What Are The Three Managerial Functions? Explain?

1.	What Are The Three Managerial Functions? Explain?
Answer» To achieve the objective three managerial functions should be kept in mind: Planning and setting objectives: It is a basic function of the management process. Without planning, there is no need to organize or control. However, planning must PRECEDE doing, and the budget is the most important planning tool of an ENTERPRISE. Organizing: It is essentially the establishment of the FRAMEWORK within which the required activities are to be performed, together with a list of who should perform them. Creation of an organization requires the establishment of organizational or functional units generally known as DEPARTMENTS, divisions, sections, floors, branches, etc. Controlling: is the process or procedure by which management ensures OPERATIVE performance, which corresponds with plans. To achieve the objective three managerial functions should be kept in mind:

Answer»

To achieve the objective three managerial functions should be kept in mind:

Planning and setting objectives: It is a basic function of the management process. Without planning, there is no need to organize or control. However, planning must PRECEDE doing, and the budget is the most important planning tool of an ENTERPRISE.
Organizing: It is essentially the establishment of the FRAMEWORK within which the required activities are to be performed, together with a list of who should perform them. Creation of an organization requires the establishment of organizational or functional units generally known as DEPARTMENTS, divisions, sections, floors, branches, etc.
Controlling: is the process or procedure by which management ensures OPERATIVE performance, which corresponds with plans.

To achieve the objective three managerial functions should be kept in mind:

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