Final answer:
Managers typically perform the managerial functions in the order of planning, organizing, leading, and controlling.
Step-by-step explanation:
Managers typically perform the managerial functions in the following order:
- Planning: This involves setting goals, determining strategies, and developing action plans to achieve those goals.
- Organizing: This involves arranging and structuring resources to achieve the organization's goals. It includes tasks such as organizing tasks, allocating resources, and delegating responsibilities.
- Leading: This involves influencing and motivating employees to achieve organizational goals. It includes tasks such as providing guidance, making decisions, and resolving conflicts.
- Controlling: This involves monitoring progress towards goals, comparing actual performance with planned performance, and taking corrective actions if necessary.
For example, let's say a manager wants to increase sales by 10% in the next quarter. The manager will first plan how to achieve this, such as by introducing new marketing strategies. Then, they will organize resources, such as allocating a budget for marketing campaigns. They will lead their team by providing guidance on implementing the new strategies. Finally, they will control progress by monitoring sales figures and making adjustments if necessary.