Functions of Management

and its objectives

WHAT ARE THE FUNCTIONS OF
MANAGEMENTS?
• The act of getting people together to accomplish desired goals and
objectives.
• Management is a set of principles relating to the functions of
planning, organizing, directing, and controlling, and the applications
of these principles in harnessing physical, financial, human and
informational resources efficiently and effectively to achieve
organizational goals.
5 main functions
• There are basically five primary functions of management. These
are:
• 1. Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling
Planning
• Planning is future oriented and determines an organization’s
direction.
• It is a rational and systematic way of making decisions today that will
affect the future of the company.
• It is a kind of organized foresight as well as corrective hindsight.
• It involves the predicting of the future as well as attempting to control
the events.
• It involves the ability to foresee the effects of current actions in the
long run in the future.
…
• The function of management that involves
• setting objectives and determining a course of
• action for achieving these objectives.
• • Planning includes both the broadest view of
• the organization, e.g., its mission, and the
• narrowest, e.g., a tactic for accomplishing a
• specific goal.
example
• For example, let's say Melissa the marketing manager has a goal of
increasing sales during the month of February. Melissa needs to first
spend time mapping out the necessary steps she and her team of
sales representatives must take so that they can increase sales
numbers. These steps might include things like increasing
advertisements in a particular region, placing some items on sale,
increasing the amount of required customer-to-sales rep contact, or
contacting prior customers to see if they are interested in purchasing
additional products. The steps are then organized into a logical
pattern so that Melissa and her team can follow them.
Organizing
• Organizing requires a formal structure of authority and the direction
and flow of such authority through which work subdivisions are
defined, arranged and co-ordinated so that each part relates to the
other part in a united and coherent manner so as to attain the
prescribed objectives.
…
• the function of organizing involves the determination of activities
that need to be done in order to reach the company goals, assigning
these activities to the proper personnel, and delegating the necessary
authority to carry out these activities in a co-ordinated and cohesive
manner.
….
• The second of the managerial functions is organizing. This step
requires Melissa to determine how she will distribute resources and
organize her employees according to the plan. Melissa will need to
identify different roles and ensure that she assigns the right amount
of employees to carry out her plan. She will also need to delegate
authority, assign work, and provide direction so that her team of sales
representatives can work towards higher sales numbers without
having barriers in their way.
Staffing
• Staffing is the function of hiring and retaining a suitable work-force
for the enterprise both at managerial as well as non-managerial
levels.
• It involves the process of recruiting, training, developing,
compensating and evaluating employees, and maintaining this
workforce with proper incentives and motivations.

• Since the human element is the most vital factor in the process of
management, it is important to recruit the right personnel.
…
• Filling and keeping filled with qualified people all positions in the
business.

• Recruiting, hiring, training, evaluating and compensating are the

specific activities included in the function.

• In the family business, staffing includes all paid and unpaid positions
held by family members including the owner/operators. Unctionsof
managemen