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Functions of Management Four Functions of Management The traditional functions of management and fundamental management practices is challenged by a new way of doing business in an Internet era that has transformed the way organizations conduct business. The management process consists of four functions planning, organizing, leading and controlling (Bateman & Snell, 2004). The definitions of the management process remain unchanged while the business world continues to grow and change. While new approaches are required to be competitive in a global marketplace, the four management functions that have made successful companies succeed remain relevant, useful, and adaptable in a new era business environment. The following is an analysis of each function, and how each is applied in my organization. The four functions of management are planning, organizing, leading, and controlling. Planning consists of identifying and specifying goals to be achieved, and deciding...

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