Leading is an essential function of managers. Managing involves doing careful planning, setting up anorganization structure that will help people in achievingplans, and staffing the organization structure with peoplewho are as competent as possible and also controllingpeople’s activities. However, all these managerial functions accomplish littleif managers do not know how to lead people and tounderstand the human factors in their operations in sucha way as to produce desired results.
The managerial function of leading is definedas the process of influencing people so thatthey will contribute to organization and groupgoals. Through the function of leading, managershelp people see that they can satisfy theirown needs and utilize their potential and atthe same time contribute to the aims of anenterprise.
Determination of GoalsOrganization of activitiesAchieving coordinationRepresentation of groupProviding guidanceInspire employeesBoosting employees moraleFacilitating change
Management control is the process ofensuring that actual activities conform toplanned activities. Control helps managers monitor theeffectiveness of their other managerialfunctions. Plans are yardsticks against which managersdevise controls. Planning and controlling areclosely related. Without plans, controlling isnot possible.
Simply put organizational control is the process ofassigning , evaluating and regulating resources onan ongoing basis to accomplish organizational goals. Control can be defined as the process a managertakes to ensure that actual performance conforms tothe organization’s plan. The managerial function of controlling is themeasurement and correction of performance in orderto make sure that enterprise and the plans devisedto attain them are being accomplished.
Control makes plans effective.Control make sure that organizationalactivities are consistent.Control make organizations effective andefficient.Controls provide feedback on projectstatus.Controls aid in decision making.
Establish standards to measureperformance.Measure actual performance.Compare performance with the standards.Take corrective actions.
Financial controlsBudget controlsMarket controlsHuman resource controlsComputer and information controls