The five key management functions of an entrepreneur are planning, organizing, staffing, directing, and controlling. Planning involves determining objectives and strategies for achieving them. Organizing assembles resources like people, equipment, and capital to implement plans. Staffing addresses human resource management including recruitment, training, and performance reviews. Directing provides guidance, motivation, and leadership to employees. Controlling monitors progress and ensures plans are executed as intended through comparisons to standards and corrective actions. Effective management requires understanding and utilizing all five functions to successfully operate a business enterprise.

1. MANAGEMENT FUNCTION OF AN
ENTREPRENEUR

2. WHAT IS MANAGEMENT FUNCTIONS?
The major functions that a manager completes can be
categorize Into four different functions known as
planning,organizing,leading,controlling...Effective
managers understand how planning,organizing,leading
and controlling are used to achieve organizational
success
-study.com
Disclaimer this is not just four functions this also includes

3. PLANNING
In common parlance, planning is pre-determined course of action to accomplish the
set objectives. In other words, planning is today’s projection for tomorrow’s activity.
Planning pervades in all aspects of business. An entrepreneur has to make decisions
as to what is to be done, how it is to be done, when it is to be done, where it is to
be done, by whom it is to be done and so on.
The importance of planning lies in the fact that it ensures the smooth and effective
completion and running of a business enterprise. Absence of planning causes
confusion which, in turn, affects the smooth performance of job whatsoever it may
be.
-yourarticlelibrary.com

4. ORGANIZING.
The organizing function of an entrepreneur refers to bringing
together the men, material, machine, money, etc. to execute the
plans. The entrepreneur assembles and organizes the above
mentioned different organs of an enterprise in such a way that
these combinedly start functioning as one, i.e., enterprise. Thus,
organizing function of an entrepreneur ultimately provides a
mechanism for purposive, integrated and co-operative action by
many people in a joint and organized effort to implement a
business plan.

5. ORGANIZING INVOLVES
• Identification of activities.
• Classification of grouping of activities.
• Assignment of duties.
• Delegation of authority and creation of
responsibility.
• Coordinating authority and responsibility
relationships.

6. STAFFING
Staffing involves human resource planning and
human resource management. Thus, staffing
function of an entrepreneur includes preparing
inventory of personnel available, requirement of
personnel, sources of manpower recruitment, their
selection, remuneration, training and development
and periodic appraisal of personnel working in the
enterprise.

7. Business history is replete with evidences that it is basically the
staff, i.e., personnel working in the organization that makes all
the difference. While appreciating the role of personnel in the
success of an organization, L. F. Urwick had remarked that,
“business houses are made or broken in the long-run not by
markets or capital, patents or equipments, but by men.”
Andrew Carniege’s view that “Take my people and leave my
factory, soon grass will grow on the floor. Take my factory and
leave my people, soon we shall build a better factory” also
underlines the significance of people or staffing in the making of
an organization. However, staffing function is as crucial for the
success of a business enterprise is equally complex as well. -

8. STAFFING INVOLVES
•Manpower Planning (estimating man power in terms of
searching, choose the person and giving the right place).
•Recruitment, Selection & Placement.
•Training & Development.
•Remuneration.
•Performance Appraisal.
•Promotions & Transfer. -
managementstudyguide.com

9. DIRECTING
The functions like planning, organizing, and staffing
are merely preparations for setting up a business
enterprise. The directing function of entrepreneur
actually starts the setting up of enterprise. Under
the directing function, the entrepreneur guides,
counsels, teaches, stimulates and activates his/ her
employees to work efficiently to accomplish the set
objectives.

10. Thus, directing function of entrepreneur
concerns the total manner in which an
entrepreneur influences the actions of his /
her employees/ workers. It is the final action
of an entrepreneur in making his / her
employees actually act after all preparations
have been completed.
-
yourarticlelibrary.com

11. DIRECTING HAS FOLLOWING
ELEMENTS
Supervision- implies overseeing the work of
subordinates by their superiors. It is the act of
watching & directing work & workers.
Motivation- means inspiring, stimulating or
encouraging the sub-ordinates with zeal to work.
Positive, negative, monetary, non-monetary
incentives may be used for this purpose.

12. .Leadership- may be defined as a process by
which manager guides and influences the work
of subordinates in desired direction.
Communications- is the process of passing
information, experience, opinion etc from one
person to another. It is a bridge of
understanding.
-managementstudyguide.com

13. CONTROLLING
Controlling is the last management function performed
by the entrepreneur. In simple words, controlling means
to see whether the activities have been performed in
conformity with the plans or not. Thus, controlling is
comparison of actual performance with the target or
standard performance and identification of variation
between the two, if any, and taking corrective measures
so that the target is accomplished.

14. REFLECTION
In just a short period of time I / you have known or learn on how to manage
a business , you need to learn and know these five functions for you to
make your business grow. Learning how we need to plan everything that
you will do for your business to be successful. Learning how to organize you
and your workers in order to help on making your new project to go well.
Staffing , you need to know what people are you going to need , who are
you going to take to help on your plan. In directing you will learn to handle
your workers ,how to direct for them to know what strategy they will be
doing etc.. And control the Plan seeing who are doing what they have to do
and the one that are not doing their task.

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16. THANK YOU
-AERELL JADE GENEROSO
9-DUHAT