FUNCTIONS OF MANAGEMENT
The word 'management' has its origin in the Greek word 'nomos' which means
management. It is concerned with human beings whose behaviour is highly
unpredictable. A group of people, who accept the responsibility to run an
organization forms the management of that organization.
Management can be defined as a process of getting the work or the task done
that is required for achieving the goals of an organisation in an efficient and
effective manner.
Functions of management
The purpose of management is to unify the efforts of different individuals in an
organization towards achieving a common goal. These are some functions of
management:
1. 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.
Approaches to planning include:
• Strategic planning: Strategic planning usually creates goals for the entire
organization. It analyses threats to the organisation, evaluates the
organisation's strengths and weaknesses and creates a plan of how the
organisation can best compete in its environment. Strategic planning usually
has a long timeframe of three years or more.
• Tactical planning: Tactical planning is the shorter-term planning of an
objective that takes a year or less to achieve. Organisations usually use
tactical planning to improve a department or area such as its facilities,
production, finance, marketing or personnel.
The word 'management' has its origin in the Greek word 'nomos' which means
management. It is concerned with human beings whose behaviour is highly
unpredictable. A group of people, who accept the responsibility to run an
organization forms the management of that organization.
Management can be defined as a process of getting the work or the task done
that is required for achieving the goals of an organisation in an efficient and
effective manner.
Functions of management
The purpose of management is to unify the efforts of different individuals in an
organization towards achieving a common goal. These are some functions of
management:
1. 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.
Approaches to planning include:
• Strategic planning: Strategic planning usually creates goals for the entire
organization. It analyses threats to the organisation, evaluates the
organisation's strengths and weaknesses and creates a plan of how the
organisation can best compete in its environment. Strategic planning usually
has a long timeframe of three years or more.
• Tactical planning: Tactical planning is the shorter-term planning of an
objective that takes a year or less to achieve. Organisations usually use
tactical planning to improve a department or area such as its facilities,
production, finance, marketing or personnel.
