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Four Functions of Management
Essay specific features
Written by:
Michael P
Date added:
October 13, 2014
Level:
University
Grade:
A
No of pages / words:
4 / 1010
Was viewed:
8409 times
Rating of current essay:
Essay content:
The four functions (planning, organizing, leading, and controlling) are by no means easy to master, but study of the intricacies of each, along with either a good role-model or a mentor to assist along the way can help a young manager excel to the upper levels.
Planning
“Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals...
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16) Planning can be broken down into three levels, which coincide with the management level they are normally utilized by.
Strategic planning is done by the top level of an organization and is low in detail and normally has long-term goal(s) in mind. Further, strategic management can be broken down into six major components: “(1) establishment of a mission, vision, and goals; (2) analysis of external opportunities and threats; (3) analysis of internal strengths and weaknesses; (4) SWOT (strengths, weaknesses, opportunities, and threats) analysis and strategy formulations; (5) Strategy implementation; and (6) strategic control...
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