1. Planning
Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Strategic planning, Tactical planning, Operational planning
2. Organizing
Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.
3. Leading
Leading involves the social and informal sources of influence that you use to inspire action taken by others
4. Controlling
Controlling involves ensuring that performance does not deviate from standards. Controlling consists of three steps,
1) establishing performance standards
2) comparing actual performance against standards
3) taking corrective action when necessary
KEY TAKEAWAY
EXERCISES
________________________________________
1.5 Economic, Social, and Environmental Performance
Learn how economic performance feeds social and environmental performance.
LEARNING OBJECTIVES
0. Triple bottom line
Triple bottom line refers to the measurement of business performance along social, environmental, and economic dimensions.