Question

In: Accounting

Identify and Describe the four functions of management. planning, organizing, Controlling/ Monitoring, and Leading. 

Identify and Describe the four functions of management.
planning, organizing, Controlling/ Monitoring, and Leading. 

Solutions

Expert Solution

Planning - This is the first step in the entire management process. It is future oriented and determines an organizations direction. It is a systematic way of making decisions today that will affect its future.

Organizing - Once the planning process is complete, organizing function of the managers gets started. It mainly deals with allocating all the available resources in hand to different functions so that the desired results are acheived.

Controlling/Monitoring - This function consists of those activities which are undertaken to ensure that the events do not deviate from those sketched out in the planning process.The activities consist of establishing standards for work performance, measuring performance and comparing it to these set standards and taking corrective actions as and when needed, to correct any deviations.

Leading - This function involves issuing of instructions amd guiding the subordinates about the procedures and methods that should be adopted to achieve the desired results.

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

The four management functions are planning, organizing, leading, and controlling. Think of a job you have...
The four management functions are planning, organizing, leading, and controlling. Think of a job you have now or one you have had in the past. List the managerial activities you have done or observed. If you have never had a paid job, remember that it takes management skills to manage a home, run a baseball team, and lead a church group. Classify each activity of your job according to whether it involved planning, organizing, leading, or controlling - there should...
management function of SAMSUNG COMPANY (planning, organizing, leading and controlling)
management function of SAMSUNG COMPANY (planning, organizing, leading and controlling)
Describe the relationship between planning and the other general functions of management (organizing, controlling, and influencing)....
Describe the relationship between planning and the other general functions of management (organizing, controlling, and influencing). In your opinion, which of the four functions is most important?
Describe how changes in the external environment affect the planning, organizing, leading, and controlling decisions in...
Describe how changes in the external environment affect the planning, organizing, leading, and controlling decisions in the internal environment
Summarize key functions of managements in your own words (Planning, Organizing, Leading and Controlling) Please don't...
Summarize key functions of managements in your own words (Planning, Organizing, Leading and Controlling) Please don't copy from internet
Analyse and examine the four managerial function planning, leading,organizing and controlling city investment pvt ltd maldives
Analyse and examine the four managerial function planning, leading,organizing and controlling city investment pvt ltd maldives
Describe what happens in each of the five project management process groups (initiating, planning, executing, monitoring and controlling, and closing).
Technology in Enterprise MngmtDescribe what happens in each of the five project management process groups (initiating, planning, executing, monitoring and controlling, and closing). What typesof activities occur before initiating a project? (Do not be brief, explain each process group fully)
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling...
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Respond to the following in a minimum of 175 words: Differentiate between the 2 types of budgets. Provide an example of the type of business or company that would benefit from using a flexible budget. Provide support for your business selection and include the...
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling...
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Respond to the following in a minimum of 175 words: Differentiate between the 2 types of budgets. Provide an example of the type of business or company that would benefit from using a flexible budget. Provide support for your business selection and include the...
1. Identify and explain the four basic management functions in organizations. 2. Identify and describe contemporary...
1. Identify and explain the four basic management functions in organizations. 2. Identify and describe contemporary management issues and challenges. 3. Discuss the importance and determinants of an organization's culture, and how the culture can be managed. 4. Identify and summarize key emerging ethical issues in organizations today. 5. Describe the nature of international business. (Including the definition, recent trends, management of globalization, competition in a global market).
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT