Management

There are scores of definitions for the term 'Management.' Management is defined as a process of 'planning, organizing, staffing, directing and controlling.' Besides several functions that we find in this definition, there are several other important management functions which are listed below under the five main management functions:

1. Planning

  • Imagination

  • Ideation

  • Creativity

  • Goal setting

  • Making a set of long term and short term goals

  • Scheduling

2. Organizing

  • Developing system

  • Making checklists

  • Designing

  • Making workflow charts

  • Making PERT charts

  • Drawing graphs and histograms

  • Making Organizational Charts

3. Staffing

  • Preparing an organizational chart, identifying the levels of management, indicating various departments and developing a hierarchy of positions at different levels

  • Preparing job descriptions

  • Recruiting qualified and suitable candidates

  • Interviewing

  • Hiring

  • Evaluating the performance

  • Developing a compensation plan

  • Rewarding staff members equitably and fairly based on their performance

4. Directing

  • Assigning jobs to the staff members

  • Appointing supervisors to train and direct staff

  • Guiding and leading the staff

5. Controlling

  • Ensuring that the goals are achieved

  • Ensuring that deadlines are met

  • Ensuring that everything has been done within the budgetary limits

  • Ensuring that the quality of products and services are consistently maintained