4 Functions of Management

Planning: is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Organizing: is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.
Leading: involves the social and informal sources of influence that you use to inspire action taken by others.
Controlling: involves ensuring that performance does not deviate from standards. Controlling consists of three steps, which include (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.

Source: Principles of Management, University of Minnesota, 2015.

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