management

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PREPARED BY:VIJAY VAGHELAMANAGEMENT AND MANAGEMENT FUNCTIONS

Management is the function that coordinates the efforts of people to accomplish goals and objectives by using available resources efficiently and effectivelyManagementManagementManagement is the art of getting things done through people.

"Management is a multi-purpose organ that manages business and manages managers and manages workers and work."

3ManagementManagement is an individual or a group of individuals that accept responsibilities to run an organisation.

Management Plan, Organise, Direct and Control all the essential activities of the organisation.4Functions of ManagementPlanningOrganisingStaffingDirectingControlling5PlanningDeciding in advance :What to doHow to doWhen to doWho is going to do it

Bridges a gap between where we are today and where we want to reach.

Sets the goal of an organization.

6OrganisingIt is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals.

According to Henry Fayol, To organize a business is to provide it with everything useful or its functioning i.e. raw material, tools, capital and personnels

7StaffingRecruiting, selecting, appointing the employees, assigning duties, maintaining cordial relationship and taking care of grievances of employees.

Training and Development of employees, deciding their remuneration, promotion and increments.

DirectingGiving direction or instruction to employees to get the job done.

Leadership qualities are required.

Motivating employees by providing monatory and non-monetory incentives.

Comunicating with them at regular intervals.

ControllingMatching actual performance with the planed goal.

If problem, tries to find out the reasons of deviation.

Suggesting corrective measures come on the path of plan