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Commonly known and accepted throughout the business world, as well as the academic community, these four primary functions are: planning, organizing, leading and controlling.
Management can be summed up as a collaborative effort of people and resources, with a hierarchy of leadership and subordinates, working together to achieve a common end. According to T. Bateman and S. Snell (2007), the four functions of management can be defined as this: "Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue these goals. Organizing is assembling and coordinating human, financial, physical, informational, and other resources needed to achieve goals...
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