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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. ...
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leading, and controlling are the functions of management. ...
Four Functions of Management. Abstract The ... effective teams. Planning, organizing,
leading, and controlling are the functions of management. ...
Functions of Management. Functions of Management ... principles of management. Henri
Fayol first coined the term "Four Functions of Management". ...
Functions Of Management. Functions of Management Management 330 Functions of Management
Every organization has a mission and goals to accomplish. ...
Submitted by tynesl on March 16, 2008
Category: Business
Words: 759 | Pages: 4
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Functions of Management
Management Theory, Practice, and Application MGT330
January 22, 2003
The four functions of management (planning, organizing, leading, and controlling) are important to the success of any company. A company should have a clear set of objectives in order to achieve predetermined goals. Management is not a skill most people are born with; it is a learned skill. However, some people are naturally better in some areas than others. When I think about how the four functions of management relate to my organization, my supervisor, and my position, several ideas come to mind.
First, planning within my organization is a high priority. My company is in the process of purchasing another pharmaceutical company. Since the announcement of the company’s intentions, several groups have been formed to brainstorm on the various duties of the specific groups. Issues such as which jobs would remain, which jobs could be combined, and projected budget are only a few of the topics that were being discussed. It was also important for the groups to decide how to make day one successful. What will the checks say on day one? How do we make the employees from the other company feel comfortable (considering some of them may be losing their jobs)? International planning took place because my company and the company we are pursuing both have foreign presence. The most important thing being to colleagues is that we are considered two separate companies until the deal is complete; it should be business as usual.
According to Dessler (2001), planning involves setting goals and identifying the courses of action for achieving those goals (p. 52). I work in travel accounting at Pfizer. My job responsibilities include auditing expense reports and weekly payment reconciliation. The payment reconciliation is on a strict deadline. In order to make sure that payments are made to American...
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