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BASIC OF MANAGMENT
What is management in the context of banking organizations?
Management is the process of planning, organizing, directing, and controlling resources to achieve organizational goals efficiently and effectively within a banking or financial institution.
What is the planning function in management?
Setting objectives and deciding how to achieve them
What are the four primary functions of management identified by Henri Fayol?
The four primary functions are Planning, Organizing, Directing (Leading), and Controlling, collectively known as the PODC framework applicable to all organizations including banks.
What is organising as a function of management?
Arranging resources and tasks to achieve goals
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