Important elements of management
Using any of the popular business periodicals (e.g., BusinessWeek, Fortune, The Wall Street Journal, or Fast Company), find four examples in which managers perform each of the four management functions that comprise the 4 functions approach presented in Chapter 1 of the textbook. Briefly describe each example and explain how it exemplifies a particular function. Based on your examples, evaluate the 4 functions approach as a model for the study and practice of management. What are the strengths and limits of the 4 functions approach? Do you see any important elements of management that the 4 functions approach fails to capture?