Priyanka Sharma

Business Data Processing Priyanka Sharma

Management is creative problem solving. This creative problem solving is accomplished through four functions of management: planning, organizing, leading and controlling. The intended result is the use of an organization's resources in a way that accomplishes its mission and objectives. A manager must organize these functions in order to reach company goals and maintain a competitive advantage. Putting these plans into action requires forming groups as underlings must be directed to complete the plan, and the plan's development must be directed by control. In order for these practices to succeed in an operational manner, an understanding must be reached concerning the basics in which these practices are in relationship to the business structure. Planning is the ongoing process of developing the business' mission and objectives and determining how they will be accomplished. Planning includes both the broadest view of the organization, e.g., its mission, and the narrowest, e.g., a tactic for accomplishing a specific goal.