Four Functions of Management

These flashcards cover the fundamental concepts of the four functions of management as discussed in the lecture.

What are the four functions of management?

Planning, Organizing, Leading, Controlling.

What is the primary purpose of the planning function in management?

To set goals and strategies.

What does organizing involve in the management process?

Allocating resources and assigning tasks.

What is the role of a leader in the management process?

To motivate and guide employees.

What does the controlling function in management entail?

Measuring results and correcting actions.

How does empowering employees relate to the leading function?

It boosts motivation and effectiveness.

Why is planning considered a key management function?

It's essential for the success of other functions.

What recent trend is noted regarding organizing in companies?

Flexibility and customer focus.

What is one major change made by Johnson & Johnson in their organizational structure?

Split into two companies: consumer products and pharmaceuticals.

What is the importance of controlling in management?

It helps track progress and performance.