The four management functions are as follows: 1) Planning, 2) Organizing, 3) Leading, and 4) Controlling.
1) Planning—Planning includes the steps necessary to be taken to formulate and create a concrete plan aimed towards goal that benefits the organization overall.
2) Organizing—Organizing includes the steps necessary to be taken to accumulate and distribute company resources in accordance with the aforementioned plan. This would also include the delegation of tasks to employees.
3) Leading—Leading includes the interpersonal interactions necessary to form solid relationships between manager and employee. This includes communication, motivational speech, encouragement, critiques, and so on.
4) Controlling—Controlling involves a comparison between the goals that were set and the actual results in relation to those goals. If the goals are not met, changes may be needed to be made within the company. These include promotions, demotions, firings, and so on.
Every one of these functions is related due to the fact that each function is geared toward the creation and completion of company goals. Managers have a responsibility to oversee employee behavior in order to ensure that the company is always progressing in a linear manner. Each function is reliant upon the other functions as a means to produce and maintain positive behavior within the company. Managers must make plans, organize according to these plans, lead the company towards the completion of these plans, then control the workplace environment in accordance with performance. Each function is interrelated.