Question

Explain the functions of Management.

Hint:

The effectiveness of management lies in the seamless execution of these four functions to achieve organizational success.

Answer 1

Management functions are the core activities that management performs to achieve organizational goals. These functions are: Step 1: Planning.
Planning is the first and foremost function of management. It involves defining goals, developing strategies to achieve those goals, and determining the best course of action.
Step 2: Organizing.
Organizing involves arranging resources, tasks, and activities to implement the plan. It includes allocating responsibilities, authority, and resources to different individuals or teams.
Step 3: Leading.
Leading involves motivating, directing, and influencing employees to achieve organizational goals. It is about creating a conducive work environment that encourages employees to perform their best.
Step 4: Controlling.
Controlling is the process of monitoring and evaluating progress towards achieving the goals. It involves comparing actual performance with planned performance and making adjustments as needed. Final Answer: The functions of management are planning, organizing, leading, and controlling. Each of these functions is essential for the success of any organization.