The Four Functions of Management

Organizations have several things in common, they consist of people with formally assigned roles who must work together to achieve stated goals. They need not be just business firms, but do also consist of nonprofits, governments, and colleges. In any organization the entrepreneur must engage in supervision and management to achieve goals of the organization. A manager would hire the employees, ensure they are properly trained and know what to do, ensure that employees work …

…computers, the accumulation of statistical information, and the development of new mathematical techniques for decision making. These are all rapidly changing the business environment and the practices of management. However, one thing remains the same, the management process and the four functions of management. Planning - setting goals and deciding on courses of action; Organizing - identifying jobs to be done; Leading - influencing other people to get the job done; Controlling - setting standards.