Source: Principles of Management, University of Minnesota, 2015. Show
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Organizing is the function of management which follows planning. It is a function in which the synchronization and combination of human, physical and financial resources takes place. All the three resources are important to get results. Therefore, organizational function helps in achievement of results which in fact is important for the functioning of a concern. According to Chester Barnard, “Organizing is a function by which the concern is able to define the role positions, the jobs related and the co-ordination between authority and responsibility. Hence, a manager always has to organize in order to get results. A manager performs organizing function with the help of following steps:-
Related ArticlesView All Articles Which of the following functions of management involves arranging?Organizing: is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives. Leading: involves the social and informal sources of influence that you use to inspire action taken by others.
What is the primary managerial responsibility in an organization?It is the responsibility of management to see that essential activities are done efficiently (in the best possible way) and effectively (doing the right thing). The management process consists of four primary functions that managers must perform: planning, organizing, leading, and controlling.
What broad functions do the management of an organization perform quizlet?The management of an organization performs several broad functions. They are: (a)planning, directing, and selling.
Which of the following is not a characteristic of managerial accounting?Answer and Explanation: This is the correct option because mandatory external reports are not a characteristic of management accounting. The characteristic of management accounting is objectivity, comparability, reliability, and relevance.
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