Functions of Management Notes
Definition of Management:
Management is the process of planning, organizing, leading, and controlling resources to
achieve organizational objectives efficiently.
Functions of Management:
Functions of Management are the basic activities managers perform to run an organization
effectively.
The four main functions are:
1. Planning
2. Organizing
3. Leading
4. Controlling
1. Planning:
Planning is deciding in advance:
•What to do
•How to do it
•When to do it
•Who will do it
Importance:
, •Helps achieve goals
•Reduces uncertainty
•Improves decision-making
Example:
Creating a business strategy for increasing sales.
2. Organizing:
Organizing involves arranging:
•Resources
•Tasks
•Employees
to achieve objectives efficiently.
Activities:
•Assigning duties
•Dividing work
•Establishing authority
Importance:
•Improves coordination
•Avoids confusion
3. Leading:
Leading means guiding and motivating employees to achieve organizational goals.
Definition of Management:
Management is the process of planning, organizing, leading, and controlling resources to
achieve organizational objectives efficiently.
Functions of Management:
Functions of Management are the basic activities managers perform to run an organization
effectively.
The four main functions are:
1. Planning
2. Organizing
3. Leading
4. Controlling
1. Planning:
Planning is deciding in advance:
•What to do
•How to do it
•When to do it
•Who will do it
Importance:
, •Helps achieve goals
•Reduces uncertainty
•Improves decision-making
Example:
Creating a business strategy for increasing sales.
2. Organizing:
Organizing involves arranging:
•Resources
•Tasks
•Employees
to achieve objectives efficiently.
Activities:
•Assigning duties
•Dividing work
•Establishing authority
Importance:
•Improves coordination
•Avoids confusion
3. Leading:
Leading means guiding and motivating employees to achieve organizational goals.
