MANAGEMENT FUNCTIONS

Management Functions



Management Functions

Introduction

The CEO of my company has to conduct a meeting with his management team and he has asked me to prepare a report concerning the importance of management functions. The report is given below:

Planning - the definition of objectives and functioning of the organization, as well as ways and means to achieve them. Any organization cannot operate without planning, so as to make management decisions regarding:

resource allocation;

coordination between different departments;

coordination with the external environment (market);

an effective internal structure;

monitoring activities;

Development organization in the future. Planning ensures timely decisions, avoiding hasty decisions, sets a clear objective and clear way of its ...