Business Studies, asked by ainjoeg, 10 hours ago

identify the functions of management and briefly explain about it ?​

Answers

Answered by VarnikaVarthika
0

Answer:

Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling. 1 Consider what each of these functions entails, as well as how each may look in action.

Answered by rupa8bkvadr2
2

Answer: There are 4 functions of management :

  1. Planning
  2. Organizing
  3. Leading
  4. Controlling
  • Explanation:
  • 1. Planning :  Planning is future-oriented and determines an organization direction . It is a rational and systematic way of making decisions today that will affect the future of the company . It is a kind of organized foresight as well as corrective hindsight . It involves predicting of future as well as attempting to control the events . It involves the ability to foresee the effects of current actions in the long run in the future .
  • 2. Organizing : Organizing requires a formal structure of authority and the direction and flow of such authority through which work subdivisions are defined , arranged and coordinated so that each part relates to the other part in a united and coherent manner so as to attain the prescribed objectives .
  • 3.Leading : Nearly everything that is accomplished in a organization is done by people . The best planning and organizing will not  be effective if the people in the organization are not willing to support  the plan . Leaders use knowledge , character , and charisma to generate enthusiasm and inspire effort to achieve goals . Leaders inspire people to support plans , creating belief and commitment . Leadership and management skills are not the same , but they can and do appear in the most effective peoples .
  • 4. Controlling : There is a well known military saying that says no battle plan survives contact with the enemy . This implies that planning is necessary for making preparations , but when it's time to implement the plan , everything will not go as planned . Unexpected  things will happen . Observing and responding  to what actually happens is called controlling . Controlling is the process of monitoring activities , measuring performance , comparing results to objectives , and making modifications and corrections when needed .

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