Function of Management

Function of Management

Function of Management are common to all business enterprise even for non-profit organization. According to Henry Fayol size group or function of management are – Technical, Commercial, Financial, Security, Accounting and Managerial.

          Mr. H. Fayol distinguished between principle and element of management and give five important managerial function. These important functions of management are discussed below –

1.     Planning – It is the most important part of management. It is the first process or management function in which it is decided in advance what to do, how to do, when to do, and by whom it is done. It is to think about future course of action for the business. So, we can say that it is the primary, step of management and helps in bridging the gap between present and future.

2.     Organizing – It is the secondary function of Management it is a group of human or material resource as well as the process of development of a structure of formally identified and distinguished tasks role’s and relationship. The organization divides the total work and co-ordinations all the activities by authority relationship.

3.     Staffing – It is one of the most important function of qualified and good employees. Staffing is a variable function of management and staffing process provides the organization with adequate number of complement qualified person at all levels in the enterprise. Staffing is a continuous function.

4.     Directing – The actual performance of a work starts with the function of direction. Planning, Organizing and staffing functions are concerned with the preliminary work for the achievement of organizational objectives. Direction includes guidance, supervision and motivation of employees.

5.     Controlling – It ensures that the achieved objectives conform to pre-planned objectives. It is closely related to the planning. But it should not be viewed merely as a postmortem of post achievement and performance. Infect a good control system has the characteristics of economy, flexibility, understanding and adequacy to organizational needs.