Planning: Deciding if a new product should be added after reviewing test-market results., Deciding whether to sell stock in the company or borrow money in order to finance a new building., Organizing: Dividing a large sales territory into two smaller territories and assigning managers and salespeople to the territory., Deciding how plans can most effectively be accomplished and arranging resources to complete work, Staffing: Hiring an administrative assistant because the promotion manager is currently overworked., Finding individuals with the right skills to do the work, Directing: Discussing a problem with two employees to encourage them to work more closely together rather than continuing to have conflicts., Conducting a department meeting., Controlling: Completing an employee performance appraisal., Reviewing the financial statements for the past six months.,

5 Functions of Management

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