Essay on The Four Functions Of Management
Managers perform certain activities, tasks and function as they direct and oversee other’s work. According to Henry Fayol, managers engage in 5 management activities such as planning, organizing, commanding, coordinating and controlling. His choices were based on his own observations and experiences. Today, based on scientific analysis of his work and on the basis of various surveys his management functions were condensed to four attributes such as planning, organizing, leading and controlling.
The management functions of planning, organizing, leading and controlling could be defined as:-
Planning - The act of defining goals, establishing strategy and developing plans to coordinate activities could be referred as planning. It entails the setting of goal and includes the creation of a blueprint to achieve them. It is essential that managers create objectives, which serve to focus the efforts of employees, motivate them and provide a standard against which performance can be measured. Plans also serve as a guide to action and assist managers in resource allocation. For example, if growth is an objective, a budget may include funds for expansion of facilities.
Organizing- The act of determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and who will make decisions could be referred as organizing. It could also be defined as the allocation of resources to achieve goals. It is clear that…