Saturday, January 16, 2010
Functions of Management
Following are the key functions of Management:
PlanningPlanning is the process of setting goals and deciding how best to achieve them.
OrganizingOrganizing is the process of allocating and arranging human (staffs) and non human (budget) resources so that plans can be carried out successfully.
Leading The process of influencing others to engage in the work behaviors necessary to reach organizational goals.
Controlling The process of regulating organizational activities so that actual performance conforms to expected organizational standards and goals.
In controlling we compare actual performances with expected goals and see whether they give results or not.