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Functions of Management

The four basic functions of management are planning, organizing, leading, and controlling. Planning involves setting goals and determining how to achieve them. Organizing is assembling resources like people and allocating roles. Leading involves motivating and directing people. Controlling monitors progress and measures performance against standards to identify areas for correction. These four continuous and interconnected functions provide a framework to help managers solve problems systematically.

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79 views

Functions of Management

The four basic functions of management are planning, organizing, leading, and controlling. Planning involves setting goals and determining how to achieve them. Organizing is assembling resources like people and allocating roles. Leading involves motivating and directing people. Controlling monitors progress and measures performance against standards to identify areas for correction. These four continuous and interconnected functions provide a framework to help managers solve problems systematically.

Uploaded by

nicole
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Functions of Management

Date Feb 22, 2020


Type/No. Homework 1
References
https://2012books.lardbucket.org/books/management-principles-v1.1/s05 04
planning-organizing-leading-an.html
https://iedunote.com/function-of-management-process

Basic Functions of Management:


Planning
Organizing
Leading
Controlling

The functions of management is a methodical process which aids managers in


solving problems. This four-step continuous operation is known as the P O L C
framework, further defined as Planning, Organizing, Leading, and Controlling.

In a nutshell, the process starts at managers creating a plan, then organizing the
resources in accordance to the plan, then lead employees to fulfill the tasks under
the plan, and finally control the whole process by monitoring and measuring how
effective the plan is.

Functions of Management 1
To have a deeper understanding on the four functions, let us explain each
function further.
1. Planning
To plan means to make decisions in relation to the objectives, and setting the
future course of action from a group of alternatives to reach the said goals.
In order to determine the correct course of action, managers must be aware
of environmental conditions that their organization might face in the future.
In simpler terms, it is selecting goals and deciding which paths to tak e in
order to achieve the goals set. whilst taking the environmental conditions into
consideration. Planning also helps maintain managerial effectiveness as it
works as a guide for the employees for future activities. Planning and
decision making come hand in hand in this process. As managers, it is
required to have an ability to foresee, visualize, and look ahead purposefully.

Functions of Management 2
Some of the different types of planning are:
Strategic Planning
This is a long time frame planning which involves analyzing competitive
opportunities and threats, as well as the strengths and weaknesses of the
organization, and then determining how to position the organization to
compete effectively in their environment.
Tactical Planning
This is an intermediate-range (one to three years) planning that is
designed to develop relatively concrete and specific means to implement
the strategic plan.
Operational Planning
This generally assumes the existence of organization-wide or subunit
goals and objectives and specifies ways to achieve them

2. Organizing
After planning, the manager organizes human resources and other resources
to reach the set goals, thereby moving the plans closer to realization. In this
part of the process, the manager designates the roles of the employees to fill
in the organization. It is important that the tasks are assigned to the right
people. Having a well-designed organization structure creates a great
environment fit for better employee performance.

3. Leading
Leading is influencing or prompting the member of the organization to work
together with the interest of the organization. It is required as it helps to
serve the objective of effectiveness and efficiency by changing the behavior
of the employees. To be a leader, one must be able to direct, motivate,
communicate, and coordinate with their members. Efficient managers must
be effective leaders.

Functions of Management 3
4. Controlling
To control means to monitor the progress of the organization towards the
fulfillment of its goals. Controlling is measuring, comparing, finding deviation
and correcting the activities of the organization. The measurement of
performance can be done in several ways, depending on the performance
standards, including financial statements, sales reports, production results,
customer satisfaction, and formal performance appraisals.

Controlling consists of three steps, which include


1 establishing performance standards,
2 comparing actual performance against standards, and
3 taking corrective action when necessary.

Functions of Management 4

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