The Four functions of management are planning, organizing, leading, and controlling. These four functions are what maintain a place of business. If not for these functions companies would not be organized and it would be harder to maintain the fundamentals of management.
"Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals"(McGraw Hill pg15). Management needs to make a plan as to how they are going to accomplish their set goals in a timely but organized manor. From experience in retail, managers sit down and have a weekly meeting and discuss what goals need to be accomplished and how these set tasks are going to be completed in order to make sales.
Planning activities include:
Analyzing current situations
Anticipating the future
Deciding what types of activities the company will engage
Choosing corporate and business strategies
Determining the resources needed to achieve the organizations goals
Plans set the stage for action and major achievements (McGraw Hill, pg16).
In the weekly meetings I attend for management I can relate to these topics. We always discuss the current situations that are in the store whether it be what is going on with the employees or if sales are up or down. We are always planning for future store events and how we can have a flawless turnout. Us managers determine what objectives we need and how to improve them. Strategizing is the most important role we all need to take to make the company run smoothly and meet the organizations goals.
In order to achieve specific goals of an organization, managers must use resources. "Organizing is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals" (McGraw Hill, pg16). This means...