The document discusses the four main functions of management: planning, organizing, leading, and controlling. It provides details on each function: - Planning involves determining goals and objectives and strategies to meet them. It bridges the gap from current state to desired future state. - Organizing is arranging resources and developing relationships to accomplish goals. It involves identifying activities, grouping activities, assigning duties, and coordinating relationships. - Leading provides direction and vision. It includes supervising, motivating, and communicating with subordinates. - Controlling measures performance against standards, identifies deviations, and takes corrective action. It is an ongoing process of checking progress and ensuring plans are accomplished.

1. MANAGEMENT
FUNCTIONS
2023
JANUARY

2. KEY TERMS
Management:- the process or functions of planning,
organizing, leading, and controlling.
Planning:- the act or process of creating goals and
objectives as well as the strategies to meet them.
Organizing:- getting the resources arranged in an
orderly and functional way to accomplish goals and
objectives
organizational chart:- a chart that shows how the firm
is structured and who is in charge of whom

3. KEY TERMS
Leading:- providing direction and vision.
Controlling:- keeping the company on track and
making sure goals are met

4. MGT KEY CONCEPTS

7. PLANNING
• It is the basic function of management. It deals with chalking out a future
course of action & deciding in advance the most appropriate course of
actions for achievement of pre-determined goals.
• Planning is deciding in advance - what to do, when to do & how to do. It
bridges the gap from where we are & where we want to be.
• A plan is a future course of actions. It is an exercise in problem solving &
decision making.
• Planning is determination of courses of action to achieve desired goals. Thus,
planning is a systematic thinking about ways & means for accomplishment
of pre-determined goals.
• Planning is necessary to ensure proper utilization of human & non-human
resources. It is all pervasive, it is an intellectual activity and it also helps in
avoiding confusion, uncertainties, risks, wastages etc.

8. PLANNING
• A key activity of all managers is planning the work
under their direction.
• Working with each other and with the people who
will carryout the plans, managers clarify objectives
and set goals for each department or sub-division.
• They establish policies and standard procedure to
guide those who do the work.
• Managers must develop programs, strategy and
schedules. This development can only keep the
work moving towards objectives.

9. • Planning is the core area of all the functions
of management. It is the foundation upon
which the other three areas should be build
.
• The planning process is ongoing.
• The plans have to be changed or readjusted
periodically if required based on new
information and changes.

12. ORGANIZING
• It is the process of bringing together physical, financial
and human resources and developing productive
relationship amongst them for achievement of
organizational goals.
• According to Henry Fayol, “To organize a business is to
provide it with everything useful or its functioning i.e.
raw material, tools, capital and personnel’s”.
• To organize a business involves determining &
providing human and non-human resources to the
organizational structure.

13. • Organizing as a process involves:
 Identification of activities.
 Classification of grouping of activities.
 Assignment of duties.
 Delegation of authority and creation of
responsibility.
 Coordinating authority and responsibility
relationships.

14. • Getting organized is the second function of
management. Management must organize all its
resources in order to implement the course of
action it determined in the planning process.
• Through the process of getting organized,
management will determine the internal
organizational structure; establish and maintain
relationships, as well as allocate necessary
resources.

16. DIRECTING
• It is that part of managerial function which actuates the
organizational methods to work efficiently for
achievement of organizational purposes.
• It is considered life-spark of the enterprise which sets it
in motion the action of people because planning,
organizing and staffing are the mere preparations for
doing the work.
• Direction is that inert-personnel aspect of management
which deals directly with influencing, guiding,
supervising, motivating sub-ordinate for the achievement
of organizational goals.

17. .
Direction has following elements:
• Supervision- implies overseeing the work of subordinates by
their superiors. It is the act of watching & directing work &
workers.
• Motivation- means inspiring, stimulating or encouraging the
sub-ordinates with zeal to work. Positive, negative, monetary,
non-monetary incentives may be used for this purpose.
• Leadership- may be defined as a process by which manager
guides and influences the work of subordinates in desired
direction.
• Communications- is the process of passing information,
experience, opinion etc. from one person to another. It is a bridge
of understand

18. DIRECTING
• Directing (Leading): A manager must also provide
leadership if the team working with him in the
organization are to work together and achieve the
desired results.
• A Manager must keep good relation with every
member of his team .In leading a manager strives to
integrate the needs of his subordinates with the
welfare of the company.
• A leader (Manager) must try to maintain a good
balance between individual motivation and
efficiency.

20. Controlling
• It implies measurement of accomplishment against the standards and
correction of deviation if any to ensure achievement of organizational
goals.
• The purpose of controlling is to ensure that everything occurs in
conformities with the standards. An efficient system of control helps to
predict deviations before they actually occur.
• Controlling is the process of checking whether or not proper progress is
being made towards the objectives and goals and acting if necessary, to
correct any deviation.
• 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”.

21. CONTROLLING
• Therefore controlling has following steps:
 Establishment of standard performance.
 Measurement of actual performance.
 Comparison of actual performance with the
standards and finding out deviation if any.
 Corrective action

25. END OF PRESENTION