Business StudiesNEB 2082
Mention any two functions of management.
1Answer
Management is the process of planning, organizing, directing, and controlling resources to achieve organizational goals efficiently and effectively. Two key functions of management are:
Planning Planning involves setting objectives and determining the best course of action to achieve them. It includes forecasting future trends, defining strategies, and allocating resources. Effective planning ensures that an organization stays focused on its goals and adapts to changes in the environment.
Organizing Organizing involves structuring resources (human, financial, physical, and technological) to implement plans efficiently. It includes defining roles, establishing departments, and creating a hierarchy of authority. Proper organization ensures smooth coordination and enhances productivity.
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