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Explain the four main functions of management môn Principle of Management | Trường Đại học Quốc tế, Đại học Quốc gia Thành phố Hồ Chí Minh

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Planning – Setting objectives and deciding how to achieve them. oExample: A company planning to launch a new product conducts market rese arch and creates a strategy. Tài liệu giúp bạn tham khảo, ôn tập và đạt kết quả cao. Mời đọc đón xem!

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2. Explain the four main functions of management.
Answer:
According to , management consists of :Henri Fayol four main functions
1. Planning – Setting objectives and deciding how to achieve them.
oExample: A company planning to launch a new product conducts market rese
arch and creates a strategy.
2. Organizing – Arranging resources (employees, materials, finances) to carry out the p
lan.
oExample: A restaurant assigns chefs, waiters, and managers to ensure smooth
operations.
3. Leading – Motivating and guiding employees to achieve organizational goals.
oExample: A CEO inspiring employees with a clear vision and strong leadersh
ip.
4. Controlling – Monitoring performance and making adjustments if needed.
oExample: A manufacturing company tracking production quality and fixing is
sues.
📌 Why it’s important? These functions ensure a business remains efficient, productive, and
competitive.

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2. Explain the four main functions of management. Answer:
According to Henri Fayol, management consists of four main functions:
1. Planning – Setting objectives and deciding how to achieve them.
oExample: A company planning to launch a new product conducts market rese arch and creates a strategy.
2. Organizing – Arranging resources (employees, materials, finances) to carry out the p lan.
oExample: A restaurant assigns chefs, waiters, and managers to ensure smooth operations.
3. Leading – Motivating and guiding employees to achieve organizational goals.
oExample: A CEO inspiring employees with a clear vision and strong leadersh ip.
4. Controlling – Monitoring performance and making adjustments if needed.
oExample: A manufacturing company tracking production quality and fixing is sues.
📌 Why it’s important? These functions ensure a business remains efficient, productive, and competitive.

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