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Essay / Research Paper Abstract
A 5 page paper that identifies the five functions of management and explains each. The writer provides an example of how each function is practiced in the writer’s own company. Bibliography lists 8 sources.
Page Count:
5 pages (~225 words per page)
File: ME12_PG692326.doc
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Unformatted sample text from the term paper:
of these functions. One action that is common in all functions is decision making. These functions describe a managers job. Fayol first described four functions (planning, organizing, coordinating, and controlling)
in 1916 said that these functions were universal; all managers performed these functions regardless of industry (Mintzberg, 2001). This continues to be true today even with todays more complex and
sometimes chaotic practice of management. Planning Planning is ongoing. It is the process of developing any organizations mission and objectives and of determining how these will be accomplished. Planning
is both broad and narrow. It is broad in that it include the organizations overall mission and all that entails and it is narrow in that planning is required to
determining a tactic that will be used to achieve a specific objective or goal (Proven Models, 2011; Stanley, 2008). Planning is essential for all organizations. As Stanley (2008) commented, if
you dont know where you are going, it does not matter which way you go. When a person takes a road trip, they first consult a map to determine how
to get to their vacation spot. There is a natural tendency to just jump right in and to start doing something at many organizations, yet, success begins with a good
plan (Stanley, 2008). Planning is both a formal and informal process at our company. The executive planning committee meets formally annually at which time past performance is analyzed in
terms of the companys vision, mission, and goals. Long term and short-term strategic plans are reviewed and analyzed. From these meetings, the companys executives make adjustments as necessary depending on
the economy and what is happening in the industry. Both short-term and long-term strategic plans are updated. There is a lot of informal planning in our department. These sessions are
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