Functions of Management Flashcards
4 functions of management
- Planning (determine the “what”)
- Organization (determine “how”, “when”, “where”, and “who”)
- Leading (motivating and managing people)
- Controlling (monitoring/evaluating people/processes)
Planning
Creating a plan to meet company goals and objectives. This involves allocating employee resources and delegating responsibilities, as well as setting realistic timelines and standards for completion.
Organizing
Ensuring a project runs smoothly. From establishing internal processes and structures to knowing which people are best suited for specific tasks, keeping everyone and everything organized throughout daily operations are important functions of management.
Leading
Being comfortable and confident commanding team members’ daily tasks as well as during periods of significant change or challenge. This involves projecting a strong sense of direction and leadership when setting goals and communicating new processes, products and services, or internal policy.
Controlling
Monitor employee performance, quality of work, and the efficiency and reliability of completed projects. Control (and quality control) in management is about making sure the ultimate goals of the business are being adequately met, as well as making any necessary changes when they aren’t.