The Four Functions of Management

Organizations have several things in common, they consist of people with formally assigned roles who must work together to achieve stated goals. They need not be just business firms, but do also consist of nonprofits, governments, and colleges. In any organization the entrepreneur must engage in supervision and management to achieve goals of the organization. A manager would hire the employees, ensure they are properly trained and know what to do, ensure that employees work together, and monitor whether the employees are doing their share to reach the goals of the organization. The bas…