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Functions of Management

(i) Planning It refers to deciding in advance what to do, how to do and developing a may of achieving goal efficiently and effectively.

(ii) Organising It refers to the assigning of duties, grouping tasks, establishing authority and allocating of resources required to carry out a specific plan.

(iii) Staffing It implies right people for the right job.

(iv) Directing It involves leading, influencing, motivating employees to perform the task assigned to them.

(v) Controlling It refers to the performance measurement and follow up actions that keep the actual performance on the path of plan.
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first function of management is Related: Chapter Notes - Nature and Significance of Management?
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first function of management is Related: Chapter Notes - Nature and Significance of Management? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about first function of management is Related: Chapter Notes - Nature and Significance of Management? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for first function of management is Related: Chapter Notes - Nature and Significance of Management?.
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