By Indeed Editorial Team Show
Updated June 1, 2022 | Published January 3, 2020 Updated June 1, 2022 Published January 3, 2020 Related: Top 8 Leadership Styles - Definitions & Examples Jenn, an Indeed Career Coach, explains the top leadership styles in management and how to identify the one that's right for you and your team. Regardless of the type of company, all managers perform the same four basic functions of planning, organizing, leading and controlling. If you take on a managerial role, it may be helpful to familiarize yourself with the fundamentals of management. In this article, we look at the basic functions of management and their importance in achieving organizational objectives. Looking to Hire? Post a Job on Indeed.com. What are the four basic functions of management?There are four generally accepted functions of management: planning, organizing, leading and controlling. These functions work together in the creation, execution and realization of organizational goals. The four functions of management can be considered a process where each function builds on the previous function. To be successful, management needs to follow the four functions of management in the proper order. Managers first need to develop a plan, then organize their resources and delegate responsibilities to employees according to the plan, then lead others to efficiently carry out the plan, and finally evaluate the plan’s effectiveness as it is being executed and make any necessary adjustments.
1. PlanningIn the planning stage, managers establish organizational goals and create a course of action to achieve them. During the planning phase, management makes strategic decisions to set a direction for the organization. Managers can brainstorm different alternatives to achieve the objective before choosing the best course of action. While planning, managers typically conduct an in-depth analysis of the organization’s current state of affairs, taking into consideration its vision and mission and evaluating what resources are available to meet organizational objectives. While planning, managers usually evaluate internal and external factors that may affect the execution of the plan, such as economic growth, customers and competitors. They also establish a realistic timeline for achieving the goal or goals based on the organization’s available finances, personnel and resources. Managers may have to take additional steps, such as seeking approval from other departments, executives or their board of directors before proceeding with the plan. There are several approaches to planning:
2. OrganizingThe purpose of organizing is to distribute the resources and delegate tasks to personnel to achieve the goals established in the planning stage. Managers may need to work with other departments of the organization, such as finance and human resources, to organize the budget and staffing. During the organizing stage, managers strive to create a work environment conducive to productivity. Managers typically take employees’ motivation and aptitude into account to match employees with roles and tasks that best fit their abilities. When assigning team member roles, managers should explain and ensure that employees understand their individual duties. To help employees feel engaged and productive, managers should ensure that employees are assigned an appropriate amount of work and an appropriate amount of time to complete their work. Here are some examples of the organizing function:
3. LeadingLeading consists of motivating employees and influencing their behavior to achieve organizational objectives. Leading focuses on managing people, such as individual employees, teams and groups rather than tasks. Though managers may direct team members by giving orders and directing to their team, managers who are successful leaders usually connect with their employees by using interpersonal skills to encourage, inspire and motivate team members to perform to the best of their abilities. Managers can foster a positive working environment by identifying moments when employees need encouragement or direction and using positive reinforcement to give praise when employees have done their jobs well. Managers usually incorporate different leadership styles and change their management style to adapt to different situations. Examples of situational leadership styles include:
Related: 15 Leadership Qualities That Make a Great Leader 4. ControllingControlling is the process of evaluating the execution of the plan and making adjustments to ensure that the organizational goal is achieved. During the controlling stage, managers perform tasks such as training employees as necessary and managing deadlines. Managers monitor employees and evaluate the quality of their work. They can conduct performance appraisals and give employees feedback, providing positive remarks on what they are doing well and suggestions for improvement. They may also offer pay raise incentives to high-performing employees. Managers may need to make adjustments such as: Budget adjustmentsManagers monitor the budget and resources to ensure that they are using the resources available and not going over budget. For example, a manager may notice that she is going over budget on a project but be unsure what is causing the project to go over budget. In this situation, she will need to identify whether there is a general problem with overspending or whether one department, in particular, is going over budget. Once the manager identifies the source of the overspending, she must take action to curb overall spending and make cuts as necessary to balance the budget. Staffing adjustmentsManagers may need to make challenging decisions such as whether to reassign an employee who produces low-quality work to a different task or dismiss them from a project. They may also need to add additional team members to meet an organizational goal if they conclude that the team is understaffed. If this is the case, they may also need to consult with organization executives to secure more funding. What are the 4 steps in the control process?The four steps are:. Establishing Performance Standards.. Measuring the Actual Performance.. Comparing Actual Performance to the Standards.. Taking Corrective Action.. What are examples of controlling in management?For example, if a sales manager makes a target to make the sales of 5 million in one quarter with five salespersons working in his team, then he will give the target of 1 million to every salesperson and will control their actions to achieve the desired results. What are the activities involved in each function of management?There are four generally accepted functions of management: planning, organizing, leading and controlling. These functions work together in the creation, execution and realization of organizational goals. The four functions of management can be considered a process where each function builds on the previous function. What are the 4 management functions?Over the years, Fayol's functions were combined and reduced to the following four main functions of management: planning, organizing, leading, and controlling. What are the activities involved in each function of management?There are four generally accepted functions of management: planning, organizing, leading and controlling. These functions work together in the creation, execution and realization of organizational goals. The four functions of management can be considered a process where each function builds on the previous function.
What are the 4 types of management control?These five types of management control systems are (i) cultural controls, (ii) planning controls, (iii) cybernetic controls, (iv) reward and compensation controls and (v) administrative controls.
What are the 4 steps in the control process?The four steps are:. Establishing Performance Standards.. Measuring the Actual Performance.. Comparing Actual Performance to the Standards.. Taking Corrective Action.. Which of the following would be included in the controlling function?Measuring results against corporate objectives would be included in the "controlling function".
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