Functions of Management – Principles Of Management | BBA Notes

Principles Of Management

Functions of Management
Meaning of Managemnt
Principles Of Management
BBA Notes

Management is the process of managing and working with people to accomplish organizational goals. The functions of management include planning, organizing, staffing, directing, coordinating, leading, controlling etc.

Planning:

Planning is the primary function of  management.Planning is concerned with the determination of goals to be achieved and the course of action to be followed. Planning sets the goals and decides how to achieve them. It discovers alternatives and choose course from among future of action alternatives. It is a rational and intellectual process, which is concerned with deciding in advance what is to be done in the future. Thus, planning the process of establishing goals and choosing a course of action for achieving those goals.

Organizing:

Organizing means grouping activities, assigning activities, and providing the authority necessary to carry out the activities Organizing may be defined as identifying, assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals. All the tasks necessary to achieve goal are assigned to people and creating authority-responsibility relationship among them.

Staffing:

Staffing is the human resource management function in organization. It is the process of determining human resource needs and recruiting, selecting, training and developing human resources. A manager decides how many and what kind of people a business needs to meet its goals and then recruits, selects, and trains the right people. Thus, it is hiring and assigning people to carryout tasks.

Leading:

Leading is the process directing, motivating, and communicating with employees to perform tasks for goal achievement. It is concerned with interpersonal aspect of managing and directing the activities of others. Managers work with people and resources to accomplish organizational goals. Leading takes place in teams, departments and divisions. To be good leaders, managers must be knowledgeable about human behavior, the concept of leadership, and communication.

 Controlling:

Controlling is the management function of monitoring progress and making needed changes. It measures and corrects the performance to achieve planned targets. Planning, or and leading do not guarantee success. Controlling monitors progress and implements necessary changes. It is the process of measuring and comparing operating results with the plans and taking corrective results when results deviate from plans.

Source :Principles Of Management ( Asmita Publication)

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