Management is defined as the act or skill of controlling and making decisions for an organization or institution. Any organization despite of industry, and or size requires certain methods and procedure to ensure efficient functioning. In 1916 a management theorist named Henri Fayol, created four concepts of management that are still in use today: Planning, Organizing, Controlling and Directing. Planning is the foundation of successful management. Due to constant changes both internal and external, planning has been labeled the unending task. Planning happens in several stages beginning with the company’s objective; a favorable and rational outcome or realistic goal; should be established. Once a reasonable objective is obtained data should then be compiled in an effort to forecast future service or revenue needs. A good plan must recognize all variables and limitations within its structure including time. A good time table for a goal helps in formulating the study of progress as well as which areas require adjustment. Managers organize by bringing together both physical and monetary resources to achieve objectives. They identify which task requires attention, classify and assign responsibilities to select groups or individuals and delegate authority. Once roles are in place and chain of command is present the time to lead or direct subordinates towards the common goal is essential. Great management motivates and provides subordinates with the proper tools and skills to ensure success; providing positive reinforcement and incentive once accomplishment is identified.

Jayashree Pakhare (February 15,2013). Management Concepts - The Four Functions of Management. Retrieved from