Explain the functions of management in detail
Answers
Management refers to the activities, and often the group of people, involved in the four general functions:
Planning
Organizing
Staffing
Directing
Controlling
PLANNING:
It is the ongoing process of developing the business's mission and objectives and determining how they will be accomplished. Planning includes both the broadcast view of the organization, e.g. it's mission, and the narrowest, e.g. a tactic for accomplishing a specific goal.
ORGANIZING:
Organizing is an essential function of management. It is the process of accumulating resources from different sources in order to work according to the plans laid out by the management.
STAFFING:
It is function in which qualified people are appointed to different posts relating to their skills and strengths. The activities included in this function are recruiting, hiring, training, evaluating and compensating.
DIRECTING:
Directing is a function that comes after staffing of the organization, it is the function in which the management is supposed to lead, direct to a specific goal and motivate the employees for the achievement of any objective, big or small.
CONTROLLING:
It is a function in which the performance of the organization is measured and then evaluated after which the standard observed is determined to be either good or bad, which then in turn leads to taking preventive and corrective measures.