Discuss the Four Functions of Management

question 16

Essay

Discuss the four functions of management. Provide an example of each.

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Definitions:

Functional Conflict

A conflict that supports the goals of a group, improves its performance, and is therefore considered positive.

Equally Attractive

Describes alternatives or options that are perceived to have similar levels of desirability or benefits, making the choice between them challenging.

Bargaining Zone

The range between one party’s minimum reservation point and the other party’s maximum.

Reservation Point

In negotiation, the least favorable point at which one will accept a deal, beyond which the negotiation will be aborted or continued efforts for a better deal pursued.