Good managers recognize their mistakes, are accountable for their actions, and are willing to change their thinking based on better information. Good managers continually analyze and evaluate situations and make the best decisions they can with the most current information available. They continue to learn how to combine their available resources to achieve their goals. Functions of Management Management may also be thought of as a set of functions that result in decisions. Directing- coaching that requires good communication.
Planning is something everyone does.
We usually think of it as setting goals for ourselves, and then working out a systematic process or set of actions to achieve those goals. We associate terms such as purpose, vision, mission, strategy, goal, objective and task with planning. Organizing can be thought of as the process of identifying or establishing jobs and positions, chain of command, channels of communication, and delegation of managerial authority within the organization. Organizing is also inventorying physical and financial resources, identifying skills and talents among employees, and physically arraying these resources for efficient use. Organizing and planning are closely related in the firm's management.