Four functions of management

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 …

…organization does not meet sales goals, they must make changes within the company to control the specific goals the company has made. "Controlling monitors progress and implements necessary changes" (McGraw Hill, pg16). <Tab/>Finally, the four functions of management are very important to any company. Planning, organizing, leading, and controlling keeps a company structured. These four functions of management are what allows a business to continually make profits. Resources McGraw, Hill, 2003