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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 megchrislang on June 11, 2006
Category: Business
Words: 924 | Pages: 4
Views: 242
Popularity Rank: 30,946
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The success of a business lies in the hands of its manager or managers. All in all, their actions will determine the effectiveness of a company. In order to achieve victory they need to adhere to the four functions of management: planning, organizing, leading and controlling. With the growing global competitiveness of today’s industries, companies need to be more innovative in using these four functions in order to complete tasks. If they are able to successfully perform these four functions within their organization he or she will have a better chance of succeeding with his or her overall goals and the competition.
The first function of management is planning. The action of planning may seem simple: What is the goal and how are we capable of achieving the assignment? Simple when one thinks about the idea of planning , but not so simple to conquer it. Much thought needs to be put into this process in order to be competent. In this stage companies need to determine the plan of action for their goal, the steps they will take to obtain it, and the resources they have at hand. In present day, companies have described this process as “delivering strategic value” (Bateman, Thomas & Snell, Scott, 2004). Generally, this means that managers think of the plan and the ways in which employees can carry out the plan of action. Managers need to use their brains to determine what it is that consumers are looking for and how can they surpass the competition. This proves to be one of the most important factors of management.
The second function of management is organizing. This process begins after the plan is decided. Now, it is time to put this plan into action and decipher what it will take to do so. Some major responsibilities of this function are to delegate tasks, assign teams, pull together resources, and set ground rules for every one to abide by. Unlike history, companies today are finding that they need to be flexible and understanding with their...
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