MGT 1001 Mid-Term Review.docx - 1 The Four Functions of Management are Planning Organizing Leading and Controlling 2 The function of Planning is to

MGT 1001 Mid-Term Review.docx - 1 The Four Functions of...

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1. The Four Functions of Management are: Planning, Organizing, Leading and Controlling. 2. The function of Planning is to determine goals and how to achieve them. 3. The function of Organizing determines where decisions will be made, who will do what jobs and tasks and who will work for whom in the company. 4. The function of Leading is inspiring and motivating workers to work hard to achieve organizational goals. 5. The function of controlling is monitoring progress toward goal achievement and taking corrective action when needed. 6. Top managers are: CEO (Chief Executive Officer) COO (Chief Operating Officer) CFO (Chief Financial Officer) CIO (Chief Information Officer) 7. Middle managers are responsible for setting objectives consistent with top management’s goals and for planning and implementing subunit strategies for achieving these objectives. 8. Middle Managers implement change or strategies developed by Top Managers. 9. First-Line Managers are Responsible for managing the employees that produce the company’s goods and services. 10. First-Line Managers monitor, teach, and plan short-term.
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  • Fall '08
  • ARCHIPOLI

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