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Word Count: 1,058
Management is defined as the guiding principle for establishing and accomplishing objectives through the execution of four basic management functions The four functions are planning organizing leading and controlling In this paper we will be examining all four of these functions independently but in actuality they are interdependent and inseparable The delivery of all four functions of management is vital to building robust teams and stronger organizations A managers role is to guide hisher organization towards a clearly stated objective through the practice of these four functions In order to succeed a manager must plan organize lead and control in a concise and organized manner Heshe must set goals and decide courses of actions planning and identify jobs to be done and assign resources organizing In addition employees must be guided to complete the plan leading and the plans progress must be monitored controlling Planning is an ongoing process of developing the organizations objectives and determining how they will be accomplished It is setting goals and deciding on courses of action It includes developing rules and procedures and designing strategic plans Planning includes both the high level view of the organization its mission and the future impact on the business and the tactical aspects for accomplishing a specific goal Its a crucial management function because it lays the groundwork for all other functions It is a method focused on projecting the future foreseeing problems and developing procedures to circumvent them I work in supply chain planning where we are responsible for forecasting each of our customers product demand and managing their inventories with strict performance measures Recently my department decided to eliminate their home-grown tool for forecasting product demand and replenishing customers inventory This decision was made in light of constant and costly maintenance and enhancement functionalities needed to accommodate increasing business requirements of our customers The first level of planning focused on the organizations objective to expand our customer base in the vendor
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