Five Functions of Management
It is a dynamic process consisting of various elements and activities. These activities are different from operative functions like marketing, finance, purchase etc.
Rather these activities are common to each and every manger irrespective of his level or status. Different experts have classified functions of management. Planning , Organizing , Staffing , Directing and Controlling. For theoretical purposes, it may be convenient to separate the function of management but practically these functions are overlapping in nature i.
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It is the basic function of management. A plan is a future course of actions.
Planning is determination of courses of action to achieve desired goals. It is all pervasive, it is an intellectual activity and it also helps in avoiding confusion, uncertainties, risks, wastages etc.
It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals. Organizing as a process involves:. It is the function of manning the organization structure and keeping it manned.
Functions of Management (Business studies class) 12th C.B.S.E
Staffing has assumed greater importance in the recent years due to advancement of technology, increase in size of business, complexity of human behavior etc. The main purpose o staffing is to put right man on right job i. Staffing involves:.
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It is that part of managerial function which actuates the organizational methods to work efficiently for achievement of organizational purposes. It is considered life-spark of the enterprise which sets it in motion the action of people because planning, organizing and staffing are the mere preparations for doing the work.
Direction is that inert-personnel aspect of management which deals directly with influencing, guiding, supervising, motivating sub-ordinate for the achievement of organizational goals.
Direction has following elements:. Supervision- implies overseeing the work of subordinates by their superiors.
Motivation- means inspiring, stimulating or encouraging the sub-ordinates with zeal to work. Positive, negative, monetary, non-monetary incentives may be used for this purpose.
Leadership- may be defined as a process by which manager guides and influences the work of subordinates in desired direction.
Communications- is the process of passing information, experience, opinion etc from one person to another.
It is a bridge of understanding. It implies measurement of accomplishment against the standards and correction of deviation if any to ensure achievement of organizational goals.
The purpose of controlling is to ensure that everything occurs in conformities with the standards.
4 Functions of Management Process: Planning, Organizing, Leading, Controlling
An efficient system of control helps to predict deviations before they actually occur. Therefore controlling has following steps:.
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