21.B : The Role Of Management

Question 1

What is management

Answer 1

• Managers are important for all businesses. They zie responsible for getting things done!

• They act on behalf of the owners - e.g. Sentor managers are accountable to shareholders
• Set objectives for the company - e.g. increase in market share over the next 5 years
• Make sure the objectives are achieved - e.g. by managing others
• Ensure the corporate values are maintained - e.g. dealing with customers, employees, general public etc.

Question 2

What are The functions of management

Answer 2

• Planning

• Organizing

• commanding

• co-ordinating

• Controlling