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This comprehensive guide covers the core aspects of strategic management, including planning for decision-making, organizing tasks, staffing procedures, leading personnel efficiently, and controlling outcomes to meet business goals effectively. Embark on a journey to enhance your managerial skills!
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Planning • The gathering and analyzing of information to make decisions about all phases of the business • The determination of goals for the business and strategies to achieve goals
Organizing • The determination of what work needs to be done and who is to complete each job • The assignment of duties and authority to workers
Staffing • All the activities involved in finding, selecting, hiring, training, appraising, and rewarding of employees
Leading • The directing of personnel to complete tasks correctly and on time. • The ability to influence people to act according to company plans and procedures
Controlling • Comparing what actually happened with what was planned. • Controlling is directly related to planning