An Overview of Management Functions
The management function is a complex process that involves several elements. It is important to understand that management functions are distinct from operational functions, which are more about finances, purchasing, marketing, and the like. The functions also differ depending on the level of an organization. A good manager should be able to oversee all five management functions simultaneously to ensure that the overall business operations run smoothly. The following is a basic overview of these management functions. Hopefully, this overview will help you understand the role of management in the organization.
The four main functions of management are planning, organizing, leading, and controlling. Although each has its own unique role, they work in concert to help managers achieve their goals. To perform these functions effectively, a manager must be able to identify the goals and objectives of the organization, develop a realistic course of action, and monitor and assess the performance of the various components. These processes are all critical to the success of any business. In addition to planning, management functions also involve leading, directing, and controlling, which all work hand in hand to help the organization achieve its goals.
In a business, controlling operations requires keeping a close eye on everything. This means monitoring the activities of the employees and taking action if something goes wrong. According to historians, Luther Gulick used the word “POSDCORB” to describe these functions. Similarly, Ralph Davis outlined the three main functions of management. Davis believed that control and command facilitate the other two. Consequently, all managers must carry out all four functions at different times.
Planning is the most basic function of management. It involves identifying goals and objectives, and assigning resources to accomplish them. Without planning, the manager is unlikely to achieve optimal results. Planning sets direction and eliminates the tendency to work haphazardly. Planning is important for all management functions. Planning may also be viewed as the process of determining objectives, finding alternative courses of action, and selecting the appropriate one. Once a plan is formulated, all other functions follow.
The organizing function is a crucial part of management, as it involves attracting and retaining competent personnel. It also involves setting job roles and responsibilities. It involves grouping people into departments or divisions and creating a conducive environment for success. Planning is often considered the most difficult function, as it requires a certain level of knowledge and flexibility to be effective. This is why managers need to be skilled in planning activities. So, how do you perform all four?
Management is a holistic process involving planning, staffing, directing, coordinating, and controlling. Each of these activities requires a manager to carry out all four. In most cases, these activities overlap, and managers perform several of them simultaneously in their work. And while they may be related, they also work in concert. One function can’t operate effectively without the other. Whether it is planning, hiring, evaluating, or managing, all four functions contribute to the overall success of an organization.