What is Management?
The process of different resources are working together to accomplish organizational goals is called management. Manager found to be good when they do those things effectively and efficiently. Effectiveness is to achieve the organizational goals and efficiency is to achieve goals minimum resources wastage. Minimum resources wastage is defined as the best possible use of people, time, material and money. Clear focus on effectiveness and efficiency would make the best manager.
Management
Management Functions:
To properly execute the management process a wide variety of activities involved like planning, organizing, leading and controlling, so that managers could be efficient and effective.
The activities are as follows:
Planning
Planning is to decide the appropriate actions for achieving the organizational goals. Analyzing current situation, future anticipation, choosing corporate strategies determining objectives and determine resources are the planning activities to achieve firm’s goal. The planning process produced the strategy of organization.
Organizing
Gathering of financial, informational, physical, human and other resources to achieve goals is called organizing. To attract people, specify job responsibilities, grouping jobs and allocating resources are activities comes under this component in order to achieve maximum success. Organizing activities results the organizational structure.
Leading
It is to motivating, communicating and directing the employees (individually and in groups) to perform higher. Leading includes day by day communication with people, helping, guiding and inspiring them to achieve organizational goals. Leading requires at all levels and section of the organization, it is at teams, divisions, departments and at the top of organization. It results the high level of commitment and motivation.
Controlling
It is not necessary that a good plan, organization and best leaders guarantee success. The fourth function “Controlling” is to monitor progress and implements changes where necessary. Sometimes implementation plans often find that it’s not working as planned. This function is to ensure that goals are met and actual outcomes are consistent with our objectives. Controlling includes the activities like setting of performance standards, comparison of performance against standards, correction of problems by taking actions, budgeting and information systems. Successful organizations pay close attention that how well they are working whether large or small. Controlling gives us the accurate measurement of performance, efficiency and effectiveness.
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