Final answer:
The functions of management are planning, organizing, staffing, leading, and controlling.
Step-by-step explanation:
The functions of management represent the key activities that managers perform to achieve organizational goals. These functions are:
Planning: This involves setting goals, defining actions to achieve those goals, and creating a roadmap to guide the organization.
Organizing: This involves arranging resources, such as people and materials, to achieve the goals set in the planning stage.
Staffing: This involves recruiting, selecting, and developing the right individuals to fill positions within the organization.
Leading: This involves influencing and inspiring employees to work towards the organizational goals.
Controlling: This involves monitoring performance, comparing it to established goals, and taking corrective actions when necessary.
For example, a manager might plan the launch of a new product, organize the resources needed for production, staff the team responsible for manufacturing, lead and motivate the employees to meet production targets, and control the quality of the final product.