Management consists of four traditional functions that have remained unchanged over time and are still relevant today. Each function extends into the next, starting with planning. Once plans have been made and goals set, the company needs to be organized in a way that makes reaching those goals attainable. It is during the organizational function of management that the structure, or chain of command, is established for the company. This structure forms the foundation for the company and may vary, depending on the type of industry (Bateman & Snell, 2011).