Management is the process of working with different resources to accomplish organizational goals. Good managers do those things both effectively and efficiently.To be effective is to achieve organizational goals. To be efficient is to achieve goals with minimum waste of resources, that is to make the best possible use of money, time, materials and people.
Function of Management
What can managers do to be effective and efficient? the management process, properly executed, involves a wide variety of activities including planning, organizing, leading and controlling.
Planning
Planning is specifying the goals to be achieved and deciding in advance the appropriate actions taken to achieve those goals. planning activities include analysing current situations, anticipating the future, determining objectives, deciding what types of activities the company will engage in, choosing corporate and business strategies, and determining the resources needed to achieve the organization's goals. The outcome of the planning process is the organization's strategy.
Organizing
Organizing is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals. Activities include attracting people to the organization, specifying job responsibilities, grouping jobs into work units, marshalling and allocating resources, and crating conditions so that people and things work together to achieve maximum success.
Leading
Leading is stimulating people to be high performers. It is directing, motivating, and communicating with employees, individually and in groups. Leading involves close day-to-day contact with people, helping to guide and inspire them toward achieving team and organizational goals.
Controlling
Comprehensive plans; solid organization, and outstanding leaders do not guarantee success. the fourth functional controlling, monitors progress and implements necessary changes.When managers implement their plans, the often find the things are not working out as planned.
Function of Management
What can managers do to be effective and efficient? the management process, properly executed, involves a wide variety of activities including planning, organizing, leading and controlling.
Planning
Planning is specifying the goals to be achieved and deciding in advance the appropriate actions taken to achieve those goals. planning activities include analysing current situations, anticipating the future, determining objectives, deciding what types of activities the company will engage in, choosing corporate and business strategies, and determining the resources needed to achieve the organization's goals. The outcome of the planning process is the organization's strategy.
Organizing
Organizing is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals. Activities include attracting people to the organization, specifying job responsibilities, grouping jobs into work units, marshalling and allocating resources, and crating conditions so that people and things work together to achieve maximum success.
Leading
Leading is stimulating people to be high performers. It is directing, motivating, and communicating with employees, individually and in groups. Leading involves close day-to-day contact with people, helping to guide and inspire them toward achieving team and organizational goals.
Controlling
Comprehensive plans; solid organization, and outstanding leaders do not guarantee success. the fourth functional controlling, monitors progress and implements necessary changes.When managers implement their plans, the often find the things are not working out as planned.
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