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Essay text:
Since the turn of the century, many approaches have been defined and implemented. Much of what is in use today has it's roots on these past approaches. The current model for success defines four basic functions of management as described below.
Planning
The first function of management, planning, can be defined as specifying the goals that need to be achieved and the actions required to meet those goals. Planning is often cited as the most important function management can perform. For without a direction, how can managers know where to lead or what to control? While planning is indeed critical, an organization that excels in only this function is doomed to fail...
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