The document outlines the four main managerial functions: planning, organizing, leading, and controlling. It describes how a manager would plan to build a new nanotechnology department over the next year by mapping out steps, organizing resources and roles, leading and motivating employees, and controlling results against goals to ensure corrective actions are taken if needed. Planning involves creating a detailed action plan to achieve organizational goals, while organizing distributes resources and roles. Leading connects with employees through communication and motivation. Controlling evaluates results against goals and implements corrections if goals are not met.