Four Functions of Business

956 Words Nov 24th, 2008 4 Pages
Four Functions of Business

Four Functions of Business
Every company implements its own concepts and ideas to ensure the successful progression and continuous success within their company or business. The managers and key leaders must have certain routines and managerial skills that are proven to be reliable as resources to ensure these successes. To meet the challenges of today’s demanding business world, managers and key leaders use the four functions of business: planning, organizing, leading, and controlling.
Planning
Planning is the foundation for the other functions as it lays the ground work for the initial ideas, goals, resources, and the overall means of achieving the goals. Managers use this
…show more content…
It’s also the process of monitoring progress and ensuring that the resources that are provided are being used correctly to further progress to the goal. According to Allen (2008), control allows for ease of delegating tasks and as managers may be held responsible for their employees’ actions, may way to provide timely feedback of accomplishments.
Controlling is effective in the military as leaders are given the right to make changes as necessary to ensure goal accomplishment. Control is the process in which standards for performance of people and processes are set communicated and applied (Allen,G., 1998). Leaders can adapt as necessary and must always provide feedback to their Soldiers. This lets the Soldiers know that they are in the right direction and what has been accomplished thus far. This builds motivation and a willingness to progress further. This is a key function in the military and towards mission accomplishment.
The four functions of business are all so important in a successful business. The planning, organizing, leading and controlling all lead to the employees and managements success and ensure that the job is completed by wasting as little resources and time as possible. Even in the military, there remains room for improvement when it comes to these four functions. What’s most important is that the four functions are practiced daily. With the daily practice and rehearsal,
Open Document