Four Functions of Management
Every business entity or organization, whether big or small, needs to develop and implement the basic four management functions. The success of any business organization depends on how the four functions of management are implemented. These management functions allow an organization to handle its business strategy, tactical and operational decisions. The aim of this paper is to discuss the four functions of management namely: Planning, Organizing, Directing and controlling.
This is the first management function and it is a very important area of all the four functions of management. This is the core foundation of management from which other management functions are derived and built. Planning requires the management of an organization to do thorough evaluation of the current state of the company and where the company will be in future. It involves setting goals and objectives to be achieved by an organization within a specified duration .During the planning process, management evaluates both internal and external factor s that affect the company.
This is the second function of management. It requires management to organize all the available resources in an organization towards the achievement of the set goals and objectives set during the planning stage. This stage helps management to be able to organize resources in the best way, organize human resource and other factors within the organization for it to achieve the set goals. Organizing helps management to determine the internal structure of the company and the best way in which achieve good results.
This is the third function of management. Directing helps management to monitor staff and direct resources to influence the conduct of staff to work towards achieving the goals of the organization. Directing also assists management to help employees in accomplishing their career objectives and being part of the organization. Directing needs effective communication and building of positive interpersonal relationship s between management and staff.
This is the last stage of function of management. It includes setting and establishing standards to be achieved within the organization. It also involves evaluation of results in comparison with the set standards and incase of any variations, it helps management to come up with the appropriate measures.
The four functions of management are crucial for an organization to succeed. Therefore these functions should be properly developed and implemented for an organization to succeed.
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