Lesson 3 - Four Functions of Management Flashcards
1
Q
4 Functions:
A
- Planning
- Organizing
- Leading
- Controlling
2
Q
Planning
A
- Planning is the process of setting objectives and determining how to accomplish them
- Identify desired results and ways to achieve them
3
Q
Ex of planning
A
Krista aims to increase revenues by 10% in this fiscal year
4
Q
Organizing
A
- The process of assigning tasks, allocating resources and arranging activities to implement plans
- Turning plans into action
- Includes defining jobs, assigning personnel and assigning them with tech and other resources
5
Q
Ex of organizing
A
New computers and software are ordered to implement a new purchasing process
6
Q
Leading
A
- The process of arousing enthusiasm in directing efforts towards organizational goals
- Includes building commitments to a common vision, encourage activities that support goals, and influence others to do their best work
7
Q
Ex of leading
A
Vidhi develops and employee of the month system for her staff
8
Q
Controlling
A
- The process of measuring performance and taking action to ensure desired results
- Involves gathering information and using information to plan constructive action and change
9
Q
Ex of controlling
A
Jaya conducts year end performance reviews with each member of her staff
