The Four Functions Of Management: Planning, Management, Leading and Controlling

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One thing a successful company has is a great staff filled with people in working in different areas, all doing their best to keep the business moving forward. Like an army, the staff does need a leader, or maybe a few, to make sure that everyone in the business is organized, informed and all moving toward the goal of the company. Some people may think that this person is the owner but most of the time this person is the manager. Successful managers must know, and be able to apply the four functions of management: planning, organizing, leading, and controlling, to their daily work routine.

Planning is specifying the goals to be achieved and deciding in advance the appropriate action needed to achieve those goals (Bateman & Snell, 2007). All businesses, new and established, must have goals. Having a plan is crucial because it lets everyone know exactly which goals the company is heading for. Plans help to make sure everyone in the staff knows what specific tasks they may have to do in order for the company, as a whole, to achieve the goal. Planning activities can include, analyzing current situation, anticipating the future, determining objectives, deciding what kind of activities the company will engage, choosing business and corporate strategies, and determining the resources needed to achieve the organization’s goals (Bateman & Snell). After a plan is set for a specific goal, now the organizing of resources is the next step.

Organizing is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals (Bateman & Snell, 2007). Organization is key because a well organize staff will be more efficient in executing the plans of the company. Lets say your company manufactures f...

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...n help to ensure their return which is the company’s goal.

Managers must always remember that the success of the business is important because if the business fails then they fail. Practicing the four concepts of management is crucial to the success of the business as well as that of the manager. Having a plan, being organized and a good leader is important, however, unexpected things might happen and a manager must be able to take control of the situation in order to achieve the company’s goal.

Reference

Bateman, T. S., & Snell, S. A. (2007, n.d.). Managing. Management: Leading and collaberatin in a competitve world, 7e, . Retrieved July 16, 2008, from rEsource

Edger, L. (2007, December 5) Starting a Successful Restaurant. Articlesbase. Retrieved July 16, 2008, from http://www.articlesbase.com/small-business-articles/starting-a-successful-restaurant-411565.html

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