What are the functions of management?

The functions of management are the key activities that managers perform in order to achieve organizational goals and objectives. These functions are planning, organizing, leading, and controlling. Planning involves setting goals and objectives, identifying the resources needed to achieve them, and developing strategies for achieving them. Organizing involves determining how resources will be allocated and tasks will be divided, and establishing authority and accountability relationships. Leading involves motivating and directing subordinates, and communicating effectively with them. Controlling involves monitoring performance and taking corrective action when necessary, in order to ensure that goals and objectives are being met. Overall, these functions help managers to achieve organizational success by guiding and directing the actions of their employees towards common goals.

This mind map was published on 18 May 2023 and has been viewed 109 times.