What are the functions of management? Explain with illustrations.

The functions of management and why they’re important:--

Planning

Planning is an important function of management because it sets the pace for all subsequent steps in the managerial process. You need to develop a roadmap for the future—predefined steps—to accomplish organizational goals. In this step, you’ll have to evaluate methods and strategies to determine how you’ll progress toward your goal.

You may have to look at how things were done in the past to make any adjustments to mitigate errors. You have to consider both internal factors—people, time and cost—and external factors—competitors, policies and general ___ ____ ______ ______ _____ ____ _________ ___.
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