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Essay / Research Paper Abstract
This 5 page paper looks at the four functions of management; planning, organizing, leading and controlling, defines each of the functions and applies them to the real estate business. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEmanreal.rtf
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Unformatted sample text from the term paper:
industry may be considered. The four functions are planning, organizing, leading and controlling. Planning The role of planning in any business is essential, to be successful a business need
to be managed with the knowledge of where it wants to be, the way it wants to compete and the way that the objectives will be reached, in the case
of a real estate business it maybe to plan to sell more properties and to gain a good price for them. As well as planning the way the organization will
compete, such as with the use of differentiation for the services offered. However, planning is not just as activity for the senior
management in determining strategy, it may be seen throughout all levels of an organisation. The strategy, once decided does not self implement, plans need to be developed at all levels,
from the long term step by step plans to implement the strategy to the lower levels planning, such as the scheduling of staff and the issue such as HRM policies
and how budgets are going to be met. To consider the way planning takes place at all levels the process itself and the approaches can be examined. The traditional
approach to planning has been the use of linear models, where there is a clear demarcation between strategy formulation and implementation. This also matches the hierarchical organisation structures where there
are formal lines of communication through the ranks. However, to consider strategy formulation apart from implementations may be to devalue the potential of synergy.
If we look at a definition of strategy in business terms in the English dictionary it is stated as "A plan of action or policy in business or politics"
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