Question

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Explain the functions of management in brief?
100- 150 words

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Answer 1

Answer:

Management is the process of guiding the development, maintenance, and allocation of resources to attain organizational goals. Managers are the people in the organization responsible for developing and carrying out this management process. Management is dynamic by nature and evolves to meet needs and constraints in the organization’s internal and external environments. In a global marketplace where the rate of change is rapidly increasing, flexibility and adaptability are crucial to the managerial process. This process is based in four key functional areas of the organization: planning, organizing, leading, and controlling. Although these activities are discussed separately in the chapter, they actually form a tightly integrated cycle of thoughts and actions.

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Answer 2

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$\implies$“ᴍᴀɴᴀɢᴇᴍᴇɴᴛ ɪꜱ ᴀ ꜱᴇᴛ ᴏꜰ ᴘʀɪɴᴄɪᴘʟᴇꜱ ʀᴇʟᴀᴛɪɴɢ ᴛᴏ ᴛʜᴇ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴏꜰ ᴘʟᴀɴɴɪɴɢ, ᴏʀɢᴀɴɪᴢɪɴɢ, ᴅɪʀᴇᴄᴛɪɴɢ, ᴀɴᴅ ᴄᴏɴᴛʀᴏʟʟɪɴɢ, ᴀɴᴅ ᴛʜᴇ ᴀᴘᴘʟɪᴄᴀᴛɪᴏɴꜱ ᴏꜰ ᴛʜᴇꜱᴇ ᴘʀɪɴᴄɪᴘʟᴇꜱ ɪɴ ʜᴀʀɴᴇꜱꜱɪɴɢ ᴘʜʏꜱɪᴄᴀʟ, ꜰɪɴᴀɴᴄɪᴀʟ, ʜᴜᴍᴀɴ, ᴀɴᴅ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴᴀʟ ʀᴇꜱᴏᴜʀᴄᴇꜱ ᴇꜰꜰɪᴄɪᴇɴᴛʟʏ ᴀɴᴅ ᴇꜰꜰᴇᴄᴛɪᴠᴇʟʏ ᴛᴏ ᴀᴄʜɪᴇᴠᴇ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴᴀʟ ɢᴏᴀʟꜱ”.

◇ ɪᴛ ɪꜱ ᴛʜᴇ ʀᴇꜱᴘᴏɴꜱɪʙɪʟɪᴛʏ ᴏꜰ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ ᴛᴏ ꜱᴇᴇ ᴛʜᴀᴛ ᴇꜱꜱᴇɴᴛɪᴀʟ ᴀᴄᴛɪᴠɪᴛɪᴇꜱ ᴀʀᴇ ᴅᴏɴᴇ ᴇꜰꜰɪᴄɪᴇɴᴛʟʏ (ɪɴ ᴛʜᴇ ʙᴇꜱᴛ ᴘᴏꜱꜱɪʙʟᴇ ᴡᴀʏ) ᴀɴᴅ ᴇꜰꜰᴇᴄᴛɪᴠᴇʟʏ (ᴅᴏɪɴɢ ᴛʜᴇ ʀɪɢʜᴛ ᴛʜɪɴɢ). ᴛʜᴇ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ ᴘʀᴏᴄᴇꜱꜱ ᴄᴏɴꜱɪꜱᴛꜱ ᴏꜰ ꜰᴏᴜʀ ᴘʀɪᴍᴀʀʏ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴛʜᴀᴛ ᴍᴀɴᴀɢᴇʀꜱ ᴍᴜꜱᴛ ᴘᴇʀꜰᴏʀᴍ: ᴘʟᴀɴɴɪɴɢ, ᴏʀɢᴀɴɪᴢɪɴɢ, ʟᴇᴀᴅɪɴɢ, ᴀɴᴅ ᴄᴏɴᴛʀᴏʟʟɪɴɢ.

◇ 7 ꜰᴜɴᴄᴛɪᴏɴꜱ ᴏꜰ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ: ᴘʟᴀɴɴɪɴɢ, ᴏʀɢᴀɴɪꜱɪɴɢ, ꜱᴛᴀꜰꜰɪɴɢ, ᴅɪʀᴇᴄᴛɪɴɢ, ᴄᴏɴᴛʀᴏʟʟɪɴɢ, ᴄᴏ-ᴏʀᴅɪɴᴀᴛɪᴏɴ ᴀɴᴅ ᴄᴏ-ᴏᴘᴇʀᴀᴛɪᴏɴ.

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