Key Management Functions and Environmental Analysis
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Management Functions: Planning, Organization, Direction, and Control
Planning
The process of defining goals and objectives with their respective strategies for action to develop the activities to achieve them.
If there is no fixed course plan of the organization, these are some planning activities:
- Analysis of current situations.
- Anticipating the future.
- Targeting.
- The decision of such activities.
- The choice of corporate and business strategies.
- The identification of resources needed to achieve the goals of the organization.
Organization
Involves designing the most appropriate structure to carry out the plans.
- This function determines:
- Measures to be implemented,
- How to group,
- Who performs, and
- Clearly stated positions and hierarchies within the organization.