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The Four Functions of Management.
To manage is to work with people and resources in both an effective and efficient way which will ultimately enable a company to reach its projected goals. A manager will be effective when the goals are completed. By the same token, a manager will be efficient when these goals are achieved after carefully using the resources available (personnel, money, time, and materials) in a company. Balancing both efficiency and effectiveness is a task that can be accomplished (Bateman, Snell, 2004) through the four functions of management: planning, organizing, leading, and controlling. According to…
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