Functions of Management Essay -- Business Management

There is no one definition for the term management. However, Fayol (1916) defined the term management as; â€Å"To manage is to forecast and plan, to organize, to command, to co-ordinate and to control.† Mc Ilwee.T and Roberts I, (1991): p.g117 Management is not standardized and is undertaken at all levels of the organization, as it is an integrating activity. Managers have to manage in order to achieve the overall objectives and strategy of the firm. All firms are seeking effective managers, and the quality of management is a key element of business success. The four functions of management are essential to building strong teams and stronger organizations. Common to all managers, the four functions are planning, organizing, leading, and controlling. The aforementioned functions of the manager are the activities, which all managers must perform regardless of the industry, the level, the title, or the activity in which engaged. In this paper we will be examining all four of these ingredients and then we will apply them to real world examples. These four things are used any time when initiating a new project or dealing with any change, which we all know is constant. A lot of us may be all ready using or have seen others, but just never noticed it or didn't know how to identify the methods. Let us start by looking at the definitions and examples of each. Planning Planning is the function of â€Å"doing.† It’s the first management function both because it lays the groundwork for all o...