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What are the four functions of management (management processes)? How do these processes influence management and decision-making?

Management Dec 24, 2020

What are the four functions of management (management processes)? How do these processes influence management and decision-making?

Expert Solution

The four functions of management include

  • Planning. It entails setting the goals and objectives as well as determining the course of action to achieve the goals. The management should determine the challenges facing the organization as well as the possible remedies to achieve the plans
  • Organizing. It involves acquiring the resources that support the achievement of the objectives. They include human, physical, and financial resources. Managers should assign, delegate, and coordinate the activities to ensure that they run smoothly.
  • Leading. It entails the use of authority, supervision, and effective communication skills. Moreover, managers should motivate employees by providing good working conditions to encourage employees to work towards the actualization of the goals.
  • Controlling. The management should monitor the progress in order to determine whether it in line with the plans. Notably, it also entails correcting deviations from the actual plans.

The managerial roles play a crucial role in prompting informed decision making for the attainment of the set goals. Basically, the functions help in ensuring that managers decide on a course of action that yields the best results to the organization.

Managers are individuals mandated with overseeing the operations of different departments. Notably, the success of an organization is determined by the ability of management to lead the organization towards the achievement of the goals.

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