Mgt 330 THE FOUR FUNCTIONS OF MANAGEMENT

MGT/330 Weekly Overview

Week One: Overview of the Functions of Management

THE FOUR FUNCTIONS OF MANAGEMENT

Planning is designating the goals to be accomplished and determine the correct actions to achieve those goals. The planning activity includes analyzing current situations, anticipating what about to happen, deciding the most effective activities the company will use, choosing corporate and business strategies, and determining the supplies needed to accomplish the company's goals. Planning set the stage for action, and for higher achievements.

Historically, planning described a top-down approach in which top executives establish business plans and tell others to implement them. (Chapter 1: Managing)

Organizing is constructing an active...