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In this stage companies need to determine the plan of action for their goal, the steps they will take to obtain it, and the resources they have at hand. In present day, companies have described this process as "delivering strategic value" (Bateman, Thomas & Snell, Scott, 2004). Generally, this means that managers think of the plan and the ways in which employees can carry out the plan of action. Managers need to use their brains to determine what it is that consumers are looking for and how can they surpass the competition. This proves to be one of the most important factors of management.
The second function of management is organizing...
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