3. Planning,
Planning is the process of determining how the organization can get where it wants to go ·
The Nature of Planning:
1. Contribution to Purpose and Objectives
2. Planning is futuristic/Forward looking
3. Planning is continuous
4. Planning involves decision making
5. Planning is a mental exercise
.Importance of Planning:
1. Planning provides Direction
2. Planning Reduces the risk of uncertainties
3. Planning reduces over lapping and wasteful activities
4. Planning Promotes innovative ideas
5. Planning Facilitates Decision Making
6. Planning establishes standard for controlling
7. Focuses attention on objectives of the company
4. Organizing
It is the process of bringing together physical, financial and human resources and developing
productive relationship amongst them for achievement of organizational goals.
Nature
1. Identification of activities.
2. Classification of grouping of activities.
3. Assignment of duties.
4. Delegation of authority and creation of responsibility.
5. Coordinating authority and responsibility relationships.
.Importance
1. Well defined jobs
2. Clarifies authority
3. Authority responsibility
4. Effective administration
5. Growth and diversification
6. Sense of security
7. Scope for new changes
5. Staffing
According to Kootz & O’Donell, “Managerial function of staffing involves manning the organization
structure through proper and effective selection, appraisal & development of personnel to fill the
roles designed un the structure”
Nature
1. Staffing is an important managerial function
2. Staffing is a continuous activity
3. The basis of staffing function is efficient management of personnel
4. Staffing helps in placing right men at the right job
.Importance
.1. Efficient Performance of Other Functions
.2. Effective Use of Technology and Other Resources
.3. Optimum Utilisation of Human Resources
.4. Development of Human Capital
.5. Motivation of Human Resources
.6. Building Higher Morale
6. Directing
Direction is that inert-personnel aspect of management which deals directly with influencing,
guiding, supervising, motivating sub-ordinate for the achievement of organizational goals.
Nature
1. Continuous Activity
2. Human Factor - Directing function is related to subordinates and therefore it is related
to human factor.
3. Creative Activity
4. Delegate Function
.Importance
1. It Initiates Actions
2. It Ingrates Efforts
3. Means of Motivation
4. It Provides Stability
5. Coping up with the changes
6. Efficient Utilization of Resources
7. Controlling
According to Koontz & O’Donell “Controlling is the measurement & correction of performance activities of subordinates in
order to make sure that the enterprise objectives and plans desired to obtain them as being accomplished”
Nature
Controlling is an end function
Controlling is a pervasive function- which means it is performed by managers at all levels and in all type of concerns.
Controlling is forward looking- because effective control is not possible without past being controlled.
Controlling is a dynamic process- since controlling requires taking reviewal methods, changes have to be made wherever
possible.
Controlling is related with planning-
Importance
(1) Accomplishing Organisational Goals
(2) Judging Accuracy of Standards
(3) Making Efficient Use of Resources
(4) Improving Employee Motivation
(5) Ensuring Order and Discipline
(6) Facilitating Coordination in Action
