Functions of Management George and Jerry explained four fundamental functions of management. According to them functions of management are planning, organizing, actuating and controlling. POSDCORB is the key word used by Luther Gullick to explain the functions of management In POSDCORB; P stands for planning, O for organizing, S for staffing, D for directing, Co for co-ordination, R for reporting and B for budgeting. Planning Deciding in advance what to do, how to do, why to do, where to do and who will be responsible for doing is planning. Determination of the objectives of business, splitting of objectives into goals for each department of the organization and formulating policies, programs, procedures rules and regulations and budget are
A manager has to perform all five functions to achieve goals, i.e. Planning, Organizing, Staffing, Directing, and Controlling. Leadership is a part of these functions. Leadership as a general term is not related to manager. A person can be a leader by virtue of qualities in him.
Q3. With reference to each organisation (Block Limited and Fones Limited), discuss the role of management in motivation. A manager cannot force an employee to be successful at his job, but he can motivate him with fair treatment, proper incentives and adequate compensation. It is the role of management to lead by example and motivate employees to do their best. The role of management in motivating Conclusion The 14 principles of management founded by Mr Henri Fayol can be used to manage organizations and are useful tools for forecasting, planning, process management, organization management, decision-making, coordination and control.
Henry Fayol came up with general management principles, which properly defined management as an important role in an organization’s effectiveness. His 14 principles were; the division of work; authority and responsibility; discipline; units of command; its of direction; subordination of individual interest to general interest; remuneration of personnel; centralization; line of authority; order; equity; stability of tenure; initiative; and esprit de corps. He had 5 main functions of management, which has since then been narrowed down to 4. They are planning, organizing, leading and controlling. Each of these functions play a vital role in the management process, and will be discussed in this
The level of managers and their responsibilities In his article “The Management Theory Jungle”, Harold Koontz clearly elaborates Management as “the art of getting things done through and with people in formally organized groups” (Koontz, 1961). In order to do this managers perform certain type of functions which includes planning, organizing, staffing, leading and controlling. Many managers work in an organization and regardless of organization or company size they are responsible for meeting organizational goals. However, the amount of time a manager contributes to achieve these objectives depends on their managerial positions and the needs of the organization. The hierarchy of these managerial positions is called Levels of Management.
Unit 4: Functions of Management 4.1 INTRODUCTION No matter how big or small the organization is; planning is the core step to keep the organization running. Even, in our day-to-day life, one can notice, how planning prepares us for upcoming as well as unforeseen events. In an organization, a team of managers works at different levels to keep the organization running without much struggle. Planning is a technique of thinking prior to achieve certain target by organising and managing the activities accordingly. It comprises of the creation and maintenance of a plan like psychological aspects, which needs conceptual skills.
The purpose of planning is also to minimize the cost of performance and eliminate unproductive efforts. It also helps the management in adopting and adjusting according to the changes that take place in the environment. Planning also provides a basis for teamwork
The method devised for setting objectives, developing policies, and delineating responsibilities, tasks and schedules to accomplish the desired goals. Planning is one of the most quintessential techniques pertaining to project and time management. Planning basically means to formulate a categorization of tasks and action steps to achieve a particular goal. If one plans effectively, the work is likely to be done very efficiently. The extra effort and time that goes into doing a task can be minimized to achieve goals.
With effective planning, irrational approaches are minimized along with duplication of works and conflict between the departments. As tasks to perform are already designed while planning, it helps to increase innovation and creativity among the construction project managers. Innovation and creativity result in good and effective outcome. Planning is also a base and support or the project as the accomplishment of it is dependent upon the effective planning and its implementation. In addition, planning also helps in predicting the issues which might come while implementing the project and provide solutions to them or avoid them before the execution plan begins.