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There are basically five primary functions of management. These are: 1. Planning. 2. Organizing. 3. Staffing. 4. Directing. 5. Controlling. The controlling function comprises coordination, reporting, and budgeting, and hence the controlling function can be broken into these three separate functions.
The management functions of planning, organizing, leading, and controlling are widely considered to be the best means of describing the manager’s job, as well as the best way to classify accumulated knowledge about the study of management.
According to George & Jerry, “There are four fundamental functions of management i.e. planning, organizing, actuating and controlling”. According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”.
Planning function of management involves following steps:- Establishment of objectives. Planning requires a systematic approach. Planning starts with the setting of goals and objectives to be achieved. Objectives provide a rationale for undertaking various activities as well as indicate direction of efforts.
Planning – The Four Functions of Management. 5 Planning. Learning Objectives. The purpose of this chapter is to: 1) Introduce the components of the planning process. 2) Identify the factors within the internal and external environments. 3) Provide tools that are used in planning.
Mar 4, 2024 · March 04, 2024. 7 MIN READ. Being or becoming a manager can feel like a daunting task in today’s business world. But if you look closely, everything a manager does falls under four key functions: Planning functions. Organizing functions. Leading functions. Controlling functions.
Jul 31, 2023 · There are four generally accepted functions of management: planning, organizing, leading and controlling. These functions work together in the creation, execution and realization of organizational goals. The four functions of management can be considered a process where each function builds on the previous function.
