Explain in scholarly detail how important is the MANAGEMENT FUNCTION- Essay

Explain in scholarly detail how important is the MANAGEMENT FUNCTION- to individuals and to society - Essay Example Having determined the cause-effect relationship between the success of a company and the society, importance of the role of a manager in making both successful can be assessed. A company achieves its goals through the efficiency of a manager. The manager makes use of four fundamental functions to make this happen, namely planning, organizing, leading and controlling. â€Å"A firm with excellent goals could still fail miserably by being inefficient, meaning that the company hired the wrong people, lost key contributors, relied on outdated technology, and made poor investment decisions† (Certo and Certo, 2008). That is why managers serve as the drivers of success because they plan the way projects would be executed, they recruit people, they assign workers their roles and responsibilities and supervise them with a view to ensuring that they are on the right track and giving their best. So management function is extremely important to both the individuals and the