The Four Functions of Management.
To manage is to work with people and resources in both an effective and efficient way which will ultimately enable a company to reach its projected goals. A manager will be effective when the goals are completed. By the same token, a manager will be efficient when these goals are achieved after carefully using the resources available (personnel, money, time, and materials) in a company. Balancing both efficiency and effectiveness is a task that can …
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…members of their teams will be motivated to complete their respective tasks. Finally, controlling requires the identification of any divergence between planned goals and accomplished results in a company.
References:
Bateman, T. Snell, S. (2004) Management: The new competitive landscape. McGraw Hill Companies.
Higgins, J. (1994) The Management Challenge, Second edition, Macmillan.
McNamara, C. (1999) Management function of coordinating/controlling: Overview of basic methods.
Authenticity Consulting, LLC. Retrieved on December 2, 2005 from http://www.managementhelp.org/cntrllng/cntrllng.htm
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