"One man draws the wire, another straightens it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head. Ten men working in this manner can produce 48,000 pins in a single day, but if they had all wrought separately and independently, each might at best produce twenty pins in a day." - Smith, A. (2012). Wealth of Nations. Wordsworth Editions. The above statement portrays how management can improve the productivity of an organization. Using your own words, explain and elaborate on the FIVE (5) functions of management.