Four Functions of Business
Four Functions of Business
Four Functions of Business
Every company implements its own concepts and ideas to ensure the successful progression and continuous success within their company or business. The managers and key leaders must have certain routines and managerial skills that are proven to be reliable as resources to ensure these successes. To meet the challenges of today’s demanding business world, managers and key leaders use the four functions of business: planning, organizing, leading, and controlling.
Planning
Planning is the foundation for the other functions as it lays the ground work for the initial ideas, goals, resources, and the overall means of achieving the goals. Managers use this formation of the plan to prepare for the future, predict future problems, and decide on actions to avoid problems and to beat the competition (Bateman & Snell 2007). Planning is the cornerstone of any business. It ensures the proper preparation for a business and leads to the success of the organization avoiding catastrophe and failure. Planning in the military is fundamental and must be done every day to ensure that all goals are met and achieved regardless of how small they might be. Without the proper planning in the military, leaders and Soldiers alike would not know the commanders intent and therefore, missions would be left incomplete. Small missions lead to absolute failure which results in the loss of lives in the military. Planning is a must to prepare for missions to clarify the chain of command, resources available versus resources needed, means of accomplishing the task and the necessary personnel that are required for the mission. These are the cornerstones of mission accomplishment. Planning is the first stepping stone and without it, failure will result.
Organization
Organization is the process of taking the outcome of the planning and organizing the process into strategies and resources through which the
Four Functions of Business
Every company implements its own concepts and ideas to ensure the successful progression and continuous success within their company or business. The managers and key leaders must have certain routines and managerial skills that are proven to be reliable as resources to ensure these successes. To meet the challenges of today’s demanding business world, managers and key leaders use the four functions of business: planning, organizing, leading, and controlling.
Planning
Planning is the foundation for the other functions as it lays the ground work for the initial ideas, goals, resources, and the overall means of achieving the goals. Managers use this formation of the plan to prepare for the future, predict future problems, and decide on actions to avoid problems and to beat the competition (Bateman & Snell 2007). Planning is the cornerstone of any business. It ensures the proper preparation for a business and leads to the success of the organization avoiding catastrophe and failure. Planning in the military is fundamental and must be done every day to ensure that all goals are met and achieved regardless of how small they might be. Without the proper planning in the military, leaders and Soldiers alike would not know the commanders intent and therefore, missions would be left incomplete. Small missions lead to absolute failure which results in the loss of lives in the military. Planning is a must to prepare for missions to clarify the chain of command, resources available versus resources needed, means of accomplishing the task and the necessary personnel that are required for the mission. These are the cornerstones of mission accomplishment. Planning is the first stepping stone and without it, failure will result.
Organization
Organization is the process of taking the outcome of the planning and organizing the process into strategies and resources through which the
References: Bateman, T.S., & Snell, S. (2007). Management: Leading and collaborating in a competitive world (7th ed.). , : McGraw-Hill Allen, G. (2002). . In Supervision. Retrieved October 25, 2008, from http://ollie.dcccd.edu/mgmt1374/contents.html