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...

This preview shows page 1 - 2 out of 3 pages.

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.
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Fall '08

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes