The Four Functions of Management
In the twentieth century a brilliant French mine owner by the name of Henri Fayol first developed the concept "Four Functions of Management" to help the functionality of an organization and its functional design. This concept focused on essential skill development. Since then, the "Four Functions of Management" have been utilized by teams and by emerging corporations in marketing. One would assume that this concept has been finely tuned, but to this day it is still the center of much management thinking.
Planning consists of goal setting; developing plans to achieve goals, and…
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