Learn the Basic Functions of
MANAGEMENT in Business
There are mainly 4 basic functions of management in business:
PLANNING
CONTROLLING
ORGANIZING
LEADING
The above functions work together in the creation, execution and realization of organizational goals.
These functions of management can be considered a process where each function builds on the previous function.
For being successful, management needs to follow all the functions of management in the proper order.
PLANNING
 The management is responsible for creating a plan to meet company goals and objectives.
 The plan involves allocating employee resources, setting realistic timelines and standards for completion.
PLANNING  Continuous communication and checking on team progress to make small adjustments for company's larger aims and goals.
 Planning also consists of working independently to determine and set priority levels for certain tasks.
ORGANIZING
 Along with planning, proper organizational skills ensure a company or organization runs smoothly.
 Organization means delegating tasks efficiently and making sure employees have what they need to accomplish their tasks.
ORGANIZING
 Reorganize in response to new challenges like adjusting the timeline for a project or reallocating tasks from one team to another.
 It could mean significantly altering a team's internal structure and roles in response to company growth.
LEADING
 The management's role is to command their team members for daily tasks and significant change or challenge.
 This involves projecting a strong sense of direction and leadership and communicating new processes.
LEADING
 Leadership includes recognizing when employees need an extra boost of reinforcement and praise to act decisively.
 Managers may function as leaders even during small personal interactions by modeling supportive, encouraging, and motivational qualities.
CONTROLLING  Controlling is the process of evaluating the execution of the plan and make adjustments to achieve the organizational goal.
 The managers need to perform tasks such as training employees as necessary and managing deadlines.
CONTROLLING
 Managers monitors employees and evaluate the quality of their work.
 Quality control in management is about making sure the ultimate goals of the business are being adequately met.
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