Functions of Management

Functions of Management


In the 21st century where the fast-paced business environment is always changing and evolving it is

important that managers understand and utilize the four functions of management to obtain a successful

work environment. Common to all managers are the activities of planning, organizing, leading, and

controlling. These functions of management must perform regardless of the industry, the level, or activity

in the world.

Planning: Planning is setting goals; those that establish procedures and rules. They may be projects,

programs, or strategies. The major purpose of planning is to focus the attention of all involved on a

common purpose so that everyone’s effort is coordinated. A plan will aid in accomplishing tasks

efficiently, and eliminate waste time, effort and most importantly money. Currently at the credit union

where I am employed I am not in a management position, not having to utilize the functions of

manag...