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Functions Of Management
Planning
All managers must plan, that is, setting out steps for the attainment of future organizational
objectives. It involves formulating the policies and programmes for the firm.
Organizing
Organization reduces cost, time, chaos and conflicts. Managers must obtain all the necessary tools,
machinery and personnel for each task and arrange all tasks so that they are done in the most
efficient manner.
Directing
Managers must guide subordinates by giving them instructions to perform the tasks assigned.
Delegating
Delegating duties involves giving others (e.g. supervisors) the authority to have specific tasks
completed through the management of others. Therefore, supervisors will ensure that workers
complete tasks assigned. Delegation reduces the workload of the manager.
Controlling
Managers must continually measure the activities of subordinates, ensuring that all activities
conform to plan.
Coordinating
Managers must bring together all the various organizational tasks so that the organization may
function harmoniously.
Motivating
Managers must inspire workers to perform their tasks well.
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Responsibilities Of Management
Management must be aware of their responsibilities to the various groups that they interact with for
the successful running of the business.
2. To employees – Managers must pay adequate wages and provide good working conditions.
3. To customers – Managers must ensure that products are of good quality and are reasonably
priced.
4. To the society – Managers must find ways to reduce harmful air pollution and the discharge of
harmful waste created by the production process into rivers and seas.
Integrity
It is important for a leader to posses this quality as it makes them trustworthy. They are perceived as
honest and therefore command the respect of their subordinates.
Intelligent
This is a very important characteristic for leaders. It refers to being rational and having good
judgment when making decisions. Leaders are decision makers and therefore need to be
intelligent. This characteristic also refers to shrewdness and therefore describes someone who is
smart, perceptive and wise.