Question

Explain briefly functions of Management.

Hint:

Effective management is a dynamic process that requires constant planning, organizing, leading, and controlling to ensure the organization meets its goals.

Answer 1

Management involves coordinating and overseeing the activities of an organization to achieve its goals. The key functions of management are:
1. Planning: This involves setting objectives and determining the best course of action to achieve those objectives. Effective planning ensures that resources are used efficiently and that goals are met on time.
2. Organizing: This function involves arranging resources, tasks, and people in a way that supports the execution of the plan. Organizing includes determining what tasks need to be done, who will do them, how the tasks will be carried out, and who will report to whom.
3. Leading: Leading involves motivating and directing the team to achieve the goals set during the planning stage. This includes providing guidance, resolving conflicts, and ensuring that everyone is working towards a common objective.
4. Controlling: This function involves monitoring progress and making adjustments as needed to ensure that the organization’s goals are being met. Controlling includes setting performance standards, comparing actual performance with these standards, and taking corrective actions when necessary.