Enumerate and discuss the 5 functions of management?

Answer 1

1. Planning- If management does not implement a plan the only plan that he can guarantee a poor performance. Planning gives management the ability to logically come up with different strategies to make sure that the project ends in success.

2. Organizing- In order to make sure that your plan is a success you have to make sure things within the company and the plan are properly organized. It takes three forms of resources to get results; human, physical, and financial resources. In doing this it gives management the ability to access each role that takes place in the company, how to properly make sure the efforts are being optimized and assessed properly, and making sure that the funds will be allocated correctly.

3. Staffing- Now that the structure is properly put together then we have to have employee's to carry out the plan. This is also known as human resource management. In this concept management will be devoted to properly acquiring, training, appraising, and compensating their employee's. Your employee's are what give your company a competitive edge.

4. Directing- Is the ability to get your employee's to achieve the goal's of the company in the most effective and optimal way.When you are directing, it gives you the ability to convert plans in performance.

5. Controlling- This function will be the last task that management will do. This will allow supervisors to be able to check the performance of the employee's to make sure it correlates with the input (plan) and output (performance).