NAME – YASH VARDHANCOURSE – B.M.S(HONS.)SUBJECT – PRINCIPLES OF MANAGEMENT

SESSION – 2013-2014

TOPIC

Functions of managemen

t

WHAT IS MANAGEMENT

Management means – It is a creation of an internal environment where

individuals are working in a group can perform effectively and efficiently for

the achievement of their organisational goal.

BY – KNOOTZ AND O DNELL

FEATURES OF MANAGEMENT PROCESS

Management process is characterised by following features are :- Social process Continious process Universal Interrelated

Social process – The entire management process is regarded as a social process because success of all Organisational depends upon the co-operation of theWorkers.Continious process – Management functions are continious or never ending in nature because if one function is completed then automatically next will be started.Universal – Management functions are universal in nature because these functions are required in every Organisation, without management functions no organisation can survive.

Interrelated – Management functions are interrelated because the performance of the next function start only when the previous function was finished.

FUNCTIONS OF MANAGEMENT

PLANNINGPlanning means “ Thinking in advance what is to be done, when is to be done, how is to be done and by whom is to be done.

PLANNING PROCESS

Setting up of objectives Developing premises Listing various alternatives for achieving objectives

Evaluation of alternatives

Select an alternative

Implement the planFollow up

ORGANISINGOrganising means – identifying and grouping different activities in the organisation and bringing together the physical, financial, and human resource to establish most productive relations for the achievement of specific goal of organisation.

ORGANISING PROCESS

Identification and division Of work

Grouping the jobs anddepartmentalisation

Assignment ofduties

Establishing reportingrelationship

STAFFINGStaffing means - Finding the right person for the right job having the right qualification, doing the right job at the right time

STAFFING PROCESSEstimating the man power

requirement

Recruitment

Selection

Placement and orientation

Trainning and development

DIRECTINGDirecting means - Instructing, guiding, inspiring and motivating the employees in the organisation so that efforts results in achievement of organisational goal.

ELEMENTS OF DIRECTING

DIRECTING

Supervision

Motivation

Communication

Leadership

CONTROLLINGControlling means – Compare of actual performance with the planned performance. If there is any deviation then finding the reasons for such deviation and taking corrective measures so that in future there will be a match between actual and planned performance.

CONTROLLING PROCESSEstablishing standards

Measuring of performance

Comparing actual performance with

standards

Analysing the deviation

Taking corrective measures

Relative Amount of Time That Managers Spend on the Four Managerial Functions

CONCLUSION

To Sum Up, Management functions are not only helpful in achieving in any organisation’s goals butalso they help in getting disired results in each and every sphere of life. If these management functions are added with anicient Indian Moral & Ethical Values then it becomes Jewel-in-the-Crown. Thanks

BIBLOGRAPHY

Business studies book

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