Functions of Management
Functions of Management
Topic 01 Management
Agenda
Understand the meaning of management and its significance
02 Functions of Management
Understand the different Functions of Management and how it
can be applied to your job
Establishes Sound
Organization
Establishes Equilibrium
Functions of Management
Planning
Directing
I. Planning
Planning is concerned with the determination of
the objectives to be achieved and the course of
action to be followed to achieve them.
Various alternatives are formulated in order to
achieve the goals. The best alternative courses of
action is then selected which will help the
organization to achieve its objectives.
Contents
Communication Objectives
Coordination
Division of Labor
Importance of
Organizing
It facilitates specialization
Steps in the Process of Organizing
1. Determination of objectives
3. Assignment of duties
4. Establishing relationship
among individuals and group
III. Directing
According to Koontz and O’donnell “Direction is the interpersonal aspect of
managing by which subordinates are led to understand and contribute
effectively and efficiently to the attainment of enterprise objectives.”
Organized
Action
Importance of
Directing
Elements of Directing
Directing deals with inter-personal
relations. It is the doing or implementing
phase of management. Hence it is also
called management-in-action.
Motivation
Leadership
Communication
Supervision
IV Coordination
According to Henri Fayol “Coordination
Coordination harmonizes synchronizes and unifies
is the individual efforts for better action and for the
management of achievement of the business objectives.”
interdependence
in work
situations.
Coordination is
the process of
synchronizing
the diverse
Coordination leads to blending
functions of
the activities of different
domains and
individuals and group of
securing unity of
individuals for the achievement
action.
of certain objectives.
Why
Coordination
matters?
Importance of
Coordination
Division of Labour
Growth in Size
Interdependence of units
Growing specialization
Just like Management,