(Instructor’s Name)
BUSN 101
The primary challenge in business and management is to solve problems, make decisions and formulate plans and strategies creatively. In order to solve this puzzle principles of management have been categorized into four functions; Planning, Organizing, Leading and controlling, or POLC (NidhiChoudhary, 2012). The POLC framework provides the fundamental skills of management required for a business to reach a high executive level (Der Foo and Tan, 2002). These elements and how the parts they play in benefiting a business are discussed below:
Planning involves setting objectives and determining the policies and procedures of achieving these ...