Functions of Marketing

4 Functions of Management Process: Planning, Organizing, Leading, Controlling

Functions of management are a systematic way of doing things. Management is a process to emphasize that all managers, irrespective of their aptitude or skill, engage in some inter-related functions to achieve their desired goals.

4 Functions of management are planning, organizing, leading, and controlling that managers perform to accomplish business goals efficiently.

First, managers must set a plan, organize resources according to the plan, lead employees to work towards the plan, and control everything by monitoring and measuring the plan’s effectiveness.

Management process/functions involve 4 basic activities;

1. Planning and Decision Making: Determining Courses of Action,
2. Organizing: Coordinating Activities and Resources,
3. Leading: Managing, Motivating and Directing People,
4. Controlling: Monitoring and Evaluating activities.