Role of Managers Assignment Example | Topics and Well Written Essays - 750 words

Role of Managers - Assignment Example In this organization, the planning role of managers involves the logical reasoning, through setting of targets and the relevant procedures to be followed to achieve these goals. Through this process, the managers plan into the unpredictable future, by foreseeing possible problems and giving distinctive blueprints on the actions necessary to avoid catastrophic events. At Wells Fargo, the management uses planning to counter the industry competition. It is critical to have an organized unit in order to fulfill the plans of the organization. The Wells Fargo management is tasked with aligning all the company’s resources to the major corporate strategy of the company. In many organizations, the corporate strategy fails to align with the organizational strategy, hence causing a myriad of problems due to misplaced priorities (Canals, 2011). However, the Wells Fargo management uses the organizational function to establish and maintain the relationships between the executive board and the human resource at the company. Through this duty, the managers are able to assign the technological and human resources to suit the corporate benchmarks of the company. In addition to organizing, the managers of Wells Fargo Company perform the staffing function as well. The human resource managers within the company play a critical role in the recruitment, selection, training, and development of talents within the organization. In the radical world of globalization, many companies struggle with retaining experienced employees within the company. Through establishing a reliable system to oversee the staffing process, the company accomplishes its plans in line with the available human resources. Given the competition levels that companies face in the business environment, it is important to give a clear insight on the direction that an organization must follow amidst the challenges it encounters (Mertzanis, 2013). Therefore, the directive role