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Q2 LESSON 1 Management Functions
Q2 LESSON 1 Management Functions
PICTURE 1 PICTURE 2
NOV. 9, 2023 NOV. 10, 2023
Q2.MODULE 1.
Management as an
important factor in
entrepreneurial activity
LESSON 1: Duties & Functions of
Entrepreneur
WORDS TO STUDY
• PLANNING is thinking before a particular task is done.
• ORGANIZING means assembling the essential resources to execute the
developed plans.
• DIRECTING involves the guiding, leading and supervision of the
employees for the achievement of organizational goals
• STAFFING is the proper and effective selection, appraisal and
development of personnel to do the jobs and fulfill the roles in the
structure.
• CONTROLLING means making sure that activities done in the
enterprise are in conformity with what has been planned.
• PLANNING PLANNING
This is the function of management that involves setting of objectives and
determining the course of action for achieving these objectives.
❖STEPS IN PLANNING
1) Environmental scanning
2) Establishing objectives
3) Identifying alternative courses of action
4) Evaluating various alternatives.
5) Making decisions about the best course of action.
❖TYPES OF PLANNING
1) Operational planning
2) Tactical planning
3) Strategic planning
ORGANIZING
• ORGANIZING
The task of organizing involves defining the specific activities necessary to
achieve the enterprise goals, clustering the activities into departments or job positions
and designating the personnel to head and compose each department