1. The Five Functions
of Management
Management involves five key functions, each crucial for the effective
operation of an organization.
Da by DEJENE ADUGNA
2. Planning
1 Setting Objectives
Establishing clear and
achievable goals for the
organization.
2 Developing
Strategies
Creating plans to
achieve the defined
goals and targets.
3 Allocating
Resources
Assigning the necessary
resources to ensure
successful execution.
3. Organizing
Creating Structure
Designing a framework to ensure
efficient operations.
Defining Roles
Assigning responsibilities to facilitate
smooth workflow.
Establishing Relationships
Developing a network of communication and cooperation.
5. Leading
Inspiring Others
Guiding and motivating the team towards
common goals.
Decision Making
Choosing the best course of action for the
organization.
6. Controlling
Setting Standards
Defining performance levels to be achieved.
Measuring Performance
Evaluating actual results against the established standards.
Implementing Changes
Adjusting processes to ensure desired outcomes are realized.
7. Management Process
1 Continuous Improvement
Iteratively enhancing processes to achieve organizational objectives.
2 Adaptation to Change
Responding proactively to shifts in internal and external environments.
3 Optimizing Efficiency
Streamlining operations to maximize productivity and minimize waste.
8. Essential Management Skills
Communication
Effectively conveying
ideas and information.
Teamwork
Collaborating with
others to achieve
common goals.
Decision-making
Making sound
judgments and
choices.
Problem-solving
Analyzing situations
and finding effective
solutions.
