PRINCIPLES OF MANAGEMENT

TOPIC: FUNCTIONS OF MANAGEMENT

What is

management ?????

Definitions:

“Management is knowing exactly what you want man to do and to see that they do it in the best and the cheapest way.”

-Fadrick taylor“ Management is a multipurpose organ that manages

the business, manages the manager, manages the worker & work.”

-Peter Drucker

Functions of management:

PLANNINGORGANISING LEADINGCONTROLLING

PLANNING

Planning is a process of thinking about & organizing the activities required to achieve desired goals.

Planning involves creation & maintenance of plan.

Planning is forecasting the future picture by the collected data.

Features of Planning

Planning focuses on achieving goals.Planning is the primary function of mgtPlanning is continuous.Planning is futuristic.

ORGANIZING

According to GEORGE TERRY, “organization is like systematic arrangement & implementation of functions is required to achieve goals.”

Organizing determines how to distribute resources ,how to organize employees & identify roles, delegate authority & provide direction.

Top level mgt.

Middle level mgt.

Bottom level mgt.

DIRECTING

Directing means connect on interpersonal level, communication, motivating, inspiring,& encouraging to improve the productivity.

Features of Directing

It initiates action. It is continuous. It is at every level It flows from top to bottom.

CONTROLLING

Controlling in general mean evaluating the results against goals, taking corrective actions & setting performance standards.

Elements of controllingEstablishing standards of performance.Measuring performance.Taking corrective actions.

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“COMING TOGETHER IS A

BEGINNING,KEEPING TOGETHER IS PROGRESS &

WORKING TOGETHER IS SUCCESS.”

THANK YOU