According to www.dictionary.com, innovation is the act of starting something for the first time or introducing something new (WordNet, 2003). Verizon Wireless has been a prime example of a company that has plenty of innovation and readily uses the four functions of management. "Mobile-computing pioneer Palm has licensed the Microsoft Windows Mobile operating system for an expanded line of Treo smartphones, the first of which will be available on Verizon Wireless' national wireless broadband network" (www.verizonwireless.com, 2005). This statement was just released on September 26, 2005. Verizon wireless is constantly introducing a new product and growing in the business world.
Planning is the first of the four functions of management. Planning requires making decisions for the company in order to advance and grow. Planning also requires figuring out what goals the company has and wants to conquer in the future. …
