The Four Principal Functions of Management

In: Business and Management

Submitted By MatthewD
Words 1336
Pages 6
The Four Principal Functions of Management:
Planning, Organizing, Leading, and Controlling
Matthew Daley
24 September 2011
MAN 3353
Tristan L. Davison

All new or old organizations whether small or big need to run smoothly and achieve the goals and objectives. Organizations can develop and implement their own management concepts. Basically, there are only four management principles that would allow any organization to control the tactically planned and set decisions. The four principles of management are used, just to have a controlled plan over the preventive measure. These four principal functions of management are: planning, organizing, leading, and controlling.
What is normatively held as good management practice for a non-diversified firm? * Process of organizing * Functional organization * More centralized decision-making * Specialist viewpoint at the top * Less formalization of structure required * Less coordination and committee management * Process of planning * Simple long range planning, * High involvement of top management in planning * Less participative, * Heavily linked with the control function * Process of controlling * Concentrated at the top * More detailed at the top * Less use of exception principles * Organization of control centralized
What is normatively held as good management practice for a diversified firm? * Process of organizing * Divisionalized organization * More decentralized decision-making * Generalist viewpoint at the top * More formalization of structure required * Make coordination and committee management * Process of planning * Complex and more sophisticated long range planning * More bottom up approach * More participative *…...

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