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Functions of Management. The Functions of Management The Functions of Management
were first defined in 1916 by Henri Fayol. ... Management Functions. ...
... Running head: FUNCTIONS OF MANAGEMENT Functions of Management University of Phoenix
Functions of Management The process of working with resources and people in ...
... Running head: FUNCTIONS OF MANAGEMENT Functions of Management UOP MGT330 August
22, 2005 Functions of Management Management typically conjures images of ...
Management Functions. Members of management ... goals. There are four functions
of management that helps one accomplish goals. The function ...
Management Functions. ... The functions of management are performed by management
at all levels, from the president to the supervisors. ...
Submitted by mauby11 on April 4, 2008
Category: Business
Words: 1353 | Pages: 6
Views: 148
Popularity Rank: 53,991
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Management is defined as the process of getting things done, effectively and efficiently, through and with other people to achieve specific goals and purposes. Henri Fayol, a French geologist and engineer who was one of the proponents of the Administrative Theory believed that management, regardless of the specialized area, was comprised of fourteen universal principles. These are Division of Labour or Work, Authority, Discipline, Unity of Command, Unity of Direction, Subordination of the individual interest to the general interest, Remuneration, Centralization, Scalar chain or Line of Authority, Order, Equity, Stability of tenure to personnel, Initiative and Esprit de Corps.
The functions of management describe the managers' jobs. The four main functions of management are planning, organising, leading, and controlling, although some identify additional functions. The functions of management define the process of management as distinct from accounting, finance, marketing, and other business functions.
Planning is the core function of management that involves setting objectives and determining a course of action for achieving these objectives. Planning is a process consisting of several steps. The process begins with environmental scanning, which simply means that planners must be aware of the critical contingencies facing their organization in terms of economic conditions, their competitors, and their customers.
They are three types of planning: strategic, tactical and operational. Planners must establish objectives, which are statements of what needs to be achieved and when, then identify alternative courses of action for achieving objectives. After evaluating the various alternatives, they must then make decisions about the best courses of action for achieving objectives.
Organising is the function of management that involves developing an organisational structure and allocating human resources to ensure the accomplishment of...
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