Answer: The four main functions of management are –
1. Planning – The first and the most important function of the management is to plan the workings of the organization or the company to achieve a certain set of objectives and goals in the organizations for which the organization has been formed by the promoters. Each and every activity of the organization should be planned well and the plans of the organization should be executed well for the accomplishment of certain tasks in the organization.
2. Organizing – Organizing means managing all the things that are required to work in the organization. Broadly it includes organizing the different resource required by an organization and delegating authorities and assigning work to the employees of the organization.
3. Leading – Leading means motivating the employees to get work done by them and inspiring them to complete the certain tasks assigned to them by taking regular motivation sessions and the training and development classes that are required by the employees of the organization to work efficiently and effectively in the organization.
4. Controlling – Controlling function helps to keep an eye on the different working of the organization. It is the comparison stage in which the standard results are compared with the actual results and helps the organization in filling the gaps between the standard or planned work with the actual workings.