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Wednesday, April 3, 2013

Executing All Four Functions of Management

Management is defined as the guiding principle for establishing and accomplishing impersonals through the effect of quatern basic management functions. The four functions are planning, organizing, leading, and controlling. In this paper we will be examining all four of these functions independently, tho in actuality, they are interdependent and inseparable. The delivery of all four functions of management is vital to building robust teams and stronger formations. A managers occasion is to guide his/her organization towards a clearly stated objective through the practice of these four functions. In order to succeed, a manager must plan, organize, lead, and control in a elliptic and organized manner. He/she must set goals and decide courses of actions (planning), and depict jobs to be done and assign resources (organizing). In addition, employees must be guided to complete the plan (leading), and the plans progress must be monitored (controlling).

Planning is an ongoing process of developing the organizations objectives and determining how they will be accomplished. It is setting goals and deciding on courses of action. It includes developing rules and procedures and designing strategical plans. Planning includes both the high level view of the organization (its mission and the future impact on the business), and the tactical aspects for accomplishing a specific goal. Its a crucial management function because it lays the groundwork for all other functions.

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It is a method focused on projecting the future, foreseeing problems, and developing procedures to circumvent them.

I work in communicate chain planning, where we are responsible for forecasting each of our customers merchandise demand, and managing their inventories with strict performance measures. Recently, my department decided to eliminate their home-grown tool for forecasting product demand and replenishing customers inventory. This decision was made in light of constant and costly maintenance and enhancement functionalities undeniable to accommodate...

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