Question

Explain the various functions of management.

Describe briefly the functions of management.

Describe any five important functions of management.

Explain briefly any six functions of the management of an organisation.

Explain any four main functions of management.

Answer 1

1. Planning: Planning is the primary function of management. Planning is a constructive review of future needs so that present actions can be adjusted in view of the established goal.
2. Organizing: Organising is the process of establishing harmonious relationships among the members of an organization and the creation of a network of relationships among them.
3. Staffing: The staffing function comprises the activities of selection and placement of competent personnel.
4. Directing: Directing denotes motivating, leading, guiding, and communicating with subordinates on an ongoing basis in order to accomplish pre-set goals.
5. Controlling: Controlling is performed to evaluate the performance of employees and deciding increments and promotion decisions.
6. Co-ordination: Co-ordination is the synchronization of the actions of all individuals, working in the enterprise in different capacities.
7. Motivating: The goals are achieved with the help of motivation. Motivation includes increasing the speed of performance of a work and developing a willingness on the part of workers.

• Subsidiary Functions:

1. Innovation: Innovation includes developing new materials, new products, new techniques in production, new package, the new design of a product, and cost reduction.
2. Representation: A manager has to act as a representative of a company. It is the duty of every manager to have good relations with others.
3. Decision-making: Every employee of an organization has to take a number of decisions every day. Decision-making helps in the smooth functioning of an organization.
4. Communication: Communication is the transmission of human thoughts, views, or opinions from one person to another person. Communication helps the regulation of the job and co-ordinates the activities.

Answer 2

1. Planning: The deliberate choice of a future course of action to accomplish the intended outcomes is the focus of planning. It entails choosing goals, guidelines, protocols, etc. Making decisions and fixing problems are crucial components of planning. A plan is a predetermined path of action for the future. It outlines the goals to be met in the future as well as the actions necessary to reach them.
2. Organising: Following the creation of the plans, managers can carry them out by means of a network of authority-responsibility relationships. The process of creating such a framework is referred to as organising, and the framework itself is called organisation structure.
3. Staffing: Staffing is the process of filling the roles established by the organisational structure. It is focused on the organization's human resources. It is focused on the acquisition, development, use, and upkeep of human resources. It involves matching people with jobs to make sure the right man is doing the correct job.
4. Directing: Directing is concerned with the execution of plans through organised action. It is also known as 'Commanding' or 'Actuating.' The aspect of management that motivates employees to work productively and successfully towards achieving the organisation's goals is called directing.
5. Controlling: Controlling is the process of measuring performance, comparing it with the standards and taking corrective action wherever necessary.
6. Coordination: Coordination is not a management activity in and of itself. Since it is a part of every managerial function, it is the fundamental essence of management. Collaboration is crucial during the planning process to guarantee alignment between departmental plans and organisational goals. Harmonising, coordinating, and uniting individual efforts towards shared goals is known as coordination.