Planning is the basis managerial function of woman entrepreneur. Planning helps her in determining the course of action to be followed for achieving various entrepreneurial objectives.
It is a decision in advance, what to do, when to do, how to do and who will do a particular task. Planning with the mental state of woman entrepreneur. She thinks before undertaking a work.
Every woman entrepreneur needs the services of a number of persons to look after the different aspect of its enterprise. She sets up the objectives goals to be achieved by its personnel.
The function of organizing is to arrange, guide, co-ordinate, direct and control the activities of other factors of production i.e. men, materials, money and machines so as to accomplish the objectives of the enterprise.
Every woman entrepreneur has to perform the function of staffing which includes manpower planning, recruitment, selection, and training, placement of man power, development, promotion, transfer and appraisal and determination of employee remuneration.
Directing is concerned with carrying out the de4sired plans. It initiates organized and planned action and ensures effective performance by subordinates towards the accomplishment of group activities.
A woman entrepreneur has to issue various orders, instructions and guide her subordinates in their work to improve their performance and achieve enterprise objectives.
It is the ability to build up confidence and zeal among people and to create an urge in them. To be a successful leader, she must posses the qualities of foresight, drive, initiative, self-confidence and personal integrity.
Woman entrepreneur has to provide some personal incentive to the subordinates to motivate, persuade and inspire them for contributing their best towards the achievement of enterprise objectives.
After issuing instructions, the woman entrepreneur has to see that the given instructions are carried of overseeing subordinates at work to ensure maximum use of recourses, to get the required and directed work done and to correct the subordinates whenever they go wrong.
Co-ordination is one of the most important functions of woman entrepreneur. It creates a team sprite and helps in achieving goals through collective efforts to provide unity of action in the pursuit of common objectives.
Control is the process which enables woman entrepreneur to get its policies implemented and take corrective actions if performance is not according to the pre-determined standards.