GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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planning
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implementing
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organizing
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controlling
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judgement
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Detailed explanation-1: -The four functions of management are planning, organizing, leading and controlling. In order to be a successful manager, you must do all four while managing your work and team.
Detailed explanation-2: -Controlling is a primary goal-oriented function of management in an organization. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.
Detailed explanation-3: -The control function can be viewed as a five-step process: (1) establish standards, (2) measure performance, (3) compare actual performance with standards and identify any deviations, (4) determine the reason for deviations, and (5) take corrective action if needed.
Detailed explanation-4: -Planning. Organising. Staffing. Directing. Coordinating. Reporting. Budgeting.