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Functions of Management

The document discusses the five primary functions of management: planning, organizing, staffing, directing, and controlling. It explains that planning involves setting goals and strategies, organizing is establishing an organizational structure and allocating resources, staffing is recruiting and selecting employees, directing is motivating and leading employees to achieve goals, and controlling is monitoring performance and taking corrective actions when needed. The document also provides further details on each of the five functions of management.

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Bavya Raj
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41 views

Functions of Management

The document discusses the five primary functions of management: planning, organizing, staffing, directing, and controlling. It explains that planning involves setting goals and strategies, organizing is establishing an organizational structure and allocating resources, staffing is recruiting and selecting employees, directing is motivating and leading employees to achieve goals, and controlling is monitoring performance and taking corrective actions when needed. The document also provides further details on each of the five functions of management.

Uploaded by

Bavya Raj
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment-1

Management Principles And


Organizational Behaviour

By

Bavya R
19epmb013
FUNCTIONS OF MANAGEMENT

Management in some form or another is an integral part of living and is essential


wherever human efforts are to be undertaken to achieve desired objectives. The
basic ingredients of management are always at play, whether we manage our lives
or business. Management is a set of principles relating to the functions of planning,
organizing, directing, and controlling, and the applications of these principles in
harnessing physical, financial, human and informational resources efficiently and
effectively to achieve organizational goals.

Planning, organizing, leading, and controlling are the 4 functions of management;


which works as a continuous process. First; managers must set a plan, then
organize resources according to the plan, lead employees to work towards the plan,
and finally, control everything by monitoring and measuring the effectiveness of
the plan.

Management is essential for an organized life and necessary to run all types of
organizations. Managing life means getting things done to achieve life’s objectives
and managing an organization means getting things done with and through other
people to achieve its objectives.

There are basically five primary functions of management. These are:

1.Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling
The controlling function comprises coordination, reporting, and budgeting, and
hence the controlling function can be broken into these three separate functions.
Based upon these seven functions, Luther Gulick coined the
word POSDCORB, which generally represents the initials of these seven
functions i.e. P stands for Planning, O for Organizing, S for Staffing, D for
Directing, Co for Co-ordination, R for reporting & B for Budgeting.

1.Planning

Planning is looking ahead. According to Henri Fayol, drawing up a good plan of


action is the hardest of the five functions of management. This requires an active
participation of the entire organization. With respect to time and implementation,
planning must be linked to and coordinated on different levels. Planning must take
the organization’s available resources and flexibility of personnel into
consideration as this will guarantee continuity.

2. Organizing
An organization can only function well if it is well-organized. This means that
there must be sufficient capital, staff and raw materials so that the organization can
run smoothly and that it can build a good working structure. The organizational
structure with a good division of functions and tasks is of crucial importance.
When the number of functions increases, the organization will expand both
horizontally and vertically. This requires a different type of leadership. Organizing
is an important function of the five functions of management.

3. Commanding
When given orders and clear working instructions, employees will know exactly
what is required of them. Return from all employees will be optimized if they are
given concrete instructions with respect to the activities that must be carried out by
them. Successful managers have integrity, communicate clearly and base their
decisions on regular audits. They are capable of motivating a team and
encouraging employees to take initiative.

4. Coordinating
When all activities are harmonized, the organization will function better. Positive
influencing of employees behaviour is important in this. Coordination therefore
aims at stimulating motivation and discipline within the group dynamics. This
requires clear communication and good leadership. Only through positive
employee behaviour management can the intended objectives be achieved.

5. Controlling
By verifying whether everything is going according to plan, the organization
knows exactly whether the activities are carried out in conformity with the plan.

Control takes place in a four-step process:

1. Establish performance standards based on organizational objectives


2. Measure and report on actual performance
3. Compare results with performance and standards
4. Take corrective or preventive measures as needed

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