FE 3 of 4: The Five Basic Functions of Management

The Five Basic Functions of Management
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The Five Basic Functions of Management
Management and leadership involve performing tasks including motivation of employees, solving problems and ensuring the realization of the goals and objectives in an organization (Gale, 2012). The five basic management functions are:
Planning-involves the process of formation of the mission, vision and detail information of how to achieve the goals. The usual tasks involve making decision on the target level to achieve and the plan to get there. The manager has to be aware of the challenges and setbacks in the process of setting up the future business plan. Planning is significant in the process of allocating resources and helps reduce wastes.
Controlling-this involves continuous checking of results in relation to the goals. The actual and budgeted performance is counterchecked and corrections are made where necessary (Kyriazoglou, 2012).
Staffing-involves recruiting candidates with high qualifications who will then ensure smooth operation of the business. In addition, frequent staff tra...