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Few definitions of Management
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- “Management is a separate process consisting of actions planning, organising, actuating, and regulating. Undertaken to establish and execute specified objectives using human beings and other resources,” says Terry and Franklin.
- “Management is the act of developing and sustaining an environment in which individuals, working together in groups, efficiently accomplish designated goals,” according to Koontz and Weihrich.
- “Management is an art of recognising what has to be done and seeing that it is done in the greatest possible way,” says F. W. Taylor.
- “Management is forecasting, planning, organising, commanding, coordinating, and controlling the activity of others,” says Henri Fayol.
- “Management is a social and technological process that employs resources, influences human behaviour, and supports change to achieve organisational objectives.” William Scott & Theo Haimann.
What Are The Key Functions of Management?
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Planning –
Planning is the most elementary management role. It is related to planning a future course of action and finding the most appropriate course of action in advance for the accomplishment of predetermined objectives.
Organising
Organising is regarded as a process that brings together human resources financial, as well as building effective relationships between them, in terms of achieving organisational objectives. “To organise a firm is to equip it with everything needed for its operation, such as raw material, tools, capital, and employees,” says Henry Fayol. Organising a company incorporates finding and allocating non-human and human resources to the organisational structure.
Staffing
Staffing is a process that is mainly concerned with the management of organizations and its structure. It has become the most integral part of any organization with the development of technology, increased corporate scale, and the complexity of human behaviour, among other factors.
Directing
Directing is the component of the management job that enables organisational procedures to work efficiently in term of fulfilling organisational goals.
Controlling
Controlling demonstrates measuring achievement against correcting deviations, if any, in order to guarantee that corporate goals are met. The goal of regulating is to guarantee that everything happens in accordance with the rules. According to Theo Haimann controlling is regarded as a process of finding whether or not sufficient progress toward the objectives and goals are achieved and, if necessary, acting to remedy any divergence.
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