Introduction of Management

Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, staffing, directing and controlling organizational resources.

According to Harlod Knontz “Management is the art of getting things done through others and with

formally organized groups.”

According to F.W Taylor “Management is the art of knowing what you want to do and then seeing that

they do it in the best and cheapest manner.”

According to Peter Drucker “Management is a multi-purpose organ that manages a business and manages managers and manager’s workers and works.”

Functions of Management:

      Effective management and leadership involve the creative problem solving, motivating employees and making sure the organization accomplishes objectives and goals. There are four functions of management.

1.    Planning

2.    Organizing

3.    Directing

4.    Controlling

The Four Functions of Management

1.  Planning

      The planning function of management controls all the planning that allows the organization to run smoothly. Planning involves defining a goal and determining the most effective course of action needed to reach that goal. Typically planning involves flexibility, as the planner must coordinate with all levels of management in the organization.

2.  Organizing

      The organizing function of management controls the overall structure of the company. The organizational structure is the foundation of a company, without this structure, the day-to-day operation of the business becomes difficult and unsuccessful.  Organizing involves designating tasks and responsibilities to employees with the specific skill sets needed to complete the task. Organizing also involves developing the organizational structure and chain of command within the company.

3.  Controlling

The controlling function of the management is useful for ensuring all other functions of the organization are in place and are operating successfully. Controlling involves establishing performance standards and monitoring the output of employees to ensure each employee’s performance meets those standards. The controlling process often leads to the identification of situation problems that need to be addressed by creating new performance standards.

4.  Directing

      Directing is said to be a process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals. Directing is said to be the heart of management process.

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