Question

In the 20 1st century the four functions of management are

Answer 1

In the 21st century, the four functions of management in a business context are planning, organizing, leading, and controlling.

Step-by-step explanation:

In the 21st century, the four functions of management in a business context are:

1. Planning: This involves setting goals, defining strategies, and creating action plans to achieve those goals. An example of planning in a business is creating a marketing plan for a new product.
2. Organizing: This involves arranging resources, assigning tasks, and establishing a structure to achieve the goals. For example, a business may organize its teams and departments based on their functions.
3. Leading: This involves inspiring and guiding employees to achieve the goals. It includes providing direction, motivating employees, and resolving conflicts. An example of leading is a manager providing feedback and coaching to their team members.
4. Controlling: This involves monitoring progress, measuring performance, and making adjustments to ensure the goals are being met. For instance, a business may track sales numbers and adjust their marketing strategy accordingly.