functions of management:planning, organizing, leading and controlling

Four Functions of Management (Student Name (Course /Number (Date (Instructor Name

Abstract

Management runs business firms . Four functions cover the entire process of management . These are planning , organizing , leading and controlling Fulfilling all four functions is fundamental to effective and efficient management . The discussion defines the four functions and provides the application to a green company manufacturing hydroxyl generator

Four Functions of Management

Every organization develops management systems , policies and practices to ensure effective and efficient operations towards the fulfillment of its goals . The areas of business operation that require

management are complex and diverse . Sound business practice involves the breakdown of management into a set of functions covering the process involved in the smooth running of the business . Four fundamental management functions set out the guidelines in managing the business . Completion of the four functions is necessary to good management . Working in the accounting department of a green company , manufacturing green hydroxyl generators proved that the four management functions underlie all core activities

Planning

The first management function is planning . This provides the groundwork for management . Planning is identifying and analyzing the current condition and situation of the business and determining a future course for the firm (Bateman Snell , 2009 Hitt , Ireland Hoskisson , 2009 Critical assessment of the business can bring out issues as well as opportunities currently experienced or likely to emerge in the future Analysis of issues and opportunities results to a list of alternative solutions and directions for prioritization , relative to the needs of the business...