Four Functions of Management

Joseph Straub once wrote "Management is defined as the process of setting and achieving goals through the execution of four basic management functions that use human, financial, material, and informational resources" (Straub, 1994). The title each manager holds in an organization might be different; however, the role every manager takes on within a company is to lead their employees in a way that the organization is able to meet its objectives. A successful manager must also have the knowledge, expertise and ability to understand all of the effective concepts related to leadership. These…