Lesson 1: The 5 Functions of Management

• Organization


  Group of people that share the same goal.
• Management


  Process of coordinating and overseeing individuals working for an organization.
• 5 Functions of Management (P, O/A, S, L, C)

  • Planning
  • Organizing/Action
  • Staffing
  • Leading
  • Controlling
• Planning


  Setting goals, creating objectives, and strategic practices.
• Organizing/Action

  • Delegating people
  • A manager must know how to manage, organize, and delegate people.
  • Organize steps to reach goals.
• Goal of businesses and its projects is to SAVE MONEY.
• People at work should work harmoniously.
• Staffing


  Process of identifying the needs of an organization and recruiting people who will fit the job. The first step in observing this function is to create job descriptions.
• Leading

  • A leader should inspire or motivate their subordinates.
  • Leaders are naturally born, but that doesn't mean that a person who isn't born to be one is unworthy to lead.
• Controlling


  Evaluating workers' performance and rectifying any anomalies to increase productivity and attain the organization's goals and objectives.