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POLC (planning (types of plans (breadth, time frame, specificity,…
POLC
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leading
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leadership: process of influencing a group to achieve goals leader: someone who may or may not possess managerial authority
organising
six elements: work specialization, departmentalization, chain of command, span of control and formalisation
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controlling
process of monitoring, comparing and correcting work performance
the control process:
- measuring
- comparing
- taking managerial action
managerial functions of planning, organising, leading and controlling are interrelated and interdependent
management functions
- operations
- marketing
- finance
- human resources
- research and development