OUR LADY OF THE PILLAR COLLEGE CAUAYAN

COLLEGE OF ACCOUNTANCY
STRATEGIC BUSINESS ANALYSIS

Basic Function of Management

Management
 management is the process of working with people and resources to accomplish organizational goals
and objectives effectively and efficiently.

Functions of Management
1. Planning
It involves determining objective to be achieved and how they are going to achieve them.
Planning is the conscious, purposeful, setting the strategies, priorities, objectives, goals and
tactics to be pursued by the organization.

2. Organizing
It is the process of bringing together physical, financial in human resources and developing
productive relationship amongst them for achievement of organizational goals.

3. Staffing
This means recruiting, selecting, training, developing and retaining the people, skills and
talents necessary to meet current and future organizational needs.

4. Directing
It means more than simply providing direction and supervising; it also includes leading
coaching, motivating and inspiring employees to perform at their very best.

5. Controlling
Checking the work accomplished against plans or standards and making correction when new
development or unforeseen event necessitates

Stages in Strategic Management

1. Strategy formulation 
is the process of establishing the organization’s mission, objectives, and choosing among
alternative strategies. Sometimes strategy formulation is called ‘strategic planning’.
2. Strategy implementation 
It necessitates an organization to establish annual objectives, prepare policies, motivate
employees, and allocate resources so that prepared strategies can be put into practice.
3. Strategy evaluation 
It is the final phase in strategic management. managers ought they know at what time
appropriate strategies are not working as they should. Strategy evaluation is the core process
for acquiring this information.

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 OUR LADY OF THE PILLAR COLLEGE CAUAYAN
COLLEGE OF ACCOUNTANCY
STRATEGIC BUSINESS ANALYSIS

Wrap-up Exercises.

1) The organization's goal is to improve company sales. The manager first needs to decide which steps
are necessary to accomplish that goal. These steps may include increasing advertising, inventory, and
sales staff. 

a) Organizing
b) Planning
c) Implementation
d) Managing

2) Choose the correct statement(s).

I. before a plan is in place, a manager needs to organize her team and materials according to her
plan.
II. Directing involves motivating, communicating, guiding, and encouraging. It requires the
manager to coach, assist, and problem solve with employees.
III. After the other elements are in place, a manager's job is not finished.

a) Statement 1,2,3 e) Statement 3 only

b) Statement 1 and 2 only f) Statement 2 only
c) Statement 2 and 3 only g) Statement 1 only
d) Statement 3 and 1 only h) Neither Statement 1,2,3

3) Our Lady of the Pillar College- Cauayan organize team building activity held at Santa Catalina Sanctuary
in Baguio to establish camaraderie among employees. What type of function did OLPCC management
perform.
a) Organizing
b) Directing
c) Leading
d) Strategizing

4) It is the activity or skill of coordinating people and events

a) Strategizing
b) Organizing
c) Planning
d) Coordinating

5) _____________ means giving instructions to employees and making sure that the instructions are
being followed as desired by the management

a) Communicating
b) Evaluating
c) Controlling
d) Coordinating

6) Verbal warning, written warning, suspension, and termination is what kind of management function.

a) Sanctioning
b) Motivating
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 OUR LADY OF THE PILLAR COLLEGE CAUAYAN
COLLEGE OF ACCOUNTANCY
STRATEGIC BUSINESS ANALYSIS

c) Controlling
d) Coordinating

References
Magmanlac,S . (2022). Strategic Business Analysis, p17 and p37
Nutshell Brainery (2020). What are the Five Functions of Management, Retrieved from https://youtu.be/_NV7y6E4Ibk, February 27,2022.

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