The Four Functions of Management
Carmen M. Franco
Gen 330
The position that managers provide in planning, organizing, leading and controlling is an essential responsibility in any business. A manager must organize these functions in order to reach company goals and maintain a competitive advantage. Putting these plans into action requires forming groups as underlings must be directed to complete the plan, and the plan's development must be directed by control. In order for these practices to succeed in an operational manner, an understanding must be reached concerning the basics in which these practices are in relationship to the business structure. (Bateman, Snell, 2007).
Planning
Planning is the first tool of the four functions in the management process. The difference between a successful and unsuccessful manager lies within the planning procedure. Planning is the logical thinking through goals and making the decision as to what needs to be accomplished in order to reach the organizations’ objectives. Managers use this process to plan for the future, like a blueprint to foresee problems, decide on the actions to evade difficult issues and to beat the competition. (Bateman, Snell, 2007). Planning is the first step in management and is essential as it facilitates control, valuable in decision making and in the avoidance of business ruin. Paychex has a goal to provide quality payroll services at an affordable price to small business owners. Employees at Paychex are committed to excellence. Through clearly written Mission Statement, Paychex must live by its values which clarify the company’s objectives and goals. Quality in the results that are achieved and how the results are reached doing what is right, respect for others, v ...