5 FUNCTIONS OF MANAGEMENT Effective management and leadership involve creative problem solving, motivating employees and making sure the organization accomplishes objectives and goals. There are five functions of management and leadership: planning, organizing, commanding, coordinating and controlling.
FIVE FUNCTIONS OF MANAGEMENT - Overview -
Planning actions as a function evaluates the goals of the company and then sets a course for success. This function evaluates the existing activities and goals. Managers then schedule activities that will lead to achieving those goals.
Controlling systems refers to all the processes that leaders create to monitor success. Sports coaches have a saying, "Winners keep score," meaning that winners know where they are and know what is necessary to achieve a goal.
PLANNING
CONTROLLING
ORGANIZING
COMMANDING
COORDINATING
The organizing function brings resources together to achieve the goals established in the planning function. Resources include materials, personnel and financial backing. Leaders need to identify what activities are necessary, assign those activities to specific personnel, effectively delegating tasks.Â
Managers must supervise subordinates in their daily work, and inspire them to achieve company goals. Likewise it is the responsibility of managers to communicate company goals and policies to subordinates. 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.
Managers must harmonize the procedures and activities performed by the company, meaning that every activity of each organizational unit should complement and enrich the work of another.
FIVE FUNCTIONS OF MANAGEMENT - Planning -
Tactical Plans
Strategic Plans Strategic plans are designed with the entire organization in mind and begin with an organization's mission.
Planning to Managers find themselves planning for Plan all sorts of things. So much so, that planning is one of the four major functions of management.
Tactical plans support strategic plans by translating Operational Plans them into specific plans Operational plans sit at the relevant to a distinct area of bottom of the totem pole; they the organization. are the plans that are made by frontline, or low-level, managers.
FIVE FUNCTIONS OF MANAGEMENT - Organizing -
The organizing function brings resources together to achieve the goals established in the planning function.
Team Marketing
Team Sales
Team Production
Team Technology
Team Financial
FIVE FUNCTIONS OF MANAGEMENT - Coordination –
Managers must harmonize the procedures and activities performed by the company, meaning that every activity of each organizational unit should complement and enrich the work of another.
Improve goodwill of the organization
Leads to higher efficiency
Improve relationship in the organization
Helps to achieve the objective quickly
Facilitates motivation
FIVE FUNCTIONS OF MANAGEMENT - Commanding -
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FIVE FUNCTIONS OF MANAGEMENT - Controlling Managers must control that company activities are in line with general company policies and objectives. It is also the responsibility of the manager to observe and report deviations from plans and objectives, and to make initiatives to correct potential deviations.
Strategy
Tactics
Operational Control
Strategic management provides overall direction to the enterprise. Strategy formulation requires examining where the company is now, deciding where it should go, and determining how to get it there.
Strategy involves the future vision of the business; tactics involve the actual steps needed to achieve that vision. For example, a marketing strategy for a motel might be to develop a business package targeting travel agents that includes an ecommerce solution.Â
Operational control can be a very big job, requiring substantial overhead for management, data collection, and operational improvement. The idea behind operational control is streamlining the process to minimize costs and work as quickly and efficiently as possible.
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