Term Paper On Management Function In PRAN * Submitted To: Silvia Akter Faculty of Business Administration East West University * Submitted By: 1. Md.Mushfiqul Haque Mukit ID: 2010-2-18-010 2. Arafa Ferdous ID: 2011-1-10-360 3. Mahfuz Ahmed ID: 2011-2-10-194 Section-07 Date of Submission: 08/04/2012 EAST WEST UNIVERSITY LETTER OF TRANSMITTAL Date: 08/04/2012 To Silvia Akter Faculty of Business Administration East West University
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1. Elaborate the function of Management. Answer: Management is the process of getting activities completed efficiently and effectively with and through other people. Thus Management is creative problem solving or problem moving process. This creative problem solving is accomplished through various functions of management: planning‚ organizing‚ staffing‚ leading and controlling. The intended result is the use of an organization’s resources in a way that accomplishes its mission and objectives.
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Four Functions of Management The Four Functions of Management The four functions of management are: planning‚ organizing‚ leading and controlling. Each organization must have and follow these four functions in order to become a successful business. Not only does the organization as a whole have to follow these four functions but the managers in the business must use them more than anyone else. If the management does not follow the functions correctly‚ then the organization and people who work
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What are the four functions of management? The four functions of management are planning‚ organizing‚ leading‚ and controlling. Planning is a real key idea in the management function. Managers that plan are keeping their mind on the end result. They forecast from current and past experiences or situations. They achieve results by using resources that are available to them without shooting over their budget. Organizing is taking all the resource they have available to them and coordinating them
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The Four Functions of Management Marlowe McConnell MGT 330 January 13‚ 2013 Kathleen Dominick The Four Functions of Management Management requires a person to think strategically and organize a plan in order to be successful and build a lasting relationship with both the company that they work for and the team that they are leading. To achieve this‚ managers needs to implement the four functions of management; planning‚ organizing‚ leading‚ and controlling. The four functions of management
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Classical Management Functions Useful in Describing Managerial Work? Introduction The functions of management uniquely describe managers’ jobs. With his work General and Industrial Management (1949‚ 1916 in French)‚ Henri Fayol was a pioneer on the field of management theory. Many more were to follow‚ some supporting Fayol’s thoughts and some‚ i.e. Henry Mintzberg in The Nature of Managerial Work (1973) saying that Fayol’s views are not holding true today. Academy of Management Review‚ 1987
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The Four Functions of Management "Henri Fayol was the 1st to describe the Four Functions of Management when he was Chief Executive Officer of a large mining company in the late 1800 ’s. He noted that managers at all levels operating in a for profit or not for profit organization must perform each of the functions of management." (Miller‚ 2005‚ pg. 5-9) These four functions of management consist of planning‚ organizing‚ leading and controlling. These four functions will be addressed as well
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Running head: FUNCTIONS OF MANAGEMENT Functions of Management Functions of Management Week one of University of Phoenix course‚ bachelor of science in human services (BSHS) 330‚ Management Theory‚ Practice and Application‚ introduces the topics for weeks two through five by providing an overview of the functions of management. The functions being studied in BSHS 330 are planning‚ organizing‚ leading‚ and controlling. Definitions of these four functions will be discussed and relevance of
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Functions of Management United Health group is a major insurance company that provides medical and mental health coverage to its consumers. The organization manages Medicaid and Medicare accounts as well as commercial accounts from employers. Providing healthcare insurance is a competitive job‚ therefore‚ the management of the organization has to use the four functions of management to remain in the competition. The four function of management are planning‚ organizing‚ leading and controlling
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Four Functions of Management Management: Theory‚ Practice and Application August 13‚ 2005 Abstract Managers tend to one of two basic problem-solving styles: systematic or intuitive. Systematic thinkers are logical and rational. They prefer narrow and focused problems‚ step by step processes‚ rules to be followed‚ and computer programs that grind to a recommendation. Intuitive thinkers are more comfortable with solutions that just "came to" them. Compared with systematic thinkers‚ for the intuitive
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