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Functions of Management

          Presented by:-
          P SVSSN Parameswarao
          MBA 3rd Sem, Bharatiar
          Acharya B-school,Bangalore.
• Management

• It includes:
    Management of business and profit making private and
     government run organizations.
    non-profit making organizations.
    trusts, societies, associations, charitable organizations.
    governmental organizations.
    NGOs.
    educational organizations e.g. universities, colleges,
     schools.
    day care units.
    hospitals and other health care organizations.
    sports related organizations and clubs.
    religious organizations.
• Management for any organization is a function
  of organizing and channeling the people
  together to accomplish desired goals.

• In common understanding, management is
  also referred to the body or group of persons
  who perform the various functions of
  management.
Hierarchical Levels of Management

• Top management (including the members of
  the board of directors of the company).
• Senior management (or upper management;
  normally, the heads of various departments).
• Middle management (responsible for
  operational management).
• Junior or lower management (they include
  supervisors, team leaders or, foreman etc)
Management consists of the functions given below:
(based on Henri Fayol's thinking on the functions of management.)
• Planning: generating plans of action for immediate, short
  term, medium term and long term periods.

• Organizing: organizing the resources, particularly human
  resources, in the best possible manner.

• Staffing: positioning right people right jobs at right time.

• Directing (includes leading, motivating, communicating and
  coordinating): Communicate and coordinate with people to
  lead and enthuse them to work effectively together to
  achieve the plans of the organization.

• Controlling (includes review and monitoring): evaluating
  the progress against the plans and making corrections
  either in plans or in execution.
“You need to plan the way a fire department
  plans.”
                ... Andrew S. Grove

“Preparation is everything. Noah did not start
building the ark when it was raining.”
                      ... Warren Buffett
Each of these functions is explained in some detail below:


• 1. Planning

  Planning is decision making process.
  It is making decisions on future course of actions.
  Planning involves taking decisions on vision, mission,
   values, objectives, strategies and policies of an
   organization.
  Planning is done for immediate, short term, medium
   term and long term periods.
  It is a guideline for execution/implementation.
  It is a measure to check the effectiveness and efficiency
   of an organization.
Importance of planning –
             The Ant and the Grasshopper
In a field one summer's day a Grasshopper was hopping about,
chirping and singing to its heart's content. An Ant passed by,
bearing along with great toil an ear of corn he was taking to the
nest.

"Why not come and chat with me," said the Grasshopper,
"instead of toiling and moiling in that way?"

"I am helping to lay up food for the winter," said the Ant, "and
recommend you to do the same."

"Why bother about winter?" said the Grasshopper; we have got
plenty of food at present." But the Ant went on its way and
continued its toil. When the winter came the Grasshopper had
no food and found itself dying of hunger, while it saw the ants
distributing every day corn and grain from the stores they had
collected in the summer. Then the Grasshopper knew:

It is best to prepare for the days of necessity
e.g. Planning involves developing a systematic
                       process,

• the second will be to create a business plan
  since
  – "the development of the business plan greatly
    helps to clarify the organization's plans and ensure
    that key leaders are all ,for attaining the goals of
    the organization.
• See sample business plan along with this.
MISSION , VISION , & GOALS ARE related PART OF PLANNING:

• Reliance insurance

•   Vision:

    – “ Empowering everyone live their dreams.”

• Mission:
    – Create unmatched value for everyone through dependable, effective,
      transparent and profitable life insurance and pension plans.

• Our Goal:

    – Reliance Life Insurance would strive hard to achieve the 3 goals
      mentioned below:
        • Emerge as transnational Life Insurer of global scale and standard
        • Create best value for Customers, Shareholders and all Stake holders
• 2. Organizing

  Organizing involves determination and grouping of the
   activities.
  Designing organization structures and
   departmentation based on this grouping.
  Defining the roles and responsibilities of the
   departments and of the job positions within these
   departments.
  Defining relationships between departments and job
   positions.
  Defining authorities for departments and job
   positions.
Effective Delegation of Work
•   Story:

•   The Wolf and the Shepherd




A Wolf had been prowling around a flock of Sheep for a
long time,and the Shepherd watched very anxiously to prevent
 him fromcarrying off a Lamb. But the Wolf did not try to do any
 harm.Instead he seemed to be helping the Shepherd take care
of the Sheep. At last the Shepherd got so used to seeing the Wolf
About that he forgot how wicked he could be.

One day he even went so far as to leave his flock in the Wolf's care
while he went on an errand. But when he came back and saw how
many of the flock had been killed and carried off, he knew how
foolish to trust a Wolf as he exclaimed. “I have been rightly
served; why did I trust my sheep to a Wolf?”
Moral
• Delegate your task wisely, and only to
  people you trust.

Companies have risen and fallen because they have entrusted
the wrong CEOs and successors with the management duties.
Many great family businesses had been ruined at the hands of
the children or grandchildren who took over the helm, based
on who they were rather than what they could do. When
businesses failed, CEOs rightfully took the brunt. The people
responsible for delegating the management duties should not
be spared either.
• Staffing
  It includes manpower or human resource
   planning.
  Staffing involves recruitment, selection, induction
   and positioning the people in the organization.
  Decisions on remuneration packages are part of
   staffing.
  Training, retraining, development, mentoring and
   counseling are important aspects of staffing.
  It also includes performance appraisals and
   designing and administering the motivational
   packages.
The Goose with the Golden Eggs
  • Staff is the most valuable asset



  One day a countryman going to the nest of his Goose found there
  an egg all yellow and glittering. When he took it up it was as
  heavy as lead and he was going to throw it away, because he
  thought a trick had been played upon him. But he took it home
  on second thoughts, and soon found to his delight that it was an
  egg of pure gold. Every morning the same thing occurred, and he
  soon became rich by selling his eggs. As he grew rich he grew
  greedy; and thinking to get at once all the gold the Goose could
  give, he killed it and opened it only to find nothing.
“The most important factor: our respect for the
individual. In IBM it occupies a major portion of
management time.”
                               ... Thomas J. Watson, Jr.

“People are the lifeblood of any airline.”
                              ... Rod Eddington

“You can't treat your people like an expense item.”
                              ... Andrew S. Grove

“The more time I spend with our people, the more
I find out about our business.”
                              ... Herb Kelleher

“Human resources are the greatest assets of any
company.”
                           ... Narayana Murthy
• 4. Directing
  – It is one of the most important functions of
    management to translate company's plans into
    execution.
  – It includes providing leadership to people so that they
    work willingly and enthusiastically.
  – Directing people involves motivating them all the time
    to enthuse them to give their best.
  – Communicating companies plans throughout the
    organization is an important directing activity.
  – It also means coordinating various people and their
    activities.
  – Directing aims at achieving the best not just out of an
    individual but achieving the best through the groups
    or teams of people through team building efforts.
• 5. Controlling
    It includes verifying the actual execution against the
    plans to ensure that execution is being done in
    accordance with the plans.
    It measures actual performance against the plans.
    It sets standards or norms of performance.
    It measures the effective and efficiency of execution
    against these standards and the plans.
    It periodically reviews, evaluates and monitors the
    performance.
    If the gaps are found between execution levels and
    the plans, controlling function involves suitable
    corrective actions to expedite the execution to match
    up with the plans or in certain circumstances deciding
    to make modifications in the plans.
FOUR MANAGEMENT FUNCTIONS ON HP
• The functions of management centre on the application of
  human resource management and technology in HP
  organizational functions of the management are geared
  towards enabling the achievement of the company core
  objectives.
• The management functions in the company may change in
  response towards changes in market environment and
  technology, or due to organizational growth.
• The human resource aspect is very important for any
  company.
• In HP the company management has emphasized the value
  of better organization of human resource and technology
  to achieve its goals. The company has achieved this
  through; four functions of management that are important
  in creating and maintaining an efficient and effective
  organizational culture namely; planning, organizing, leading
  and controlling
• Planning : This is the process of developing the company's mission and
  defining specific methods of accomplishing it. It can be on a broader or
  narrow perspective depending on the scope of the goal.
    – Planning comes in a number of ways since all sectors in HP company or rather
      any other business require some form of planning in order to stick to what
      has been planned.
    – First, there is financial planning which entails the budgeting allocations
      for all the programs being undertaken within the company. Provision of
      benefits, compensations and salaries are also taken care of at this
      stage.
    – Human resource planning is crucial to achieving the best from
      employees. The goal of planning in relation to human resource is to
      assist HP to meet its strategic objectives, planning also ensure that the
      employees are effectively managed and well maintained.
    – The company ensures better work force planning by proper selection
      and recruitment, offering orientation and induction to the new
      recruits, organizing trainings to develop and equip them with new
      skills. This together with better employment benefits goes a long way
      in making the employees achieve their targets. In addition the
      company is able to equip its employees with the latest technological
      tools which the employees use to achieve efficiency. This improves the
      technology of the company as more innovations are created.
• Organizing is how the internal structure of the company is
  set. It generally focuses on the division, coordination of
  activities and how tasks are controlled within the company.
   – General company procedure demand good organization from
     the leaders and managers. At HP for the management is
     responsible for organizing all activities of the employees. This
     includes meetings that bring together all the employees on
     board. They also organize daily and monthly meetings within the
     specific affiliate factories when an issue arises. Proper
     organization of a meeting or how a project will be conducted
     results in a successful of the company. Through, these meeting
     employees are able to exchange views and ideas on how best to
     improve their work. It is at this meeting that new ideas on
     technological improvement come up. HP is sorely based on
     technology, and the managed has insured better organization by
     providing what is required in terms of tools, materials and
     skilled manpower. Without proper organization no company can
     be successful as they will be conflicts in the company. In HP this
     has been avoided.
• Leadership is also described as directing people to do specific
  duties by influencing their personal behavior through incentives
  and motivation, teamwork, individual dynamics and discipline.
  The core purpose of leadership is to channel all the employees'
  behavior towards attaining the company's objectives.
   – Leadership is thus essential in creating and maintaining a
     healthy organizational culture within HP. Leading does not
     necessarily come from that in power but from any
     individual who provides information and suggestions on
     the way forward. Decision making within HP rests on the
     shoulders of the managers and leaders in the company
     who usually take risks whenever an issue that requires to
     be addressed arises. In improving its technology aspects
     hp have managed to created good team leaders. Teams are
     usually very inventive and team leaders are used to guide
     and oversee that the employees are able to achieve new
     products and improve on product technology.
Thank you

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Management functions by paramesh

  • 1. Functions of Management Presented by:- P SVSSN Parameswarao MBA 3rd Sem, Bharatiar Acharya B-school,Bangalore.
  • 2. • Management • It includes:  Management of business and profit making private and government run organizations.  non-profit making organizations.  trusts, societies, associations, charitable organizations.  governmental organizations.  NGOs.  educational organizations e.g. universities, colleges, schools.  day care units.  hospitals and other health care organizations.  sports related organizations and clubs.  religious organizations.
  • 3. • Management for any organization is a function of organizing and channeling the people together to accomplish desired goals. • In common understanding, management is also referred to the body or group of persons who perform the various functions of management.
  • 4. Hierarchical Levels of Management • Top management (including the members of the board of directors of the company). • Senior management (or upper management; normally, the heads of various departments). • Middle management (responsible for operational management). • Junior or lower management (they include supervisors, team leaders or, foreman etc)
  • 5. Management consists of the functions given below: (based on Henri Fayol's thinking on the functions of management.) • Planning: generating plans of action for immediate, short term, medium term and long term periods. • Organizing: organizing the resources, particularly human resources, in the best possible manner. • Staffing: positioning right people right jobs at right time. • Directing (includes leading, motivating, communicating and coordinating): Communicate and coordinate with people to lead and enthuse them to work effectively together to achieve the plans of the organization. • Controlling (includes review and monitoring): evaluating the progress against the plans and making corrections either in plans or in execution.
  • 6. “You need to plan the way a fire department plans.” ... Andrew S. Grove “Preparation is everything. Noah did not start building the ark when it was raining.” ... Warren Buffett
  • 7. Each of these functions is explained in some detail below: • 1. Planning Planning is decision making process. It is making decisions on future course of actions. Planning involves taking decisions on vision, mission, values, objectives, strategies and policies of an organization. Planning is done for immediate, short term, medium term and long term periods. It is a guideline for execution/implementation. It is a measure to check the effectiveness and efficiency of an organization.
  • 8. Importance of planning – The Ant and the Grasshopper In a field one summer's day a Grasshopper was hopping about, chirping and singing to its heart's content. An Ant passed by, bearing along with great toil an ear of corn he was taking to the nest. "Why not come and chat with me," said the Grasshopper, "instead of toiling and moiling in that way?" "I am helping to lay up food for the winter," said the Ant, "and recommend you to do the same." "Why bother about winter?" said the Grasshopper; we have got plenty of food at present." But the Ant went on its way and continued its toil. When the winter came the Grasshopper had no food and found itself dying of hunger, while it saw the ants distributing every day corn and grain from the stores they had collected in the summer. Then the Grasshopper knew: It is best to prepare for the days of necessity
  • 9. e.g. Planning involves developing a systematic process, • the second will be to create a business plan since – "the development of the business plan greatly helps to clarify the organization's plans and ensure that key leaders are all ,for attaining the goals of the organization. • See sample business plan along with this.
  • 10. MISSION , VISION , & GOALS ARE related PART OF PLANNING: • Reliance insurance • Vision: – “ Empowering everyone live their dreams.” • Mission: – Create unmatched value for everyone through dependable, effective, transparent and profitable life insurance and pension plans. • Our Goal: – Reliance Life Insurance would strive hard to achieve the 3 goals mentioned below: • Emerge as transnational Life Insurer of global scale and standard • Create best value for Customers, Shareholders and all Stake holders
  • 11. • 2. Organizing Organizing involves determination and grouping of the activities. Designing organization structures and departmentation based on this grouping. Defining the roles and responsibilities of the departments and of the job positions within these departments. Defining relationships between departments and job positions. Defining authorities for departments and job positions.
  • 12.
  • 13. Effective Delegation of Work • Story: • The Wolf and the Shepherd A Wolf had been prowling around a flock of Sheep for a long time,and the Shepherd watched very anxiously to prevent him fromcarrying off a Lamb. But the Wolf did not try to do any harm.Instead he seemed to be helping the Shepherd take care of the Sheep. At last the Shepherd got so used to seeing the Wolf About that he forgot how wicked he could be. One day he even went so far as to leave his flock in the Wolf's care while he went on an errand. But when he came back and saw how many of the flock had been killed and carried off, he knew how foolish to trust a Wolf as he exclaimed. “I have been rightly served; why did I trust my sheep to a Wolf?”
  • 14. Moral • Delegate your task wisely, and only to people you trust. Companies have risen and fallen because they have entrusted the wrong CEOs and successors with the management duties. Many great family businesses had been ruined at the hands of the children or grandchildren who took over the helm, based on who they were rather than what they could do. When businesses failed, CEOs rightfully took the brunt. The people responsible for delegating the management duties should not be spared either.
  • 15. • Staffing It includes manpower or human resource planning. Staffing involves recruitment, selection, induction and positioning the people in the organization. Decisions on remuneration packages are part of staffing. Training, retraining, development, mentoring and counseling are important aspects of staffing. It also includes performance appraisals and designing and administering the motivational packages.
  • 16. The Goose with the Golden Eggs • Staff is the most valuable asset One day a countryman going to the nest of his Goose found there an egg all yellow and glittering. When he took it up it was as heavy as lead and he was going to throw it away, because he thought a trick had been played upon him. But he took it home on second thoughts, and soon found to his delight that it was an egg of pure gold. Every morning the same thing occurred, and he soon became rich by selling his eggs. As he grew rich he grew greedy; and thinking to get at once all the gold the Goose could give, he killed it and opened it only to find nothing.
  • 17. “The most important factor: our respect for the individual. In IBM it occupies a major portion of management time.” ... Thomas J. Watson, Jr. “People are the lifeblood of any airline.” ... Rod Eddington “You can't treat your people like an expense item.” ... Andrew S. Grove “The more time I spend with our people, the more I find out about our business.” ... Herb Kelleher “Human resources are the greatest assets of any company.” ... Narayana Murthy
  • 18. • 4. Directing – It is one of the most important functions of management to translate company's plans into execution. – It includes providing leadership to people so that they work willingly and enthusiastically. – Directing people involves motivating them all the time to enthuse them to give their best. – Communicating companies plans throughout the organization is an important directing activity. – It also means coordinating various people and their activities. – Directing aims at achieving the best not just out of an individual but achieving the best through the groups or teams of people through team building efforts.
  • 19.
  • 20. • 5. Controlling It includes verifying the actual execution against the plans to ensure that execution is being done in accordance with the plans. It measures actual performance against the plans. It sets standards or norms of performance. It measures the effective and efficiency of execution against these standards and the plans. It periodically reviews, evaluates and monitors the performance. If the gaps are found between execution levels and the plans, controlling function involves suitable corrective actions to expedite the execution to match up with the plans or in certain circumstances deciding to make modifications in the plans.
  • 21. FOUR MANAGEMENT FUNCTIONS ON HP • The functions of management centre on the application of human resource management and technology in HP organizational functions of the management are geared towards enabling the achievement of the company core objectives. • The management functions in the company may change in response towards changes in market environment and technology, or due to organizational growth. • The human resource aspect is very important for any company. • In HP the company management has emphasized the value of better organization of human resource and technology to achieve its goals. The company has achieved this through; four functions of management that are important in creating and maintaining an efficient and effective organizational culture namely; planning, organizing, leading and controlling
  • 22. • Planning : This is the process of developing the company's mission and defining specific methods of accomplishing it. It can be on a broader or narrow perspective depending on the scope of the goal. – Planning comes in a number of ways since all sectors in HP company or rather any other business require some form of planning in order to stick to what has been planned. – First, there is financial planning which entails the budgeting allocations for all the programs being undertaken within the company. Provision of benefits, compensations and salaries are also taken care of at this stage. – Human resource planning is crucial to achieving the best from employees. The goal of planning in relation to human resource is to assist HP to meet its strategic objectives, planning also ensure that the employees are effectively managed and well maintained. – The company ensures better work force planning by proper selection and recruitment, offering orientation and induction to the new recruits, organizing trainings to develop and equip them with new skills. This together with better employment benefits goes a long way in making the employees achieve their targets. In addition the company is able to equip its employees with the latest technological tools which the employees use to achieve efficiency. This improves the technology of the company as more innovations are created.
  • 23. • Organizing is how the internal structure of the company is set. It generally focuses on the division, coordination of activities and how tasks are controlled within the company. – General company procedure demand good organization from the leaders and managers. At HP for the management is responsible for organizing all activities of the employees. This includes meetings that bring together all the employees on board. They also organize daily and monthly meetings within the specific affiliate factories when an issue arises. Proper organization of a meeting or how a project will be conducted results in a successful of the company. Through, these meeting employees are able to exchange views and ideas on how best to improve their work. It is at this meeting that new ideas on technological improvement come up. HP is sorely based on technology, and the managed has insured better organization by providing what is required in terms of tools, materials and skilled manpower. Without proper organization no company can be successful as they will be conflicts in the company. In HP this has been avoided.
  • 24. • Leadership is also described as directing people to do specific duties by influencing their personal behavior through incentives and motivation, teamwork, individual dynamics and discipline. The core purpose of leadership is to channel all the employees' behavior towards attaining the company's objectives. – Leadership is thus essential in creating and maintaining a healthy organizational culture within HP. Leading does not necessarily come from that in power but from any individual who provides information and suggestions on the way forward. Decision making within HP rests on the shoulders of the managers and leaders in the company who usually take risks whenever an issue that requires to be addressed arises. In improving its technology aspects hp have managed to created good team leaders. Teams are usually very inventive and team leaders are used to guide and oversee that the employees are able to achieve new products and improve on product technology.

Editor's Notes

  1. planning involves developing a systematic process for attaining the goals of the organization. planning involves developing a systematic process, the second will be to create a business plan since "the development of the business plan greatly helps to clarify the organization's plans and ensure that key leaders are all ,for attaining the goals of the organization.
  2. After a plan is in place, a manager needs to organize her team and materials according to her plan. Assigning work and granting authority are two important elements of organizing..Organizing brings together the nonhuman resources needed to achieve the project's objectives. To organize is to manage...It begins with the need to define requirements
  3. Directing communicates the goals, purposes, procedures, and means to those who will do the work. Directing is the process of communicating the plan.Leading involves motivating, communicating, guiding, and encouraging. It requires the manager to coach, assist, and problem solve with employees.
  4. This not only involves monitoring of progress but being vigilant so that if negative changes are occurring I can resolve the issue