Functions Of Management

FUNCTIONS OF MANAGEMENT
Management consists of the functions given below. It is based on Henri Fayol's thinking on the functions of management.

FUNCTIONS OF MANAGEMENT
Management consists of thefunctions given below. It is based on Henri Fayol's thinking on the functions of management.

|
Planning: generating plans of action for immediate, short term, medium term and long termperiods. 1. Planning * Planning is decision making process. * It is making decisions on future course of actions. * Planning involves taking decisions on vision, mission, values, objectives,strategies and policies of an organization. * Planning is done for immediate, short term, medium term and long term periods. * It is a guideline for execution/implementation. * It is a measure tocheck the effectiveness and efficiency of an organization. | Organizing: organizing the resources, particularly human resources, in the best possible manner. 2. Organizing * Organizing involvesdetermination and grouping of the activities. * Designing organization structures and departmentation based on this grouping. * Defining the roles and responsibilities of the departments and ofthe job positions within these departments. * Defining relationships between departments and job positions. * Defining authorities for departments and job positions. | Staffing: positioningright people right jobs at right time. 3. Staffing * It includes manpower or human resource planning. * Staffing involves recruitment, selection, induction and positioning the people in theorganization. * Decisions on remuneration packages are part of staffing. * Training, retraining, development, mentoring and counseling are important aspects of staffing. * It also includesperformance appraisals and designing and administering the motivational packages. | Directing: (includes leading, motivating, communicating and coordinating): Communicate and coordinate with people to...