Question

What is the function of management in an organization?

Answer 1

In an organization, management is the authority that holds the power of decision making. An organization cannot operate without a management. It is one of the four factors of business, enterprise. 

Management in an organization has following functions:

(i) Planning: It is responsible to plan for the future ventures of the organization. It portrays business plans for the organization. 

(ii) Organization: Organizing production is the responsibility of the management. It has to make arrangements for the productions of the goods or services. 

(iii) Leadership: Management is the building block of the organization. It has to lead projects as well as provide motivation to employees and create good working environment. 

(iv) Controlling: The management is responsible to balance the trading and income of the organization. It keeps the balance of capital; profit and loss. 

Answer 2

Answer:

Management roles also known as roles of manager in the organisation are as follows;

-Planning

-Organizing

-Staffing

-Directing

Explanation:

Roles of management in the organisation in detail.

•Planning

It is the rational and systematic way of decision making by the management now that will affect the future performance and return of the organisation.

•Organizing

It the determination of the activities that needs to be done to arrive or achieve the organization's goal by the management that were set during planning.

•Staffing

The process curried out by the management to recruit, train, develop, and evaluate the employees to form a workforce and maintain this workforce by proper incentive and motivation.

•Directing

Management getting involved in the issuing of instructions and guiding the employees on what is expected of them to achieved the objective of the organization.