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Nature and Significance of Management

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Functions of Management

The functions of Management are as follows:

  1. Planning - Setting objectives and targets and formulating an action plan of what is to be done, how to be done and when to do it.
  2. Organising - Assignment of duties, task, establishment of authority and responsibility, Relationship, allocating the resources required to perform the planned task.
  3. Staffing - Finding and placing the right person at the right job at the right time.
  4. Directing - Leading, influencing, motivating the staff chosen to perform the assigned task efficiently and effectively.
  5. Controlling - Ensuring/Monitoring the activities in an organisation are performed as per the plan.

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