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Essay

Four Functions of Management

Essay specific features

 

Issue:

Business

 

Written by:

Michael P

 

Date added:

October 13, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1010

 

Was viewed:

8402 times

 

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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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