Business Studies, asked by akasharora290, 1 year ago

Limitaions and functions of management

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Answered by Anonymous
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Functions:-

Planning is the function of determining in advance what is to be done and who is to do it . This implies setting goals in advance and developing a way of achieving them.

Organising is the management function of assigning duties, grouping tasks, establishing authority and allocating resources required to carry out a specific plan.

Staffing simply stated , is finding the right people for the right job.

Directing involves leading, influencing and motivating employees to perform the tasks assigned to them.

Controlling is the management function of monitoring organisational goals.

Limitations:-

Changing nature

The principles of management are not static; with the growth of science and technology, the concepts of management are also changing. Old ideas are being eliminated and new ideas being innovated, old products are being out and new products are being put on the market and now likes and dislikes are developing every year. Similarly, modern and scientific management it taking place of traditional management.

Narrow concept

The narrow outlook of managers is also an important limitation of management. The habit of getting work done by others develops dictatorship and authoritarian attitude among the managers. Moreover work load is unnecessarily increased due to concentration of power in few hands only.

Flexibility in the principle

The techniques and polices of management are to be adjusted according to specific circumstances. For example, one principle may be good for one enterprise, but it may not be suitable for another. Similarly, a technique may be suitable for developed countries like England, America, Japan and Germany, but it may be unworkable in developing countries like India, Pakistan and Sri Lanka.

Effect of External factors

Management is the process of decision-making. But it is influenced by external factors. It has to operate within the economic fluctuations, policies of ruling party, interventional relations and climate conditions.

hope it helps..

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