6 Functions Of Management
The Success of any business depends upon largely on the collective, organized and co-operative efforts of employers and employees. In a business, different people work having different combination of skills and knowledge that needs to be organized, guided and controlled in order to achieve the common goals for which the business or organization was established. Along with the leadership, the management or manager of the company does this Job for the whole business. We can say that Management is a decision making process and it covers all aspects of business of life. Whether, it is lower level or middle level or upper level, the proper management is need to achieve the end goals of the business. You may also be interested in Top 5 Characteristics of A Business There are 6 Functions of Management focusing on the primary goal of financial management and we discuss them one by one with examples in the below section. 1. Planning 2. Organizing 3. Staffing (HRM) ...