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what are the functions of management ? Related: Case Studies – (Chapt...
Functions of Management
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 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.

Planning
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. According to KOONTZ, “Planning is deciding in advance - what to do, when to do & how to do. It bridges the gap from where we are & where we want to be”. A plan is a future course of actions. It is an exercise in problem solving & decision making. Planning is determination of courses of action to achieve desired goals. Thus, planning is a systematic thinking about ways & means for accomplishment of pre-determined goals. Planning is necessary to ensure proper utilization of human & non-human resources. It is all pervasive, it is an intellectual activity and it also helps in avoiding confusion, uncertainties, risks, wastages etc.

Organizing
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. raw material, tools, capital and personnel’s”. To organize a business involves determining & providing human and non-human resources to the organizational structure. Organizing as a process involves:

Identification of activities.
Classification of grouping of activities.
Assignment of duties.
Delegation of authority and creation of responsibility.
Coordinating authority and responsibility relationships.
Staffing
It is the function of manning the organization structure and keeping it manned. 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.e. square pegs in square holes and round pegs in round holes. According to Kootz & O’Donell, “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”. Staffing involves:

Manpower Planning (estimating man power in terms of searching, choose the person and giving the right place).
Recruitment, Selection & Placement.
Training & Development.
Remuneration.
Performance Appraisal.
Promotions & Transfer.
Directing
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
Motivation
Leadership
Communication
Supervision- implies overseeing the work of subordinates by their superiors. It is the act of watching & directing work & workers.

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.

Controlling
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. An efficient system of control helps to predict deviations before they actually occur. 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”. According to Koontz & O’Donell “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”. Therefore controlling has following steps:
Establishment of standard performance.
Measurement of actual performance.
Comparison of actual performance with the standards and finding out deviation if any.
Corrective action.
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what are the functions of management ? Related: Case Studies – (Chapt...
Functions of Management

Management is a crucial element in any organization as it involves the coordination and direction of various resources to achieve the desired goals and objectives. The functions of management provide a framework for managers to effectively carry out their responsibilities. These functions include planning, organizing, staffing, directing, and controlling.

1. Planning:
Planning is the first and foremost function of management. It involves setting objectives, determining the course of action to achieve those objectives, and developing strategies and plans to guide the organization. It helps in defining the organization's mission, goals, and objectives, as well as in identifying the resources required to achieve them.

2. Organizing:
Organizing involves identifying and arranging the necessary resources, such as human, financial, and physical, to accomplish the planned objectives. It includes designing the organizational structure, allocating tasks and responsibilities, and establishing relationships between individuals and departments. Effective organizing ensures the efficient utilization of resources and promotes coordination and cooperation among employees.

3. Staffing:
Staffing involves the recruitment, selection, training, and development of suitable individuals for various positions within the organization. It ensures that the right people with the required skills and qualifications are hired and placed in appropriate roles. Proper staffing helps in building a competent and motivated workforce, which is essential for achieving organizational objectives.

4. Directing:
Directing is the process of guiding and supervising employees to accomplish their assigned tasks. It includes providing clear instructions, motivating and inspiring employees, resolving conflicts, and promoting effective communication within the organization. Effective direction ensures that employees understand their roles and responsibilities and work towards achieving the organization's goals.

5. Controlling:
Controlling is the final function of management that involves monitoring and evaluating the performance of individuals, departments, and the organization as a whole. It includes setting performance standards, measuring actual performance, comparing it with the desired standards, and taking corrective actions if required. Controlling helps in ensuring that the organization is on track towards achieving its objectives and allows for necessary adjustments to be made.

In conclusion, the functions of management provide a comprehensive framework for managers to effectively plan, organize, staff, direct, and control organizational activities. These functions are interrelated and interdependent, and their effective implementation is essential for the success and growth of any organization.
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