How do the four functions of management affect organizational success? Which function of management do you think is the most important? Why?
These functions are: planning, organizing, leading and controlling. Planning is the first step in any management process. The current situation has to be reviewed and an objective for the future has to be set. [ Next a plan has to be devised to explain how the objectives can be achieved. This needs to take into account human and monetary resources, time and constraints.
It is not uncommon that
a lack of planning results in the failure of a campaign or project. A plan ensures that there is some level of focus on the activity and all stakeholders know what they can expect and when they can expect it. Without a plan nobody will notice if timings are no longer adhered to and the project gets delayed or too expensive to be beneficial. Not planning can result in expensive deviations and failures. ]
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