Preview

The Four Functions of Management

Powerful Essays
Open Document
Open Document
958 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Four Functions of Management
There are four functions of management that allow any organization to handle the tactical, planned and set decisions. The four basic functions of management are planning, organizing, leading, and controlling. The four basic functions of management are just to have a controlled plan over the preventive measure. The functions of management define the process of management as diverse from accounting, finance, marketing, and other business functions. These functions provide a useful way of classifying information about management.

The base function is to Plan, which is the foundation of management. It is the base upon which the all the areas of management should be built. Planning is the ongoing process of developing the business' mission and objectives and determining how they will be accomplished. Planning includes both the broadest view of the organization, for example, its mission, and the narrowest, for example, a tactic for accomplishing a specific goal. Planning is never-ending course of action.

The planning process consists of several steps. The process begins with environmental scanning, which basically means that planners must be aware of the serious contingencies in front of their organization in terms of economic conditions, their competitors, and their customers. Planners must then try to predict future conditions. These forecasts form the basis for planning.

Planners must establish goals, which are statements of what needs to be done and when. Planners must then find different courses of action for reaching these goals. After going through an assortment of alternatives, planners must make decisions about the best courses of action for reaching these goals. They must then put together necessary steps and ensure successful completion of plans. Finally, planners must continually assess the success of their plans and take counteractive action when needed. There are many different types of plans and planning.

The second function of management is getting



References: cNamara, C. (2007). Introduction to Management. Retrieved April 21, 2008, from http://www.managementhelp.org/mng_thry/mng_thry.htmErven, B. (1994). The Five Functions of Management. Retrieved April 21, 2008, from http://extension.osu.edu/~mgtexcel/Function.htmlBarnett, T. (2006). Management Functions. Retrieved April 21, 2008, from http://www.referenceforbusiness.com/management/Log-Mar/Management-Functions.htmlPakhare, J. (2007). Management Concepts The Four Functions of Management. Retrieved April 21, 2008, from http://www.buzzle.com/articles/management-concepts-the-four-functions-of-management.html

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Planning is defined by Bateman and Snell (2009), as “The management function of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue.” Planning is the difference between a successful and unsuccessful manager. .Planning, the first management function requires analysis of physical situations in a business, perhaps problems that need to be solved or analysis of systems that need improvement to become cost effective. Planning is the first step in management and is paramount as it facilitates control, valuable decision making and in the avoidance of business ruin. .Planning also requires anticipation of future needs of the company to be successful.…

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Functions of Management

    • 882 Words
    • 4 Pages

    The four functions of management include planning, organizing, leading, and controlling. Most organizations consider the functions of management as the fundamental management principles. The functions of the principles evolve as the business world rapidly changes making each function more adaptable. The functions of management define the process of management as distinct from accounting, finance, marketing, and other business functions and provide a useful way of classifying information about management (Encyclopedia for Business, 2010).…

    • 882 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Planning is a basic managerial function. It involves deciding on a course of action in advance. Planning is deciding what is to be done, where and how the work is to be done and who will do the particular task. We can say plan is to produce schemes for future action, to bring about specified results and specified cost, in a specified period of time. It’s a deliberate, extent, speed and effects of change.…

    • 1132 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    The textbook explains it best in the section, “planning provides a method of identifying objectives and designing a sequence of programs and activities to achieve these objectives.” In addition, “there seems to be as many diagrams of this process as there are authors.”…

    • 1956 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Planning is the foundation for the other functions as it lays the ground work for the initial ideas, goals, resources, and the overall means of achieving the goals. Managers use this formation of the plan to prepare for the future, predict future problems, and decide on actions to avoid problems and to beat the competition (Bateman & Snell 2007). Planning is the cornerstone of any business. It ensures the proper preparation for a business and leads to the success of the organization avoiding catastrophe and failure.…

    • 946 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Planning involves many different issues and departments in our facility. The planning involves analyzing our competition opportunities and threats along with the strengths and weaknesses. Management at my current job sets objectives that must be achieved. They identify what must be done to achieve such objectives. Management evaluates objectives and takes action when necessary. Planning is essentially implemented to attain the company’s goals and objectives. Planning is implemented in several different…

    • 1351 Words
    • 6 Pages
    Better Essays
  • Good Essays

    The four functions of management include Planning, Organization, Leading and Controlling. This paper will explain how each function is applied to a business by the management team and how the management team applies the four fundamental functions of management to ensure the business will be run productively, will use all resources wisely, budget time efficiently and be cost effective.…

    • 918 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Management Functions

    • 1557 Words
    • 7 Pages

    Planning is the base component of the management functions. Three main components help form the function of planning. These components include determining the company’s goals, developing a comprehensive strategy for achieving the goals in which the company sets, and designing both tactical and operational plans for implementing the strategy in which it develops. (Ebert & Griffin, 2011) When planning, the manager must be aware of all external environments that affect their business and be able to forecast future conditions. (Management Functions: Encyclopedia of Management, 2011) There are different forms of planning; they are but not limited to, strategic planning, marketing planning, business planning, succession planning, project planning, and sales planning. (Four Functions of Management, paragraph 2)…

    • 1557 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Manager Development

    • 6486 Words
    • 26 Pages

    Besides environmental scanning and objective setting, planning also includes policy formulation and interpretation and the establishment of programmes, schedules, procedures and methods, budgets, standards, rules and regulations.…

    • 6486 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    The planning involves creativity and management, in which most fundamental characteristic and intelligent behavior. This process is essential for the creation and clarification the plan, or the integration of various plans in which an estimate and combined development with the preparation of scenarios and how they react.…

    • 1846 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Management-Ship

    • 805 Words
    • 4 Pages

    Functions Of Management In today's business world managers follow certain rules that help them be better at their job and also contribute to the success of the business. The functions of management are established to help managers see the business operations with more clarity and understanding. This report will look at the four functions Planning, Organizing, Directing and Controlling.…

    • 805 Words
    • 4 Pages
    Good Essays
  • Good Essays

    1. PLANNING: includes anticipating future trends and determining the best strategies and tactics to achieve organizational goals and objectives, it is the KEY MANAGEMENT FUNCTION because the other functions depend on having a good plan. PLANNING: Planning involves the setting of the Organizational vision, mission, goals and objectives.…

    • 1014 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Literature Review

    • 662 Words
    • 3 Pages

    • Planning: Planning is the conscious determination of future course of action. This involves why in action, how to take action, and when to take action. Thus, planning includes determination of specific objectives, determining projects and programs, setting policies and strategies, setting rules and procedures, and preparing budgets. Based on the futurity involved in the planning process, plans may be prepared for long-term period, usually five years or more, intermediate-term period usually 2-5 years, or short-term period usually one year. Plans for these three periods are coordinated and a longer-term plan provides basis for shorter-term…

    • 662 Words
    • 3 Pages
    Good Essays
  • Good Essays

    2- Discuss the functions and purpose of an organization's vision and mission statement in planning.…

    • 1442 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Management Function

    • 1719 Words
    • 7 Pages

    Managers need to perform the planning function to define goals, establish strategies to achieve these goals and develop sub plans to coordinate activities for his or her team members.…

    • 1719 Words
    • 7 Pages
    Powerful Essays

Related Topics