Functions of management
- 1. 5 FUNCTIONS OF MANAGEMENT PRESENTED BY: NEW DELHI INSTITUTE OF MANAGEMENT
- 2. FIVE FUNCTIONS OF MANAGEMENT PLANNING ORGANIZING COMMANDING COORDINATING CONTROLLING Organizing involves assigning authority and responsibility to various departments, allocating resources across the organization, and defining how the activities of groups and individuals will be coordinated. Commanding is the process where management give clear commands to its workforce so it can produce the desired output. Planning means defining performance goals for the organization and determining what actions and resources are needed to achieve the goals. Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications and corrections when needed. Coordination leads to synchronization throughout the organization which leads to increased productivity. Proper training and communication helps achieve a high level of coordination throughout the organization. - Overview -
- 3. FIVE FUNCTIONS OF MANAGEMENT - Planning - STEP 3 Determine resources needed to implement tasks. STEP 1 Develop objectives. STEP 2 Develop tasks to meet those objectives. STEP 5 STEP 4 Create a timeline and determine tracking and assessment method. Finalize plan.and distribute to all involved in the process.
- 4. FIVE FUNCTIONS OF MANAGEMENT - Organizing - PROCESS OF ORGANIZING Identification of Activities Division of Activities Group the activities into manageable units Assign activities Establishing Reporting Relationships
- 5. FIVE FUNCTIONS OF MANAGEMENT - Commanding - Leadership- may be defined as a process by which manager guides and influences the work of subordinates in desired direction. Supervision- implies overseeing the work of subordinates by their superiors. It is the act of watching & directing work & workers. Motivation- means inspiring, stimulating or encouraging the subordinates with zeal to work. Positive, negative, monetary, non- monetary incentives may be used for this purpose. ELEMENTS OF COMMANDING
- 6. FIVE FUNCTIONS OF MANAGEMENT - Coordinating - Coordination helps to achieve objectives quickly Coordination ensures smooth working of the organization. Therefore, with the help of coordination an organization can achieve its objectives easily and quickly. 03 01 02 Coordination makes optimum utilization of resources Coordination helps to make optimum utilization of resources. These resources are used to achieve the objectives of the organization. Coordination also minimizes the wastage of resources in the organization. Coordination leads to higher efficiency Since coordination leads to optimum utilization of resources it results in more returns and low cost. Thus, coordination leads to higher efficiency. FEATURES OF COORDINATING
- 7. FIVE FUNCTIONS OF MANAGEMENT - Controlling - Establishment of standard performance. Measurement of actual performance. Comparison of actual performance with the standards and finding out deviation if any. STEP 01 STEP 02 STEP 03 Corrective action. STEP 04
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