What broad functions do the management of an organization perform?

Question

Quizplus · Accepted Answer

The management of an organization performs three broad functions: planning, directing, and controlling. Planning involves setting goals and objectives and developing strategies to achieve them. Directing involves leading and motivating employees to work towards achieving those goals. Controlling involves monitoring performance and taking corrective action when necessary to ensure that goals are being achieved. Manufacturing and selling are not functions of management, although they may be activities that are undertaken by an organization.

What Broad Functions Do the Management of an Organization Perform