coal, copper and iron ore. The Management of Rio Tinto has to prepare different types of plans. For instance, there are weekly plans, monthly plans, operational plans, tactical plans and strategic business plans. At the corporate level, the company prepares persistent term plans that extend more than ten years. The strategic plans include the diversification of operations and long term commitment to expanding operations in different continents. The company also prepares yearly plans that entail the expected wage and costs of operations during the year. The tactical plans of the company mainly focus of functions such as mine prospecting and exploration. tactical plans are prepared for each department such as employee recruitment and remuneration plans, financial plans, and mining department plans. The operational plans are mainly prepared by the first level managers and outline the activities and accountabilities of the special managers. Other plans that are common at Rio Tinto include weekly plans and daily plans of mine exploration, with accompanying elaborate of activities to be undertaken by each employee and the supervisors6. Planning entails defining the current situation, establishing the objectives of the plans, and developing an action plan for attaining the goals7. Other elements of planning include budgeting, implementing the plans and controlling the plans. Planning should also forecast the aids and barriers to the goals of the organisation. For instance, some of the aids to achieving be after objectives in Rio Tinto include well qualified personnel and superior technology. However, some barriers to planning at Rio Tinto include complexity of the plans due to unforeseen uncertainties like a possibility of cancellation of the mining rights and contracts in many jurisdictions. near of the factors that influence the planning function in Rio Tinto include political factors, environmental factors and g all overnment control over the mining industry in many countries. Planning is important in any organisation since it enhances