Chapter 1Notes

Chapter 1Notes - PrinciplesofManagement...

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Principles of Management Chapter 1: Introduction to Management Four Functions of Management 1. Planning : a formal process whereby managers choose goals, identify actions to  attain those goals, allocate responsibility for implementing actions to specific  individuals or units, measure the success of actions by comparing actual results  against the goals, and revise plans accordingly  2. Organizing : the process of deciding who within a organization will perform what  tasks, where decisions will be made, who reports to whom, and how different  parts of the organization will coordinate their activities to pursue a common goal 3. Controlling : the process of monitoring performance against goals, intervening  when goals are not met, and taking corrective action 4. Leading : the process of motivating, influencing, and directing others in the  organization to work productively in pursuit of organization goals Developing Employees : the task of hiring, training, mentoring, and rewarding 
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Chapter 1Notes - PrinciplesofManagement...

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