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Out of the five functions, the most dramatic change will occur in the planning. Planning is the base of the rest of the other functions, and it can be affected by the current conditions of the economy, society, and the mentality of trends that consumers will decide on. The other four functions is dependant on the changes that the planning portion is carries out. For example, in the 1990s, the business practice was planned on the technology and consumer choices that built companies according to those effects. Today, in the year 2015, technology is processed much faster, and corportation are much globalized, causing the planning to be at a faster pace, and more connected to the consumers.
Retrieved November 19, 2015, from http://legacyanalytics.net/pdf/5-functions-of-management.pdf
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Nov 19th, 2015
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