Management is defined as a social process that involves the responsibility for effective and economical regulation and planning of enterprise operation in the achievement of certain targets. This is such a dynamic process that consists of various activities and elements. Such vary from operative functions like purchase, finance, marketing, etc. Despite the level of manager, this activity is common to each of them.
The management functions were classified by various experts. According to O’Donnell & Koontz, there are 5 main functions of management. Here they are for you to write the best five functions of management essay.
This is one of the most basic management functions, dealing with a definition of future course and making certain decisions to reach the goals. By planning, we mean making up your mind about how to do, when to do, and what to do. Another name of planning is a future course of activities. This is an exercise in decision making and problem-solving. The main target of planning is to provide a list of actions to reach certain targets. In other words, it is systematic thinking about means and ways for reaching pre-determined targets. It is important to make sure non-human and human resources are utilized properly. It is such an intellectual activity, helping to avoid wastages, risks, uncertainties, and confusion.
This is a process to bring together human, financial, and physical resources and developing an effective relationship for completing the targets. You should provide and determine non-human and human resources to the organizational structure. It includes:
- Classification of a grouping of the activities.
- Identification of activities.
- Creation of responsibility and delegation of authority.
- Assignment of duties.
- Coordinating responsibility relationships and authority.
It is a function of keeping the organization structure manned. It is very important today because of technology advancement, human behavior complexity, and an increase in business size. The main target of staffing is to provide the right man with the right job. Staffing includes:
- Training & Development.
- Recruitment, Selection & Placement.
- Performance Appraisal.
- Manpower Planning.
- Promotions & Transfer.
This part actuates the organizational ways to work effectively for reaching certain goals. It is an enterprise life-spark, setting people to act since staffing, organizing, and planning are mere preparations for completing the work. Directing deals directly with motivating, supervising, guiding, influencing to achieve organizational targets. It features the following elements:
Motivation supposes encouraging, stimulating, inspiring employees to zeal to work. Non-monetary, monetary, negative, and positive incentives might be utilized for this target.
Supervision involves overseeing the employee’s work by the superiors. It is a process of directing and watching workers and work.
Communication is a process of passing opinion, experience, data from person to person. In other words, it is a bridge of understanding.
Leadership is a process when a manager influences and guides the work of employees to reach the desired goal.
By this term, we mean accomplishment measurement against correction and standards of deviation to make sure the goals of the company are reached. The main target of it is to make sure everything happens according to the standards. So deviations are prevented before they actually occur. There are several steps of controlling like these:
- Establishment of the standard performance.
- Actual performance measurement.
- Comparison of actual performance with the highest standards and defining the deviation if there is any.
- Corrective action.
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