Five Functions of Management:
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1) Planning
Planning refers to thinking before hand. Under this it is decided :
-What is to be done?
- How it is to be done?
-When it is to be done?
-By whom it is to be done?
2) Organising
Adjustments of various elements to achieve common objectives. It involves determining activities needed to achieve the objectives, grouping these activities into departments, assigning such groups of activities of manager's and defining inter-relationship among various posts so that unnecessary activities can be eliminated.
3) Staffing
Refers to filling and keeping filled the posts with people. It ensures that competent persons are appointed. The chief activities undertaken in it are :
-Recruitment
-Selection
-Training
-Promotion
-Transfer, etc.
4) Directing
In this a manager is instructing, guiding, communicating, and inspiring people in the organization.
It includes four activities:
a) Supervision
Supervision means monitoring the progress of work of one's subordinates and guiding them properly.
b) Communication
It is an art of transferring facts, ideas, feelings, etc. from one person to another and making him understand them.
c) Leadership
This the quality which influence the people for achieving the goal of a group or an organization.
d) Motivation
This is a process which excites people to work for the achievement of a desired objective of the group or an organisation.
5)Controlling
Controlling refers to bring the actual results closer to desired results. Under controlling, deviations are are taken to be noticed in the actual work progress and the standards already determined, the causes of deviations are determined, the causes of deviations are found out and corrective action is taken so that in future the mistakes are not repeated.
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