ENTREPRENEURSHIP

Detailed explanation-1: -There are four generally accepted functions of management: planning, organizing, leading and controlling. These functions work together in the creation, execution and realization of organizational goals. The four functions of management can be considered a process where each function builds on the previous function.

Detailed explanation-2: -Managers must first plan, then organize according to that plan, lead others to work towards the plan, and finally evaluate the effectiveness of the plan. These four functions must be performed properly and, when done well, become the reason for organizational success.

Detailed explanation-3: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.

Detailed explanation-4: -Organizing is the management function of arranging and structuring work to accomplish the goals of an organization. It involves creating departments, assigning tasks, delegating authority, and allocating resources to achieve desired results.