2 Jun 2022


Distinguishing Among the Four Functions of Management

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 301

Pages: 1

Downloads: 0

Planning entails mapping exactly how to achieve specific organizational goals and objectives (Carpenter, et al., 2010). Some of the processes that may or may not be affected based upon the functions of planning are recruitment and retrenchment, marketing, and product development.

In terms of recruitment and retrenchment of workers, planning decides when and who to hire or retrench. For instance, during periods of economic recession, the management may decide to retrench some of the workforces as a way of mitigating the reduced profits. Additionally, based on the goals of the organization, planning informs the management what type of skills that the workers need (Carpenter et al., 2010). This means that planning influences employee development as well.

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

Secondly, planning may affect marketing both positively and negatively. For instance, during planning, the management may come to the realization that there is no much money to be spent on marketing, advertisement, branding, and product promotion. In this case, all the marketing efforts are halted or reduced. On the other hand, the management may capitalize on marketing as a way of maximizing profits, for example, by engaging in product promotion. Product promotion refers to raising the customer's awareness of a brand or product thereby increasing sales and creating brand loyalty (Carpenter et al., 2010). It can do this by employing more sale persons and electing more billboards.

The other process that may be affected by planning is product development. Product development entails a series of actions that include design, conceptualization, development, and marketing of newly manufactured products (Carpenter et al., 2010). All these activities require finances which can only be set aside by the management during the planning stage. For example, for a company to develop a new product, research is mandatory. This means that if no money is set aside for research, the entire process of product development may be halted.

In conclusion, planning is deemed as the most important function of the management. The management makes all crucial decision during the planning stage. For example, the managers decide on the amount of money to be spent on marketing, recruitment and employee development, and product development.


Carpenter, M., Bauer, T., & Erdogan, B. (2010). Principles of management (Version 1.1). Washington, DC: Flat World Knowledge, Inc.

Cite this page

Select style:


StudyBounty. (2023, September 16). Distinguishing Among the Four Functions of Management.


Related essays

We post free essay examples for college on a regular basis. Stay in the know!

Ford Motors: Board Presentation For Electric and Hybrid cars Production

Executive Summary The motor vehicle industry in America and worldwide is highly competitive with major players no longer enjoying the dominance that they had had before. Innovation and identification of trends...

Words: 1088

Pages: 4

Views: 103

Home Remodel Project Plan

Project Overview Home remodeling is one of the notable key projects undertake through project management, as a project manager is expected to come up with a clear plan that would help in meeting the expected...

Words: 2152

Pages: 8

Views: 42

How Airbnb Achieved Success

Hospitality industry includes firms that provide lodging and dining services for customers. Many of the businesses in the travel and hospitality industry offer customers with prepared meals, accommodation, snacks,...

Words: 906

Pages: 3

Views: 38

Product and Target Market Planning

Product Concept Tesla Model S is an all wheel drive sedan that was introduced to the market in October 2014. The model is faster than its predecessors and can accelerate from zero to sixty miles in an hour in...

Words: 614

Pages: 2

Views: 338

Financial Management Cycle

Financial management is crucial to effectively oversee organizational operations because the process facilitates the monitoring and evaluation of corporate activities and budgets. Corporations have a constant cash...

Words: 369

Pages: 1

Views: 179

Marketing Plan for Speedy Delivery: a company that offers delivery services to other corporations and organizations

1.0 Executive Summary Speedy delivery is a company that offers delivery services to other corporations and organizations. The company provides fast and high-quality services to consumers. Some of the delivery...

Words: 2537

Pages: 13

Views: 72


Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.