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There are four basic functions of Management. These are:
- Planning: Planning relates to decisions on about the present and the future. It relates to how resources should be efficiently allocated.
- Leading: Leading deals with proper communication of goals and plans and motivating the employees to achieve them.
- Organizing: In this function, managers have to decide the optimum usage of resources.
-Controlling: Keeping a check on the progress of plans and performance.
Apart from these four functions, Staffing is also considered a main function of management.
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Managers can lead the organization to success through their functions. Managerial
Functions are to be performed by the managers effectively and efficiently.
The functions are:
Planning – Selecting future courses of action and deciding how to achieve the desired
results.
Eg:- Determining resources needed, developing work shedules and setting
performance objectives.
Organizing – Deciding what activities are needed to reach goals and dividing human
human
Functions are to be performed by the managers effectively and efficiently.
The functions are:
Planning – Selecting future courses of action and deciding how to achieve the desired
results.
Eg:- Determining resources needed, developing work shedules and setting
performance objectives.
Organizing – Deciding what activities are needed to reach goals and dividing human
human
Planning, Organizing, Staffing, Directing and Controlling cannot be implemented without proper organization.
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