Key management functions
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The document outlines key management functions including planning, organizing, leading, and controlling, emphasizing their role in coordinating skills, maximizing productivity, and minimizing costs. It details the importance of strategic thinking, resource allocation, team motivation, and performance evaluation in achieving organizational goals. The concluding part reiterates the significance of these four management functions in effective management practices.
Key management functions
- 2. Introduction, Key Management Functions: • Coordinate Skills and Abilities • A strategic and Conceptual thinking • Periodic up gradation of Knowledge, Skills and Abilities • Maximize Productivity and Minimize Product Cost www.toptenlearning.com
- 3. Importance of Key Management Functions: • Four Management Function Collaboration and Coordination • Accomplishment of Goal in Specified Time www.toptenlearning.com
- 5. Planning • Testify Knowledge and Skills • Deep Attention towards Planning • Awareness of Market in terms of Competitors • Forecasting Future Business • Company Economics Condition Evaluation • Re-evaluation of Plan and Reduction of Unnecessary Items www.toptenlearning.com
- 6. Organizing • Best Allocation of Physics, Human and Financial Resources • Effective Utilization through strategic planning • Sense of Responsibility and Authority among managers and employees www.toptenlearning.com
- 7. Leading • Lead an employees or team to accomplish goals • Motivate team members against unforeseen circumstances • Work upon employees through strong communication and interpersonal skills • Accuracy in Information System from Top Level Management to Lower Level Management www.toptenlearning.com
- 8. Controlling • An examination and analysis of achievement with define goals and objectives. • Professional and Specialized manager plans towards goals achievement • Corrective course of action towards tangible and non tangible goals. www.toptenlearning.com
- 9. Conclusion: • Planning, Organizing, Leading and Controlling www.toptenlearning.com