The whole point of having a well-organized business is to make the operation run smoothly. When a business is well organized, everyone understands his or her duties and responsibilities. The lines of communication move information to the decision-makers or managers and allows for making better and timelier decisions.
Functions Of Management In today's business world managers follow certain rules that help them be better at their job and also contribute to the success of the business. The functions of management are established to help managers see the business operations with more clarity and understanding. This report will look at the four functions Planning, Organizing, Directing and Controlling.
Now it is a common practice to define management in terms of above four words, which are referred to as the four functions of management. Hence management is nothing but Planning, Organizing, Leading and Controlling to make sure our objectives or tasks are achieved Management, therefore help us immensely to achieve our objectives. Commonly management is always referred to as a process meaning that is an ongoing continuous, systematic way to doing things. To achieve our objectives the four functions of management: Planning, Organizing, Leading and Controlling have to be carried out on an ongoing systematic way for some period of time depending on the type of objective.
Planning implies that we must think through our goals and actions in advance and decide, What to do? and How to do? Planning is based on a logical or systematic way rather than hunch. Planning should produce a picture of our desirable future. We may have long term plans or what we desire to be in another five to ten years in future time. To achieve long term plans we must develop medium term plans for two to three years of duration. Still to achieve medium term plans we must prepare short term operational plans deciding what we should...