FIVE FUNCTIONS OF MANAGEMENT
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These functions separate the management process from other business functions such as marketing, accounting and finance.
Each of the functions of management is related to each other and the functions complement each other.
Planning
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5
Organizing
Controlling
3 Commanding
4 Coordinating
FIVE FUNCTIONS OF MANAGEMENT
01
Planning Under the process of planning, the objectives of the organization are defined in simple and clear words. Place your text here, this is an example text. Go a head replace Planning is always with your own text done for future and future is uncertain. With the help of planning, possible Place your in text here, this an example text. a head replace changes future areisanticipated andGo various with your own text activities are planned in the best possible way. Under planning, future activities are planned in order Place your text here, this is an example text. Go a head replace to objectives. Consequently, the problems of withachieve your own text when, where, what and why are almost decided. Place your text this is an example text. Go alternative a head replace It is clear thathere, planning selects the best with your own text out of the many available. All these alternatives do not come to the manager on their own, but they have to be discovered.
FIVE FUNCTIONS OF MANAGEMENT
02
Organizing Organizing is the function of management that involves Place your text here, this an is anorganizational example text. Go a head replace developing structure with your own text and allocating human resources to ensure the TheGostructure of accomplishment Place your text here,of thisobjectives. is an example text. a head replace with your own text the organization is the framework within which effort coordinated. Placeis your text here, this is an example text. Go a head replace with your own text
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FIVE FUNCTIONS OF MANAGEMENT
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Commanding Optimizing return from all employees to benefit the Place your text here, this isisanimportant. example text. Go a head replace entire enterprise The most with your own text successful managers have personal integrity, clearly base text. their communicate Place your text here, this isand an example Gojudgments a head replace with your own text on regular audits. They create unity, energy, initiative loyalty eliminate Place yourand text here, this isand an example text. Go a head replace with your own text incompetence. Place your text here, this is an example text. Go a head replace with your own text
FIVE FUNCTIONS OF MANAGEMENT
04
Coordinating Coordinating function of the management consists Place your here, this is an example text. Go parts a head replace oftext inter-relating the various of the with your own text work as well as the work of different It involves coordinating the replace various departments. Place your text here, this is an example text. Go a head with your own text job roles and responsibilities of the employees so that they good relationship the replace co Place yourhave text here, this is an example text.with Go a head with your own text delivering the output. It also employees while consists of developing relationship with Place your text here, this is an example text. Go a head replace stakeholders and the environment under which with your own text the organization operates.
FIVE FUNCTIONS OF MANAGEMENT
05
Controlling Controlling consists of verifying whether everything Place your text here, this an example text. with Go a head occurs in isconformities thereplace plans with your own text adopted, instructions issued and principles that is established. Place your textControlling here, this is an ensures example text. Go athere head replace with your own text effective and efficient utilization of organizational resources so as to Place your text here, this is an example text.achieve Go a headthe replace with your own text planned goals. Controlling measures the deviation of actual performance from the Place your text here, this is an example text. Go a head replace standard discovers the causes of with your performance, own text such deviations and helps in taking corrective actions.
FIVE FUNCTIONS OF MANAGEMENT
Planning
Planning is the ongoing process of developing the business's mission and objectives and determining how they will be accomplished.
Organizing Organizing is an essential function of management. It is the process of accumulating resources from different sources in order to work according to the plans laid out by the management.
1
2
Commanding The commanding of subordinates should always be consistent with company policies, and every manager should treat subordinates in line with the standards of the company.
5
3
4
Controlling Controlling is a function in which the performance of the organization is measured and then evaluated after which the standard observed is determined to be either good or bad, which then in turn leads to taking preventive and corrective measures.
Coordinating coordinating function is the orderly arrangement of individual and group efforts to provide unity of action in the pursuit of a common goal.
DEWAN V.S. GROUP OF INSTITUTIONS
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