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what are the basic concepts of management?

Asked by: imran uddin 405 days ago - 1 Answers - 1197 views

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There are four basic functions:

Planning – Determine goals; develop a strategy to achieve the goals; and design plans for implementing the strategy.

Organizing – Organize people and resources; develop organizational charts to help everyone understand their roles and relations in the company.

Leading – Working to guide and motivate employees to meet the company’s goals.

Controlling – Monitoring a company’s performance to insure that goals are being met. Develope standards to evaluate costs and performance, making adjustments when needed.

More detailed information can be found in “Business Essentials”, Eight Edition, by Ronald J. Ebert and Ricky W. Griffin. It is an excellent resource.

Answer by I. Hall 402 days ago

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