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Four functions of management. ... Conclusion The four functions of management are very
important in the business world and should not be looked over at any time. ...
Four Functions of Management. Abstract The four functions of management,
planning, organizing, leading, and controlling, are very ...
Four Functions of Management. Abstract The four functions of management,
planning, organizing, leading, and controlling, are very ...
Four Functions of Management. ... Conclusion Companies can use technology to help
when it come to implicating the four functions of management. ...
The Four Functions of Management. ... Running on the four functions of management will
enable a business to run efficiently (Bateman and Snell, 2004). ...
Submitted by searching93012 on May 22, 2006
Category: Business
Words: 742 | Pages: 3
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Four Functions of Management
Management can be defined as the process of working with people and resources to accomplish organizational goals. Management as a profession is a relatively recent development in the history of managing. For centuries, managing was basically trial-and-error. It wasn’t until the Industrial Revolution that managers needed to become more disciplined and scientific. Since the turn of the century, many approaches have been defined and implemented. Much of what is in use today has it’s roots on these past approaches. The current model for success defines four basic functions of management as described below.
Planning
The first function of management, planning, can be defined as specifying the goals that need to be achieved and the actions required to meet those goals. Planning is often cited as the most important function management can perform. For without a direction, how can managers know where to lead or what to control? While planning is indeed critical, an organization that excels in only this function is doomed to fail. For example, managers who over plan, can stifle innovation and creativity by insisting employees “stick to the plan”. But these skills are critical to succeed in today’s competitive markets.
In my organization, the strategic planning is done each year by the Executive Committee. Four to five goals are defined and communicated to the organization. Each division then maps their goals to the corporate goals. Then each department maps their goals to the division and corporate goals.
Organizing
The second function of management, organizing, can be defined as pulling together all of the resources available to the company to achieve goals. Resources include people, money, hard assets, information, etc.
For many years, my organization treated the “org chart” as taboo. We considered ourselves entrepreneurial in...
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