What do you understand by management functions ? Discuss the roles and responsibilities of a manager
Management Functions and Roles of a Manager:
Management functions refer to the activities that managers perform to achieve organizational goals efficiently and effectively. These functions provide a framework for understanding the managerial process and are often categorized into four main activities: planning, organizing, leading, and controlling. Let's delve into each of these functions and explore the roles and responsibilities of a manager associated with them.
1. Planning:
Planning is the initial and fundamental management function that involves setting goals, defining strategies, and outlining tasks to achieve organizational objectives. Managers must assess the current situation, identify future needs, and develop plans to guide the organization. This involves decision-making, setting objectives, and determining the resources required.
*Roles and Responsibilities:*
- Establish organizational goals and objectives.
- Develop plans and strategies to achieve these goals.
- Analyze the internal and external environment for potential opportunities
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