Functions of management

1.     Planning

The process of setting goals, developing strategies and policies, and outlining tasks and schedules to accomplish the goals.”

It includes determination of specific objectives, determining projects and programmes, setting policies and strategies, setting rules and procedures, and preparing budgets.

Long term plan: 5 years or more

Intermediate term: 2-5 years

Short term plan: 1 year

2.     Organizing

Organizing resources and activities to achieve the organization’s objectives.

Organizing can be thought of as assigning the tasks developed in the planning stages, to various individuals or groups within the organization. Organizing is to create a mechanism to put plans into action.

People within the organization are given work assignments that contribute to the company’s goals. Tasks are organized so that the output of each individual contributes to the success of departments, which, in turn, contributes to the success of divisions, which ultimately contributes to the success of the organization.

3.     Staffing

Staffing is defined as filling and keeping filled positions in the organisation structure through:

1. Identifying work force requirements

2. Recruiting, selecting, placing

3. Induction and Orientation

4. Training/developing

5. Promoting, appraising, planning the careers,   compensating

6. To accomplish their tasks efficiently and effectively.

4.   Directing

The process of directing and motivating all involved parties to help achieve the organization’s goals effectively and efficiently.

5.     Controlling

Controlling is the measurement and correction of performance in order to make sure that enterprise objectives and the plans devised to attain them are accomplished.

Identification of actual results, comparison of actual results with expected results as set by planning process, identification of deviation between two, if any deviation take corrective action.