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Chapter 7: Management and Leadership (4 Functions of Management (Planning…
Chapter 7: Management
and Leadership
4 Functions of Management
Planning
Setting organizational goals
Making Goals and Objectives
SWOT Analysis
Strategic Planning
tactical
Operational Planning
contingency
Developing strategies to reach those goals
Determining resources needed
Setting prices
Leading
Guiding and motivating
Explaining routines
Giving assignments
Clarifying policies
Providing feedback
Organizing
Allocating resources, Assigning tasks, Preparing a structure, Recruiting, Placing employees were they'll be most effective
Creating structures
Technical skills
HR skills
Conceptual skills
Getting and keeping the right people
Controlling
Measuring results
Customers
External
Internal
Rewarding outstanding performance
Taking corrective action when necessary