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Learn the five primary functions of management and how they are interrelated. Find out the definitions, examples and importance of each function with Management Study HQ.
- Planning. It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals.
- Organizing. It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals.
- Staffing. It is the function of manning the organization structure and keeping it manned. Staffing has assumed greater importance in the recent years due to advancement of technology, increase in size of business, complexity of human behavior etc.
- Directing. It is that part of managerial function which actuates the organizational methods to work efficiently for achievement of organizational purposes.
Functions of Management: It is defined as Planning, Organising, Staffing, Directing and Controlling; and applications of these principles. Learn more at BYJU'S.
- Planning. "Without a plan, even the most brilliant business can get lost. You need to have goals, create milestones, and have the right strategy in place to set yourself up for success.
- Organizing. Next up is the organizing function, which refers to the way managers distribute resources, delegate tasks, structure departments, set staffing levels, etc.
- Leading. Every organization, from creative agencies to enterprise operations, needs a force to drive it forward: rallying the troops and pushing them toward a common goal.
- Controlling. Controlling includes all of management’s efforts to make sure the goal (established way back in the planning phase) is accomplished. It includes ongoing analysis of the plan and iterative updates to that plan as needed.
Apr 15, 2024 · Learn about the general theory of business administration by Henri Fayol, which identifies five key functions of management: planning, organizing, leading, coordinating, and controlling. Explore the process, benefits, drawbacks, and applications of each function with examples and table of contents.
Jun 6, 2024 · Learn the five managerial functions of planning, organising, staffing, directing and controlling with examples and definitions. Find out how these functions are differentiated from operative functions and how they are applied in various organisations.
Jul 24, 2023 · Effective management involves four primary functions and related skill sets: planning, organizing, leading, and controlling. Although there’s a logical sequence to the functions, in practice the four functions are often performed in a dynamic manner.
