In one sentence each, describe the five basic management tasks.

Expert Solution

The five basic management tasks are described below:

Planning is the first task of the management. It involves evaluating the future condition in the economy and business environment to devise an expected path for the firm. It is futuristic and incorporates a great deal of uncertainty.
Organising is managing the firm to achieving the plan or the targeted goal in a most efficient manner. It includes the firm having sufficient capital, labor and all the other resources in the economy.
Commanding: It includes giving clear work instruction to the employees to achieve the desired goal in the economy.
Coordinating: Coordinating includes using different units in the organization to achieve a coherent goal in the economy.
Controlling: Last but most important part it includes evaluating the deviation the firm is facing and taking necessary steps to achieve the goal set while planning.

Rahul Sunny answered 1 year ago

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In one sentence each, describe the five basic management tasks.

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