Important Functions of Management
By Lisa Allen
Management is considered as one of the most important processes, not only for the business organisation but also for any project or activity which requires proper planning and guidance. It is considered as a Process which involves a number of functions that need to be performed by managers to accomplish the organisational goals. There are various functions which set the pace and resources to perform the task efficiently. In order to understand the entire Management process, it is necessary to identify the main functions employed in it.
The Major Functions of Management are as below:
- Planning: It is the most basic function of management at any business organisation which is mainly concerned with the determination of organisational goals along with the course of action to achieve them. Before any particular action, the management has to decide how the project will be followed and performed and who will be responsible for which part. Planning helps in decision making on how the task will be followed and also develop guidelines for achieving the organisational goals. Managers and every level are required to perform planning which is a very time consuming process. Some importance activities involved in planning
- Setting objectives
- Developing the premises,
- Determining any alternative course of action,
- Evaluating those alternatives,
- Selecting the alternative
- Implementing the plan.
- Follow up action
- Organising: The next function followed by planning includes is to organise the resources available in such a manner that it will provide better efficiency in performing the task. It involves determining and defining the main activities which will be associated with the force of action along with grouping the activities in a logical pattern. The management will then be responsible to assign those activities to specific people according to their skills and requirements. Delegation of authority will also improve accountability and avoid any repetition of activities by the employees that helps in reducing operating cost.
- Staffing: Another most important function of management is the staffing of employees according to their skills and requirement. This particular managerial function consists of manning the business structure through efficient selection, development and appraisal of employees and help them fill their defined roles. The main purpose of this activity is to put the right man on the right job which is mainly achieved by performing a manpower planning, efficient recruitment and selection, providing necessary training and development opportunities to the Employees, delivering remuneration, performance appraisal and necessary promotions and transfers based on their performance.
- Directing: Direction is an essential function of management which refers to the process of getting the task done efficiently. While previous functions are mainly concerned with doing preparation work, the directing function is where the work actually starts. It is mainly concerned with actuating the employees to deliver efficient performance and attain the organisational goals. The management in this process asks the subordinates how they will be performing their assigned duties and also provide necessary guidance and supervision to motivate them during the entire process. Some of the main components involved in the function of directing are as below:
- Controlling: This is probably the last most important function of management which is mainly concerned with determining whether the activities are being performed in unexpected manners and in conformity with the plan. Control refers to the process of measuring whether the performance of employees and business operations are helping in the organisation to achieve its goals. The function also involves identifying any possible issues in the process and taking necessary steps to resolve them to keep the progress of the project intact. In order to perform efficient controlling, management can use numerous activities such as determination of the quality of work performance, measurement of actual performance, a performance comparison between actual and standard performance, finding any variations between actual and standard performance along with its reason and taking corrective measures in order to ensure attainment of the goals.
Based on the above report, it can be said that in order to achieve any particular goal or perform specific tasks, following the above five functions by the management are highly important, or else the result can be contradictory. Most of the aspiring managers tend to pursue professional Management courses from Universities and colleges where the main focus are provided main these five functions. As you may have already understood that each of these five functions consists of various other sub-functions such as delegation, identification of activities, training and development, supervision and leadership, communication and Measurement. In order to become a professional manager and keep your respective organisation to continuously improve its performance, understanding these five main functions of Management in detail is of utmost importance.
This article is written by Lisa Allen, a freelancer and currently working as a Copy/Content Writer at EssayCorp and MBA degree holder in Medical Science from the St. George University with years of experience in the academic field.