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Wednesday, April 3, 2013

Four Functions of Management MGT330

IntroductionManagement is accomplished through cardinal intrinsic functions which are: planning, organizing, leading, and controlling. agree to Bateman-Snell, planning is the counseling function of systematically making decisions about(predicate) the goals and activities that an individual, a group, a work unit, or the overall validation will pursue in the future. Organizing is the management function of accumulation and coordinating human, financial, physical, informational, and other resources mandatory to achieve goals. Leading is the management function that involves the managers efforts to stimulate high performance by employees. peremptory is the management function of monitoring progress and making needed changes.

A manager moldiness organize these functions in prepare to reach company goals and maintain a competitive advantage. pose these plans into action requires forming groups as underlings must be directed to neck the plan, and the plans development must be directed by control. In order for these practices to succeed in an operational manner, an understanding must be reached concerning the basics in which these practices are in descent to the business structure. (Bateman, Snell, 2007).

The Four Management Functions: thinkPlanning is the first tool of the four functions in the management process. The difference between a happy and unsuccessful manager lies within the planning procedure.

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Planning is the reasonable thinking through goals and making the decision as to what demand to be accomplished in order to reach the organizations? objectives. Managers employ this process to plan for the future, like a blueprint to forewarn problems, decide on the actions to evade difficult issues and to beat the competition. (Bateman, Snell, 2007). Planning is the first step in management and is essential as it facilitates control, valuable in decision making and in the evasion of business ruin.

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