The primary objective of this paper is to define functions of management planning, organizing, leading, and controlling and to how each function relates to my own organization. Management can be defined as the process of reaching organizational goals by working with and through human and non human resources to continuously improve value added to the world. Well-managed organizations have a competitive advantage over poorly managed ones for a number of reasons: 1
They influence their competitive external environments through more productive and focused activities. 1
They monitor and coordinate internal resource usage through an organized process that leverages the full, rather than partial, impact on their assets. 1
They manage system changes more successfully by negotiating favorable contracts and creatively adapting to external forces. 1
They have a more flexible, committed workforce because their managers routinely exhibit the sound human relations practices that build a strong work community. 1
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Planning is considered to be one of the major four functions of management.
Planning means identifying where you want to go, why you want to go there, how you will get there, what you need in order to get there, and how you will know if you're there or not. Planning is setting the direction for something, in some way, and then working to ensure the system follows that direction. Whether it is an organization, department, business project, etc., the process of planning includes working backwards through the system. They start from the results (outcomes and outputs) they prefer and work backwards through the system to identify the processes needed to produce the results. Then they identify what inputs (or resources) are needed to carry out the processes.2
Effective managers must pay attention to what goes on both inside and outside of their organizations. Regardless of where their...