Management has been described as a social process involving responsibility for economical and effective planning & regulation of operation of an enterprise in the fulfillment of given purposes. It is a dynamic process consisting of various elements and activities. These activities are different from operative functions like marketing, finance, purchase etc. Rather these activities are common to each and every manger irrespective of his level or status. Show
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Different experts have classified functions of management. According to George & Jerry, “There are four fundamental functions of management i.e. planning, organizing, actuating and controlling”. According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”. Whereas Luther Gullick has given a keyword ’POSDCORB’ where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Budgeting. But the most widely accepted are functions of management given by KOONTZ and O’DONNEL i.e. Planning, Organizing, Staffing, Directing and Controlling. For theoretical purposes, it may be convenient to separate the function of management but practically these functions are overlapping in nature i.e. they are highly inseparable. Each function blends into the other & each affects the performance of others.
The article is Written By “Prachi Juneja” and Reviewed By Management Study Guide Content Team. MSG Content Team comprises experienced Faculty Member, Professionals and Subject Matter Experts. We are a ISO 2001:2015 Certified Education Provider. To Know more, click on About Us. The use of this material is free for learning and education purpose. Please reference authorship of content used, including link(s) to ManagementStudyGuide.com and the content page url. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a target="_blank" href="https://www.managementstudyguide.com/coordination.htm" id="next">next</a> </div> <script src="https://code.jquery.com/jquery-2.1.4.min.js"> <script> What is a process designed to achieve an organization's objectives using its resources effectively and efficiently in a changing environment?Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively means having the intended result; efficiently means accomplishing the objectives with a minimum of resources. Is a management function which refers to the structuring of resources and activities to accomplish?Organizing. It is a management function which refers to the structuring of resources and activities to accomplish objectives in an efficient and effective manner. What is called the process of utilizing resources to achieve the objectives of an organization?Resource management is the practice of planning, scheduling, and allocating people, money, and technology to a project or program. In essence, it is the process of allocating resources to achieve the greatest organizational value. Which process is doing something or making decisions that affect the attainment of organization objectives?Process of making such plans to achieve some goal or objective is called “Planning. “ In other terms, in order to execute activities in future, prior forethought is necessary and this forethought comes under the concept of “planning.” What is a process designed to achieve an organization's objectives using its resources effectively and efficiently in a changing environment?Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively means having the intended result; efficiently means accomplishing the objectives with a minimum of resources.
What is called the process of utilizing resources to achieve the objectives of an organization?Resource management is the practice of planning, scheduling, and allocating people, money, and technology to a project or program. In essence, it is the process of allocating resources to achieve the greatest organizational value.
Is a management function which refers to the structuring of resources and activities to accomplish?Organizing. It is a management function which refers to the structuring of resources and activities to accomplish objectives in an efficient and effective manner.
Which process is doing something or making decisions that affect the attainment of organization objectives?Process of making such plans to achieve some goal or objective is called “Planning. “ In other terms, in order to execute activities in future, prior forethought is necessary and this forethought comes under the concept of “planning.”
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