Question

approach and discuss how the four functions of management (planning, organizing, leading and controlling) can be leveraged within in their suggested approach." Now knowing how each are defined, how can the concepts be used together?

Answer 1

Management is the process of dealing and managing resoruces in specific like people, process, materials and so on. Hence the basic functions of management includes:

• Planning- is a future course of action, focused on what to do, how to do, when to do and what we need to have to accomplish those.
• Organizing: is the process of arranging and rearranging all inputs related to a work or task. If we want to achieve something, we need to balance all the resources and utilize them in optimum way to provide better results. It is the process of integrating and bringing together physical, financial and human resources.
• Leading: in this, managers drive all the forces towards the objective of the organization, without fail.
• Controlling: Is the process of assessing the actual outcomes with planned. In this, managers consider the targets and objectives, and measure with their actual results.

Now, all these together helps a firm to proceed further. A firm establishes with some objectives, and prepare strategies to achieve those objectives, is called as planning. All the resources must be arranged in a specific way to achieve the targets is called organizing. Next, all the resoruces must be integrated and derive towards the targets. Some activites go faster than planned, some may delay in the process. Hence, it is the responsibility of people to balance all these for smooth functioning of the firm.