Functions of management
- 1. GOVERMENT ENGINEERING COLLEGE,BHARUCH Students name : 1) KAPTAN SAGAR – 130140106021 2) KATRODIYA HIREN – 130140106023 3) PATEL PINKESH – 130140106038 Topic : Function of Management Sub : Engineering Economics and Managment
- 2. CLASSIFICATION OF MANAGEMENT FUNCTIONS MANAGEMENT FUNCTIONS Managerial functions a) Planning b) Organising a) Staffing b) Directing c) controlling Operational functions a) Production b) Marketing c) purchasing d) Financing e) Personnel
- 4. PLANNING Planning is deciding in advance what is to be done in the future “Planning is deciding in advance what to do, how to do it, when to do it and who is to do it. Planning bridges the gap from where we are to where we want to go. It makes it possible for things to occur which would not otherwise happen”
- 5. STEPS IN PLANNING Collecting information about past Defining objectives Developing planning premises Discovering alternative cources of action. Evaluating alternatives. Choosing the best alternatives Defining subsidiary plans Periodic revision and review of plans.
- 6. ADVANTAGES OF PLANNING It focuses attention on desired objectives It helps to minimise risk It improve efficiency It avoid confusions It encourage innovation and creativity It enables co operation and group work It serves as the basis of control.
- 7. ORGANISING According to Henri fayol “To organise a business means to provide it with everything useful to its functioning-raw materials, tools, capital and personnel”
- 8. STEPS IN ORGANISING Identifying the activities required for achieving objectives. Classifying these activities in to convenient groups Assigning the group of activities to appropriate persons. Delegating authority and fixing responsibilities. Coordinating Authority Responsibility relationship throughout the enterprise.
- 9. IMPORTANCE OF ORGANISING Sound organisation facilitate growth and diversification Optimum use of human resources by matching work with talent Maintain good harmonious structure in the office Group activity is equivalent to social structure of organisation It is a mechanism of management to direct ,controls and coordinates the activities of enterprise.
- 10. STAFFING It is concerned with the Human resources of the enterprise. It is concerned with acquiring, developing, utilising, and maintaining human resources. It is a process of matching jobs with individuals to ensure right man for the right job.
- 11. DEFINITION OF STAFFING “The managerial functions of staffing involves manning the organisational structure through proper and effective selection, appraisal and development of personnel to fill the roles designed in to the structure.
- 12. FEATURES OF STAFFING It is a function of management It is an integral part of the process of management. It is concerned with the human resources It is a pervasive function Aims at optimum utilisation of human resources.
- 13. DIRECTING It is concerned with the execution of plans through organised action. It is also known as commanding or actuating DEFINITION “Direction consist of the process and techniques utilised in using instructions and making certain that operations are carried out as planned”