Learn the Basic Functions of Management in Business

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Learn the Basic Functions of MANAGEMENT in
Business
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There are mainly 4 basic functions of management
in business
PLANNING
ORGANIZING
LEADING
CONTROLLING
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• 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.

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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.

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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.

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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.

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ORGANIZING

• Reorganize in response to new challenges like
  adjusting the timeline for a project or
  re-allocating tasks from one team to another.

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

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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.

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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.

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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.

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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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