MANAGEMENT FUNCTIONS

Analyzing the Use of the Four Management Functions in Corporate Context

Analyzing the Use of the Four Management Functions in Corporate Context

Introduction

One of the first theorists to define functions of management was Henry Fayol. His book “Administration Industrielle et Generale” published in 1916 included the four functions of management namely planning, controlling, organizing and coordinating. Fayol stated that these functions were universally applicable, and managers used them on a daily basis. An understanding of the management goals via the basic four functions of management is essential to the success of a new business as well, in terms of employees and ...