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Functions of Management
Planning
1
Organizing
5 4
Controlling
2
Directing
Staffing
What is Management?
Is Management a Science / Art
Management as Science Empirically derived Critically tested General principles Cause & effect relationship Universal applicability
Management as an Art Practical know how Technical skills Concrete results Creativity Personalized nature
Text
Functions of Management
Learning Objectives
What is Management Planning as a Function of Management a Function of Management Organizing as a Function of Management Staffing as a Function of Management Directing as a Function of Management Controlling as a Function of Management Summary
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What is a Plan?
It Involves?
It Answers
A plan is a predetermined course of action which provides purpose and direction of an organization.
Questions like What, how, where, when, etc. and bridges the gap between where we are & where we want to be.
Objectives
Goals Strategy
Mission
Vision
Objectives Concrete attainments that can be achieved by following a certain number of steps.
Supervision
Communication
Components of Directing
Motivation
Leadership
Leadership Leadership is essentially a continuous process of influencing behaviour. A leader breathes life into the group and motivates it towards goals. The lukewarm desires for achievement are transformed into burning passion for accomplishment Communication Communication is the transfer of information from one person to another by transmitting ideas, facts, thoughts, feelings & values. In its absence, organisation would cease to exist.
Summary
1
Planning It bridges the gap between where we are < and where we want to be It helps facing future with confidence
2
Organizing It involves grouping of task It involves specialisation, delegation, span of control, and departmentalization
3
Staffing Hiring Right people for right job It is devoted to acquiring, training, appraising, and compensating employees
4
Directing It involves supervision, motivation, leadership, and communication It is a very people oriented function of management
5
Controlling It involves setting standards, measuring performance as per standards, finding deviations, and taking necessary corrective action