Business Management | Four Basic Functions of Management Process

Define and explain the four basic functions that constitute the management process.

Possible Answer: The four basic functions include planning, organizing, leading, and controlling. Planning is determining what the organization needs to do and how best to get it done. The process of arranging resources and activities into a coherent structure is called organizing. When leading, a manager guides and motives employees to meet the firm’s objectives. Controlling is the process of monitoring performance to make sure that a firm is meeting its goals.

Source: Business Essentials, 8e (Ebert/Griffin) – Global Edition