management functions Flashcards
(8 cards)
What do managers combine to achieve their goals
Financial, physical, information, and human resources
These resources are managed through various functions.
List of the management functions
- Planning
- Organising
- Coordinating
- Controlling
- Monitoring
- Delegating
These functions are interrelated and essential for effective management.
What does planning involve?
- Determining the business’s goals
- Working out a strategy to achieve the goals
- Designing a plan to implement the strategy
Planning is the foundational function of management.
What is the primary role of organising in management?
Arranging relationships between human resources and other resources to accomplish goals
Organising is a key responsibility of managers.
What does the function of coordinating ensure?
Having the right people in the right place, with the right skills, at the right time
Coordination is crucial for effective teamwork.
What is the main focus of the controlling function?
Ensuring all activities are aimed at meeting the organisation’s goals
This includes performance monitoring of both human and financial resources.
What does monitoring involve?
Systematically checking on progress or performance
Monitoring ensures that resources are effectively moving towards achieving goals.
When a manager is trying to accomplish a new target, what should they consider regarding the functions of management?
Identify which function will help most in achieving the target
The importance of each function may vary depending on the situation.
