M: MANAGEMENT
5th Edition
ISBN: 9781264158577
Author: BATEMAN
Publisher: MCG
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Question
Chapter 1, Problem 1LO
Summary Introduction
To discuss: The four functions of management.
Management is the task and activities associated with the direction of an organization or one of its departments or units like planning, organizing, leading and controlling.
Expert Solution & Answer
Explanation of Solution
Following are the four functions of management:
- Planning: It is the general function of management and it deals with making arrangements for a future course of action and fixing the most suitable course of action in advance to achieve the pre-determined goals or objectives.
- Organizing: It deals with the process of bringing together financial, physical; and human resource productive relationships among them for achieving the goal of the organization.
- Directing: Provide the right and most appropriate instructions to the workforce to get the job done.
- Controlling: It is the function that aims to match the actual performance with the planned goal and tries to find out the reasons for deviation if any.
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Chapter 1 Solutions
M: MANAGEMENT
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