According to KOONTZ, Planning is deciding in advance - what to do, when to do & how to do. Organizing as a process involves: It is the function of manning the organization structure and keeping it manned. In Webster’s New 20th Century Dictionary (unabridged), “management” is defined as follows: s the act, art, or manner of … It is a bridge of understanding. An efficient system of control helps to predict deviations before they actually occur. According to Henry Fayol, To manage is to forecast and plan, to organize, to command, & to control. %�쏢
Direction has following elements: Supervision- implies overseeing the work of subordinates by their superiors. It is all pervasive, it is an intellectual activity and it also helps in avoiding confusion, uncertainties, risks, wastages etc.
raw material, tools, capital and personnels.
Successful managers will assure you that their employees are their most important asset.
By far the most important is the mission. Classification of grouping of activities. According to KOONTZ, Planning is deciding in advance - what to do, when to do & how to do. Brech, "Management is concerned with seeing that the job gets done, its tasks all centre on planning and guiding the operations that are going on in the enterprise." —Roger Dawson 1 CHAPTER O BJECTIVES • Establish the bene ts of planning and address the implications of the failure to plan. In general, managementis the process of getting things accomplished with and through people by guiding and motivating their efforts toward common objectives. %�쏢 It bridges the gap from where we are & where we want to be. they are highly inseparable. According to Theo Haimann, Controlling is the process of checking whether or not proper progress is being made towards the objectives and goals and acting if necessary, to correct any deviation. These activities are different from operative functions like marketing, finance, purchase etc. Thus, planning is a systematic thinking about ways & means for accomplishment of pre-determined goals. Comparison of actual performance with the standards and finding out deviation if any. Positive, negative, monetary, non-monetary incentives may be used for this purpose.
Planning is determination of courses of action to achieve desired goals. day with the basic management functions as they are introduced. The functions of management are the handling of community with a view of fulfilling the purposes for which it exists." 7 0 obj It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals. According to Henry Fayol, To organize a business is to provide it with everything useful or its functioning i.e. Looking ahead into the future and predict possible trends or occurrences which are likely to influence the working situation is the most vital quality as well as the job of a manager.Planning means setting an organization’s goal and deciding how best to achieve them. Therefore controlling has following steps: Learn management concepts & skills rapidly with easy to understand, richly illustrated self-paced learning modules & downloadable powerpoint presentations. It requires the efficient use of resources combined with the guidance of people in order to reach a specific organizational objective. To organize a business involves determining & providing human and non-human resources to the organizational structure. It implies measurement of accomplishment against the standards and correction of deviation if any to ensure achievement of organizational goals. Each function blends into the other & each affects the performance of others.
It is an exercise in problem solving & decision making. According to Koontz & ODonell Controlling is the measurement & correction of performance activities of subordinates in order to make sure that the enterprise objectives and plans desired to obtain them as being accomplished. Direction is that inert-personnel aspect of management which deals directly with influencing, guiding, supervising, motivating sub-ordinate for the achievement of organizational goals. We are a ISO 9001:2015 Certified Education Provider.
It is the basic function of management.
It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals.
stream stream The purpose of controlling is to ensure that everything occurs in conformities with the standards. Management has been described as a social process involving responsibility for economical and effective planning & regulation of operation of an enterprise in the fulfillment of given purposes. It involves the predicting of the future as well as attempting to control the events. It is a kind of organized foresight as well as corrective hindsight. planning, organizing, actuating and controlling. s�a���\������t���=5������:�.�ln-�Z���4܆�c���K��6DT���ݩc. It is the act of watching & directing work & workers. The main purpose o staffing is to put right man on right job i.e. As a premium member, you get access to view complete course content online and download powerpoint presentations for more than 200 courses in management and skills area. Management Study Guide is a complete tutorial for management students, where students can learn the basics as well as advanced concepts related to management and its related subjects. ]��\�� But the most widely accepted are functions of management given by KOONTZ and ODONNEL i.e.
%PDF-1.4 <> Rather these activities are common to each and every manger irrespective of his level or status. According to Kootz & ODonell, Managerial function of staffing involves manning the organization structure through proper and effective selection, appraisal & development of personnel to fill the roles designed un the structure. �mW�$��@����4b��s��N�7��d��y���u�BjZ���MXm��OwZ7�'����D$��;�)(H��jH��:A� ��0T��-W_�=dJl|�7!��2��;�e6H���Ɨy5Hhb���6�` Wn��P}��F����N�ȁ͓�E~;��f��j�\ ����5{��R,���D38B/Le>Pv� нo�N�ᣬ���H_Կ�i��fUgk��;�Vw��D,VV�x�����(��Ȅ�\!��AO�B��������4��u�h�U���xAە��j/Ng�0��1;�����O�6�Q��EVULѯ�A���8���RjG��U�+��{�^Z���F�e�(������H#cs��������HW��=����I���I��-��c�i̩͇ͅy��;�®@ ��5�1U� �OL�YH�k�t̟�]vF�S4���P���u=��ћ3�ը�G�,�/�UM���B�� It involves responsibility to achieve the objectives and to fulfill specific organizational purposes through economical and effective planning and regulation. Whereas Luther Gullick has given a keyword POSDCORB where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Budgeting. It involves the ability to foresee the effects of current actions in the long run in the future.Peter Drucker has defined plannin… To understand the functions of management, you must first examine what management is about. Planning is future-oriented and determines an organization’s direction. %PDF-1.4 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. Planning is necessary to ensure proper utilization of human & non-human resources. 7 0 obj Basic Management Functions Great success in any enter prise comes from a balanced combination of three elements: the mission, the leadership, and the people who make it happen. Staffing has assumed greater importance in the recent years due to advancement of technology, increase in size of business, complexity of human behavior etc.
Delegation of authority and creation of responsibility. Leadership- may be defined as a process by which manager guides and influences the work of subordinates in desired direction. It bridges the gap from where we are & where we want to be. Motivation- means inspiring, stimulating or encouraging the sub-ordinates with zeal to work.
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