Notes On Functions Of Management:

            Functions of management is an unanimous subject among different management thinkers

            Management as an aspect doesn’t have the same set of specific duties to be discharged like an accountant who is expected to know quite clearly his/her expertise and responsibilities. A manager is expected to have a much broader set of skills, as the tasks varies depending on the business condition in all sense. Having said that management, like all the other parts of the business still have certain defined functions to guide the entire operational process

            To get a clear conceptions of the functions of management, we need to understand What Management Is All About?

            Well, management is a process with a social element. It is the art of getting things done by others to accomplish the desired goals and objective of the entity through scientific utilization of scarce available resources by proper coordination and integration of manpower. It involves taking responsibility to achieve the chalked out objectives of the entity and fulfill its specific organizational purposes through effective and econnomical planning process and proper regulation. It’s all about taking charge and ensuring that all the activites are focused and is placed on the things and aspects of the business that help achieve the ultimate vision and the goals of the organization.

           There is no unanimity among different scholars about the functions of management.

Henry Fayol has classified Management Functions into five. They are:
  1. Prevoyance (Fore casting and Planning)
  2. Organizing
  3. Command
  4. Coordination and control.
Luther Gullick coined the word "POSDCORB" to indicate the Functions of Management. The word "POSDCORB" stands for.
  1. P- Planning
  2. O- Organizing
  3. S- Staffing
  4. D- Directing
  5. Co- Coordination
  6. R- Reporting
  7. B- Budgeting.

           Of these, Controlling function covers Reporting and Budgeting represents both Planning and Control.

Koontz O. Daniel classified Management Functions into Five:
  1. Planning
  2. Organizing
  3. Staffing
  4. Directing
  5. Controlling

            From the above classification given above, the managers are primarily responsible for the following five functions of management:

levels of management

1. Planning:

            Managers cannot leave business into chance. Their success his in preparing for their Further in a Planned way. The Planning process involves:

  1. determination of objectives;
  2. laying down policies, procedures, rules programmes, budget etc.

            Planning may be either for a short period a for a long period a for both. Short-term plans must be integrated with long-term plans achieving the goals of the enterprise.

2. Organizing:

            Organizing effort is essential for success of any enterprise. The process of organising consists of dividing activities, assigning duties delegating authorities. The bigger the organization, the more complex will be the jib of organising the people and their individual task as Face to Fall communication become difficult.

            Thus, organising process involves not only fixing the responsibility and delegating the authority but also coordinating the activity of the people.

3. Staffing:

            Men are the biggest assets of an organization; No organization can succeed unless right Man are put on the right job. The staffing process provides the organization with adequate, competent and qualified personal at all levels in the organization. Staffing is a continuous process because of the turnover, retirement, pre- matured death, and new recruitment on account of expansion of the business.

4. Directing:

            Merely planning, organizing and staffing are not sufficient to set a task in motion. People managing the organization have to be supervised, guided and motivated by the Managers to get the best result.

            Directing, in business was identified by Henry Fayol with command. Management thinkers today however include the following Functions in directing-

  1. Communication
  2. Motivation
  3. Leadership.
5. Controlling:

            The Function of Controlling consists of steps taken to ensure that the activities of the people are carried on according to the plans and objectives of the organization.Controlling and planning are simultaneously performed and are inter- related. Management should plan their objectives in a planned way only then effective control would be possible.

            Some authorities view co- ordination as a separate Function, However, co- ordination is an inter- related Function.

            Thus, Planning. Organising, Staffing, Directing and controlling help to attain proper co- ordination.