Four Functions of Management

Four Functions of Management
Managing a successful business or organization requires healthy, ongoing leadership and management, planning, product and service development, marketing and financial management. To carry out these practices in a healthy manner, it's important to first understand the basic "territory" in which these practices are carried out. There are four basic functions of management that lend themselves to accomplishing effective management. The focus of this brief is to discuss these management functions and their impact to the system requirements and design for the consumer order entry system for Verizon Communications.
Planning is selecting priorities and results (goals, objectives, etc.) and how those results will be achieved. Planning typically includes identifying goals, objectives, methods, resources needed to carry out methods, responsibilities, and dates for completion of tasks. Examples of planning are strategic planning, business planning, project plann...