Business Policy and Strategy #2
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Business Policy and Strategy (SMUnit 2 of 4-4) INSTRUCTIONS:
Identify the five basic functions of management, and describe each function. Briefly describe how such functions are used in the context of internal analysis. Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
CONTENT:
BBA 4951, Business Policy and Strategy- SMUNIT 2 of 4-Management FunctionsNameCourseInstructorDateThe basic functions of management include planning, organizing, motivating, staffing and controlling (Kreitner, 2006). Planning relates to setting objectives and using strategies to achieve these objectives. Thus, the internal analysis of an organization is crucial as it highlights on organizational strength and weaknesses. Organizations choose the best course of action among competing alternatives in achieving objectives.Organizing entails bringing together financial, physical and human resources in order to accomplish organizational objectives through an organizational structure (Kreitner, 2006). Thus, organizing should meet o...
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