Management is the process of working with others to achieve organizational goals. It is the process of effective and efficient problem solving. There are four basic functions of management in order to run a successful organization. These functions are of equal importance and none should be disregarded. For management to be efficient and effective: planning, organizing, leading, and controlling should be taken into consideration. Management is ample only when executives and administrative staff are fully knowledgeable of situations where they can apply each one of the four functions of management.
Planning is the first step to be taken in management. Planning is selecting priorities and results and how those results will be achieved. In planning the desired end result is looked at objectively to see the necessary resources needed to accomplish the job. The company's vision, mission, objective, and goals are taken into consideration in the planning stage and each one is worked through separately. According to Bateman, Snell(2007, planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Planning activities include studying a situation, anticipating the future, determining objectives, deciding the type of activities to be engaged in, choosing corporate and business strategies, and determining the resources needed to achieve the organization's goals. Planning is the primary function of management from which the other three functions originate. Planning is important at all levels of management. Planning is concerned with the future impact of today's decisions.
Organizing, the second function of management , can be viewed as t ...