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In your own opinion, what managerial functions should be emphasized in your organization? Why? MANAGERIAL FUNCTIONS The four major management functions that make up the management process are PLANNING, ORGANIZING, LEADING, and CONTROLLING. 1. Planning This is the first and foremost function that involves deciding tasks that must be performed to attain organizational goals. It includes outlining, establishing targets, making policies and so on. This activity is also concerned with the success of the organization in the long run. ORGMGMT| Q1 Wi 2. Organizing Organizing involves the act of identifying and assigning the tasks and duties developed in the planning stages to subordinates to create a processand put plans into action. People within the organization are given tasksto make outputs that contribute to the goals of division and to the company as a whole. 3. Influencing Influencing is also known as leading, supervising, motivating, or directing by guiding the activities of organization members towards the fulfillment of the goals. Usually, it helps to increase productivity in human-oriented work situations, and it generates higher levels of production. 4. Controlling It involves establishing performance standards by making sure that the performance of employees is as per the plan. Controlling is both a managerial function and a continuous process where the manager: (a) gathers information that measures performance; (b) compares present performance to pre-established performance norms; and (c) determines the next action plan and modifications for meeting the desired performance parameters.

In your own opinion, what managerial functions should be emphasized in your organization? Why? MANAGERIAL FUNCTIONS The four major management functions that make up the management process are PLANNING, ORGANIZING, LEADING, and CONTROLLING. 1. Planning This is the first and foremost function that involves deciding tasks that must be performed to attain organizational goals. It includes outlining, establishing targets, making policies and so on. This activity is also concerned with the success of the organization in the long run. ORGMGMT| Q1 Wi 2. Organizing Organizing involves the act of identifying and assigning the tasks and duties developed in the planning stages to subordinates to create a processand put plans into action. People within the organization are given tasksto make outputs that contribute to the goals of division and to the company as a whole. 3. Influencing Influencing is also known as leading, supervising, motivating, or directing by guiding the activities of organization members towards the fulfillment of the goals. Usually, it helps to increase productivity in human-oriented work situations, and it generates higher levels of production. 4. Controlling It involves establishing performance standards by making sure that the performance of employees is as per the plan. Controlling is both a managerial function and a continuous process where the manager: (a) gathers information that measures performance; (b) compares present performance to pre-established performance norms; and (c) determines the next action plan and modifications for meeting the desired performance parameters.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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In your own opinion, what managerial functions should be emphasized in your organization? Why?
Transcribed Image Text:In your own opinion, what managerial functions should be emphasized in your organization? Why?
MANAGERIAL FUNCTIONS The four major management functions that make up the management process are PLANNING, ORGANIZING, LEADING, and CONTROLLING. 1. Planning This is the first and foremost function that involves deciding tasks that must be performed to attain organizational goals. It includes outlining, establishing targets, making policies and so on. This activity is also concerned with the success of the organization in the long run. ORGMGMT| Q1 Wi 2. Organizing Organizing involves the act of identifying and assigning the tasks and duties developed in the planning stages to subordinates to create a processand put plans into action. People within the organization are given tasksto make outputs that contribute to the goals of division and to the company as a whole. 3. Influencing Influencing is also known as leading, supervising, motivating, or directing by guiding the activities of organization members towards the fulfillment of the goals. Usually, it helps to increase productivity in human-oriented work situations, and it generates higher levels of production. 4. Controlling It involves establishing performance standards by making sure that the performance of employees is as per the plan. Controlling is both a managerial function and a continuous process where the manager: (a) gathers information that measures performance; (b) compares present performance to pre-established performance norms; and (c) determines the next action plan and modifications for meeting the desired performance parameters.
Transcribed Image Text:MANAGERIAL FUNCTIONS The four major management functions that make up the management process are PLANNING, ORGANIZING, LEADING, and CONTROLLING. 1. Planning This is the first and foremost function that involves deciding tasks that must be performed to attain organizational goals. It includes outlining, establishing targets, making policies and so on. This activity is also concerned with the success of the organization in the long run. ORGMGMT| Q1 Wi 2. Organizing Organizing involves the act of identifying and assigning the tasks and duties developed in the planning stages to subordinates to create a processand put plans into action. People within the organization are given tasksto make outputs that contribute to the goals of division and to the company as a whole. 3. Influencing Influencing is also known as leading, supervising, motivating, or directing by guiding the activities of organization members towards the fulfillment of the goals. Usually, it helps to increase productivity in human-oriented work situations, and it generates higher levels of production. 4. Controlling It involves establishing performance standards by making sure that the performance of employees is as per the plan. Controlling is both a managerial function and a continuous process where the manager: (a) gathers information that measures performance; (b) compares present performance to pre-established performance norms; and (c) determines the next action plan and modifications for meeting the desired performance parameters.
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