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Functions of management are the basic tasks managers do to run a business smoothly. These functions include planning, organizing, leading, controlling and Coordinating. Planning sets goals, like making a roadmap. organizing, arranging resources, leading motivates employees, and controlling ensures things are on track. Together, they help businesses achieve success.

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Crisis management involves preparing for, responding to, and recovering from unexpected negative events that threaten an organization's stability, reputation, or safety. It includes identifying risks, developing response strategies, communicating effectively with stakeholders, and implementing measures to mitigate damage. Key components include crisis communication, rapid response, and post-crisis evaluation to improve future resilience.

Business statistics refers to using a different data tool from statistics and its use in a business setting. There are two types of business statistics used.

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