
The For Basic Functions of Management Before we can lead the people and the organization to a better place, we must first understand the basic functions of management. The four functions of management are a theory defined by Henry Fayor (1841-1925) and they include the four functions that any manager should perform to keep the people and the organization on the right track. These managerial functions are planning, organizing, leading and controlling. The first function of management is planning. The process in which you develop the organizational goals and determine how they will be achieved. Creating and implementing a vision, establishing a mission statement, and setting and monitoring goals and objectives are all important components of the planning process. For example, a manager of a retail store will need to have a merchandising plan, a marketing plan, and an employee plan. The second function of management is organizing. A manager is responsible for organizing the people an...