FROM ::MOHAN JHA
Managers perform certain activities or duties as they effectively and efficiently coordinate the work of others. In the early part of the twentieth century, a French industrialist named Henri Fayol first proposed that all managers perform five functions: planning, organizing, commanding, coordinating, and controlling. In the mid-1950s, a management text book first used the functions of planning, organizing, staffing, directing and controlling as a framework. Today, most management text books still continue to be organized around the management functions, although they have been condensed to four basic and very important ones: planning, organizing, leading, and controlling. Let us briefly define what each of these management functions encompasses.
If you have no particular destination in mind, then you can take any road. However, if you have some place in particular you want to go, you have got to plan the best way to get there. Because organizations exist to achieve some particular purpose, someone must clearly define that purpose and the means for its achievement. Management is that someone. Managers perform the planning function, define goals, establish strategies for achieving those goals, and develop plans to integrate and coordinate activities.
Managers are also responsible for arranging work to accomplish the organization's goals. We call this function organizing. When managers organize, they determine what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made.
Every organization includes people, and a manager's job is to work with and through people to accomplish organizational goals. This is the leading function. When managers motivate subordinates, influence individuals or teams as they work, select the most effective communication channel or deal in any way with employee behavior issues, they are leading.
The final management function is controlling. After the goals are set (planning), the plans formulated (planning), the structural arrangements determined (organizing), and the people hired, and motivated (leading) there has to be some evaluation of whether things are going as planned. To ensure that work is going as it should, managers must monitor and evaluate performance. Actual performance must be compared with the previously set goals. If there are any significant deviations, it is management's job to get work performance back on track. This process of monitoring, comparing, and correcting is what we mean by the controlling function.
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∙ 12y agothe planning is about a management to be manage by the person who conduct the business of his/her own
production and operation management function
The basic principles in online business management include, being an effective manager. There are five functions of online business management. These include: planning, staffing, organizing, controlling, and directing.
Management information system (MIS) is completely integrated with business today. Various business functions such as customer satisfaction, sales and marketing, IT operations, HR, operations management all benefit from MIS.
Management is required to oversee their employees. They also direct, lead and control their actions with business practices and procedures.
the planning is about a management to be manage by the person who conduct the business of his/her own
Some of the ways that risk management helps other functions of business is by protecting companies from:Risks if a third party fails to meet expectations.Problems with customers.Problems with resources.
production marketing finance human resources management
production and operation management function
The basic principles in online business management include, being an effective manager. There are five functions of online business management. These include: planning, staffing, organizing, controlling, and directing.
Creating reports to analyse business performance To manage the business resources - e.g. by use of human resource management system to manage employee functions
Discuss how the five functions of business- production,marketing,finance,human resources,and management will affect a tobacco farming business in East Africa.
A business function is a business management concept that divides a business into functional areas like Accounting and Finance, Human Resources, Sales and Marketing, Operations, Development, Customer services, etc.Principle Business functions are the essential functions that make a business healthy and make it run smoothly.Human ResourcesAccounting and FinanceSales and MarketingOperations or Productionsare the Principle business functions.
Management information system (MIS) is completely integrated with business today. Various business functions such as customer satisfaction, sales and marketing, IT operations, HR, operations management all benefit from MIS.
Management is required to oversee their employees. They also direct, lead and control their actions with business practices and procedures.
Time is money. Effective time management is a must in todays competetive world. By performing the basic functions of management, a business is bound to flourish. There are lot of advantages of effective time management.
E-Commerce serves as the online business medium designed to reach online consumers, clients and other business through the use of business websites for commercial purposes.