MGT 330 Week 1 Functions of Management Paper

Apr 9th, 2015
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Management StrategiesThe Four Functions of ManagementEffective and efficient managers are one of the keys to a successful business organization. Management on any level embodies several components and processes, yet these sometimes complicated tasks can be summarized by describing the four functions of management. The first and arguably most important step is the planning stage. Planning establishes a foundation for the other functions, and provides an outlook on potential challenges. This stage focuses on setting goals, realizing appropriate actions to reach these goals, and identifying internal and external factors which may impede upon such goals. Considering how important planning is for success, my previous organization's management team could have utilized this function more effectively. The management team directly above me was tasked with implementing continuous im

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