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In today business world managers follow certain rules that help them be better at their job
and also contribute to the success of the business. The functions of management are
established to help managers see the business operations with more clarity and
understanding. This report will look at the four functions planning, organizing, directing
and controlling. In business managers are divided into three parts: top-level, middle
managers and first-level managers. Each level of management uses the four functions of
management to do their job better.
Management success is gained through accomplishment of mission and objectives.
Managers fail when they do not accomplish mission and objectives. Success and failure
are tied directly to the reasons for being in business, i.e., mission and objectives. However,
accomplishing mission and objectives is not sufficient. Success requires both effectiveness
and efficiency. Managers who accomplish their mission and objectives are said to be
effective. Efficiency describes the relationship between the amount of resources used
(input) and the extent to which objectives were accomplished (output). If the cost of
accomplishing an objective is prohibitive, then the objective is not realistic in the context
of the firms resources. Additional planning is necessary. Management is defined as the
process of setting and achieving goals through the implementation of some basic
management functions. These functions include planning, organizing, leading, and
controlling. By using these key tools, one can create an organization as a whole consisting
of unified parts acting in harmony to achieve goals, both successfully and proficiently. It is
