IGCSE BUSINESS MANAGEMENT STUDIES

 


Functions of the manager

There are basically four management concepts that allow any organization to handle the tactical, planned, and set decisions. The four basic functions of the management are just to have a controlled plan over the preventive measure.

These Functions can be summarized below:

 

Planning

Planning is the first tool of the four functions in the management process. The difference between a successful and unsuccessful manager lies within the planning procedure. Planning is the logical thinking through goals and making the decision as to what needs to be accomplished in order to reach the organizations’ objectives. Managers use this process to plan for the future, as a blueprint to foresee problems, decide on the actions to evade difficult issues, and beat the competition.

 

Organizing

The second function of the management is getting prepared, getting organized. Management must organize all its resources well before in hand to put into practice the course of action to decide what has been planned in the base function. Through this process, management will now determine the inside directorial configuration; establish and maintain relationships, and also assign required resources.

 

Directing

It involves the implementation of plans by mobilizing individuals and group efforts through motivation, communication, leadership, and supervision. Directing may be defined as the process of activating the efforts of employees towards the achievement of organizational objectives.

 

Controlling

It is the process of regulating the ongoing activities of the organization to ensure that they are in conformity with the established plans and produce the desired results. Through the controlling function, management can keep the organization o its chosen track. It involves:

Establishing standards of performance

Measuring current performance

Comparing actual results with the established standards

Detecting deviations from the standards

Taking corrective actions for significant deviations.

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