For a manager to be able to utilize organizational resources effectively and build a competitive advantage, they must first be able to have some type of assurance that their plan might actually work. In order to test that, the four functions are used which include; planning, organizing, leading, and controlling.
A manager should be able to utilize resources and build a competitive advantage they should be able to have some type of assurance
Planning- Choosing appropriate goals and actions for the organizations.
Organizing – Managers establish the structure of working relationships that allow organizational members to interact or cooperate to achieve organizational goals. It involves grouping people into departments according to the task they perform. Managers need to lay out lines of authority and responsibility between groups of people and decide how to coordinate organizational resources.
Leading- Managers determine direction, vision, and energize employees so that they can play a part in achieving goals. Leadership involves using influence, power, persuasion, vision, and communication skills to coordinate the behaviors of individuals.
Controlling- Managers evaluate how well an organization is achieving its goals and take corrective action to improve performance. It allows managers to evaluate how well they are performing the three functions of management.
a) When it comes to planning, the person in charge must be able to both choose an appropriate goal as well as the best course of action to be successful and achieve that goal.
b) When organizing make sure the task is in fact established and have authority relationships that allow people to work together
c) Leading a group of people is never easy and even those who say that it is, are lying unless they’ve had years of experience and even then it still isn’t easy.
d) Controlling the process and goal will establish accurate measuring and the monitor systems will be able to see...