You will prepare and submit a term paper on Principles of Management. Your paper should be a minimum of 2000 words in length.

You will prepare and submit a term paper on Principles of Management. Your paper should be a minimum of 2000 words in length. With the evolution of management thought over the years there were different contributions to the management thought and those in the process have created several definitions of management. Among them the most modern and simplest definition of management is that - management is the process of Planning, Organizing, Leading and Controlling the organizational members and organizational resources to achieve some stated or pre-determined goal (“Management”, n.p.).

Now it has become a quite common practice to define management in terms of the above four words which are referred to as the four functions, rather four pillars of management. These four pillars in a harmonic action help us to achieve our goal. Commonly management is always referred to as a process meaning that is an ongoing continuous, systematic way to doing things. To achieve our objectives the four functions of management: Planning, Organizing, Leading and Controlling have to be carried out on an ongoing systematic way for some period of time depending on the type of objective. These four pillars of management have become even more significant with the current process of working in project mode. A project can only be successful when the dangers or problems can be predicted beforehand and the project can accordingly be planned, organized and controlled by the efficient project leaders (Lock, 1).

A plan is a blueprint for goal achievement that specifies the necessary resource allocations, schedules, tasks, and other actions and the goal is the desired future state that an organizes attempts to realize (“Defining Planning”, n.p.). Planning is all about the logical and systematic thought process that is based entirely on the real world. Any kind of hunch or clumsiness should be avoided in plan formation. Planning should be carried out in a manner that it can produce a realistic picture of our desired future.

The process of planning involves both the determination&nbsp.of the goals of the organization and the definition of the means to achieve the goals.&nbsp.