WHat are the four functions of managment

Business & Finance
Tutor: None Selected Time limit: 1 Day

 a paper that analyzes the role of a manager within the functional areas of business:

Required elements:

  • No more than 1,050-words
  • Two articles, including at least one peer-reviewed article, from the University Library cited in your paper to support your writing

Format your paper consistent with APA guidelines.

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Jun 18th, 2015

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Planning

This is the first management function and it is a very important area of all the four functions of management. This is the core foundation of management from which other management functions are derived and built. Planning requires the management of an organization to do thorough evaluation of the current state of the company and where the company will be in future. It involves setting goals and objectives to be achieved by an organization within a specified duration .During the planning process,  management evaluates both internal and external factor s that affect the company.

Organizing

This is the second function of management.  It requires management to organize all the available resources in an organization towards the achievement of the set goals and objectives set during the planning stage. This stage helps management to be able to organize resources in the best way, organize human resource and other factors within the organization for it to achieve the set goals. Organizing helps management to determine the internal structure of the company and the best way in which achieve good results.

Directing

This is the third function of management. Directing helps management to monitor staff and direct resources to influence the conduct of staff to work towards achieving the goals of the organization. Directing also assists management to help employees in accomplishing their career objectives and being part of the organization. Directing needs effective communication and building of positive interpersonal relationship s between management and staff.

Controlling

This is the last stage of function of management. It includes setting and establishing standards to be achieved within the organization. It also involves evaluation of results in comparison with the set standards and incase of any variations, it helps management to come up with the appropriate measures.

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Jun 18th, 2015

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