Four Functions of Management
Management is defined as the process of setting and achieving goals through the execution of four basic management functions that use human, financial, material, and informational resources. (Straub, 1994) The four functions are planning, organizing, leading, and controlling.
I will elaborate on these functions independently, but in reality they are inseparable and interdependent. A manager can't say, "I'm going to plan in the morning, direct before lunch, organize between 1 and 2 p.m., and control from 2:30 p.m. until the end of the day." …
