Fundamentals of Management: Functions of Management: Planning, Organizing, Staffing, Directing, Controlling and Co-Ordinating (For CBSE, ICSE, IAS, NET, NRA 2022)

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Functions of Management

The Functions of Management in Image

Planning

  • Deciding in advance what is to be done, when it is to be done, how it is to be done.
  • Basically, concerned with the selection of goals to be achieved.
  • This involves:
    • Forecasting
    • Establishing targets
    • Developing the policies and programming
    • Scheduling the action
    • Procedure, etc.

Organizing

  • After the plan management has to organize the activities, and physical resources of the firm.
  • To carry out the selected programs successfully.
  • Primarily concerned with identifying the tasks.
  • Defining the duties and responsibilities of people in various positions within each department.

Staffing

  • Concerned with employing people for the various activities to be performed.
  • Objective is to ensure that suitable people have been appointed for different positions.
  • Includes the functions of:
    • Recruitment
    • Training and development
    • Placement and remuneration
    • Performance appraisal of the employees

Directing

  • Manager should be a good leader.
  • He should be able to command and issue instruction.
  • Managers should also understand the needs of subordinates.
  • Also, inspire them to do their best and encourage initiative and creativity.
  • It includes:
    • Guiding the subordinates
    • Supervising their performance
    • Communicating effectively and motivating them

Controlling

  • Function of management consists of the process.
  • Taken to ensure that the performance of work is in related with the plans.
  • It involves:
    • Establishing performance standards
    • Measuring the actual performance with the standards set
  • Some corrective steps are taken it includes:
    • Revision of standards
    • Regulate operations
    • Remove deficiencies
    • Improve performance

Co-Ordinating

  • To achievement of the objectives of the business.
  • It requires integration of activities and synchronization of efforts.
  • Work of every department is significant for the organisation as a whole.
  • It consists of harmonizing group effort so as to achieve common objectives.

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