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So what are the steps involved in these four functions of management and how do they play a part in an organization? This paper will look at the various components of the four functions of management and how they apply to the organization I am currently employed by: Wells Fargo Bank.
Planning
Planning is the first function of management. During this process an organization will set specific goals it wishes to achieve and decide how the company desires to go about reaching those set goals. They design a strategy of actions necessary to accomplish an organization's specified target.
The planning function includes numerous activities that need to be completed...
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