People who perform management can be designated as managers.
A manager performs work or achieves goal by, with, and though the efforts of
A manager is responsible for the work performance of group members.
They work with the wide variety of job- team leader, department head, project
manager and more.
Characteristics of manager
Improves work environment
Deciding what to
Deciding how to
should be changed
Functions of managers
Planning : planning is deciding in advance what to do and how to do. It is
one of the basic managerial functions. Planning therefore involves setting
objectives and developing an appropriate course of action to achieve
Organizing: organizing is assembling and coordinating the human, financial,
physical and other resources needed to achieve goals.it is building a dynamic
Staffing: staffing is the process of planning, recruiting, training and
maintaining human resources in an organization. In staffing, a manager
recruits and selects suitable personnel for manning the jobs.
Directing: directing is a complex managerial function consisting of all the
activities that are designed to encourage subordinates to work effectively. It
includes supervision, motivation, communication and leading.
Controlling : controlling means ensuring that activities in an organization are
performed as per the plans . Also ensures that resources are to be used
effectively and efficiently.
entrepreneur vs manager
Owner – an entrepreneur is the owner
of his business.
Profit – an entrepreneur earns profit
from his business which is uncertain &
Full risk bearing- an entrepreneur is a
person who takes high risk for running
or starting venture.
Servant- a manager is a servant of his
Salary – a manager earns salary is
limited & certain.
No risk bearing – a manager takes less
or no risk while performing his job.
All functions: An entrepreneur has
to look after all the functions of
Innovator: An entrepreneur is
always an innovator, in the lookout
for new product or services.
Selective functions: An manager
looks after selective functions of an
Executor: A manager is simply an
executor who is responsible for
executing the decisions of the
owner and entrepreneur.