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Four Functions of Managment

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Submitted By theresa33
Words 2039
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Four Functions of Management
For BMGT 364
Professor Vaughn Jenkes
Theresa Scott

A man sits at his desk biting on his pen hair tussled and sweating bullets. He is reading over his monthly finance report. It is just not making sense to the man he does not understand why he is not making a profit. Unfortunately, this is the scene for many managers of organizations. When operating a business its best to have a concise plan because, it could be crucial to the company’s success or failure Managers needs to have a clear understanding of the four functions of management. The four functions of management are planning, organizing, leading, and controlling.
An Analysis of the four functions of management will reveal how understanding and knowing how to apply these four functions can be critical to an organization’s success or failure. Applying these functions can bring in a profit for the company and helps management control the company properly. Planning is a preliminary step it requires management to look ahead and map out a plan to be followed. Planning will map out when how and who is going to perform a task in the organization. When planning management focus on how to achieve goals and objectives of the company. To help them to prepare they can use planning tools such as the forecasting tool. Forecasting is useful because it gives the organization the ability to understand the future makeup of the organizational environment which helps the owner produce more effective plans (Certo & Certo, 2009). Effective Planning can be crucial to management’s success or failure.
Organizing function is the act of assigning different tasks to various individuals and groups within the organization (Certo & Certo, 2009). Organization is vital to the company in every aspect whether it is human resources, technology, monetary, or knowledge. When small

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