Learn the Basic Functions of Management in Business

Learn the Basic Functions of

MANAGEMENT in Business

There are mainly 4 basic functions of management in business:

PLANNING

CONTROLLING

ORGANIZING

LEADING

 The above functions work together in the creation, execution and realization of organizational goals.

 These functions of management can be considered a process where each function builds on the previous function.

 For being successful, management needs to follow all the functions of management in the proper order.

PLANNING

 The management is responsible for creating a plan to meet company goals and objectives.

 The plan involves allocating employee resources, setting realistic timelines and standards for completion.

PLANNING  Continuous communication and checking on team progress to make small adjustments for company's larger aims and goals.

 Planning also consists of working independently to determine and set priority levels for certain tasks.

ORGANIZING

 Along with planning, proper organizational skills ensure a company or organization runs smoothly.

 Organization means delegating tasks efficiently and making sure employees have what they need to accomplish their tasks.

ORGANIZING

 Reorganize in response to new challenges like adjusting the timeline for a project or reallocating tasks from one team to another.

 It could mean significantly altering a team's internal structure and roles in response to company growth.

LEADING

 The management's role is to command their team members for daily tasks and significant change or challenge.

 This involves projecting a strong sense of direction and leadership and communicating new processes.

LEADING

 Leadership includes recognizing when employees need an extra boost of reinforcement and praise to act decisively.

 Managers may function as leaders even during small personal interactions by modeling supportive, encouraging, and motivational qualities.

CONTROLLING  Controlling is the process of evaluating the execution of the plan and make adjustments to achieve the organizational goal.

 The managers need to perform tasks such as training employees as necessary and managing deadlines.

CONTROLLING

 Managers monitors employees and evaluate the quality of their work.

 Quality control in management is about making sure the ultimate goals of the business are being adequately met.

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