Functions of Management

Functions of Management

Management Theory, Practice, and Application MGT330

January 22, 2003

The four functions of management (planning, organizing, leading, and controlling) are important to the success of any company. A company should have a clear set of objectives in order to achieve predetermined goals. Management is not a skill most people are born with; it is a learned skill. However, some people are naturally better in some areas than others. When I think about how the four functions of management relate to my organization, my supervisor, and my position, several ideas come to mind.

First, planning within my organization is a high priority. My company is in the process of purchasing another pharmaceutical company. Since the announcement of the company’s intentions, several groups have been formed to brainstorm on the various duties of the specific groups. Issues such as which jobs would remain, which jobs could be combined, and projected budget are only a few of the topics that were being discussed. It was also important for the groups to decide how to make day one successful. What will the checks say on day one? How do we make the employees from the other company feel comfortable (considering some of them may be losing their jobs)? International planning took place because my company and the company we are