This is the first of two articles looking at policy management. It focuses on basic policy management principles, while the second will look at a number of specific issues with which the managers ...

Originally, there were five management functions, but management book authors have condensed them to four: planning, organizing, leading and controlling. The fifth function was staffing.

For businesses, a big part of the planning function of management is deciding which course of action is best suited to achieving the business's goals. Planning is a preparatory step, which means ...