Management and its functionalities

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Effective management and leadership involve inventive problem solving, motivating employees and making sure the organization accomplishes objectives and goals. There are five functions of management and leadership: planning, organizing, staffing, coordinating and controlling. These functions separate the management process from other business functions such as marketing, accounting and finance.


Management:

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Management is the process through which a manager works with and through the people (personnel) and other resources, in order to reach the overall goal of the organization.
Management includes the three elements described below:

1. It is a procedure or series of ongoing and connected activities
2. It engages and focuses on attainment of organizational overall goals
3. It attains these goals by working with and through people and other organizational resources

Management functions:

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There are 5 basic management functions

1. Planning
2. Organizing
3. Staffing
4. Coordinating
5. Controlling

1. Planning

This is the first and basic function of management that allows managers to control all the planning procedures and helps organization to run smoothly and effectively. It involves defining a goal and determining the most appropriate way or tricks to reach this goal.


2. Organizing:

This is the second most important function of management that controls the overall structure of the organization as it’s the foundation of any organization to have a definable organization structure. The day to day activities of the organization will be difficult and unsuccessful without this structure. So Organizing involves designating tasks and responsibilities to employees with the specific skill sets needed to complete the tasks. Organizing also involves developing the organizational structure and chain of command within the company.


3. Staffing:

This is very important function of management which relates to HR and hence controls all the recruitment processes and needs of the employees. The very immense function is to hire the right person for the right job so that organization’s goals can be achieved effectively and efficiently.


4. Coordinating:

This function of management controls all the organizing, planning and staffing activities of the organization and guarantees all activities function jointly for the excellence of the organization. Coordinating classically takes place in meetings and other planning sessions with the department heads of the company to make sure all departments are on the same page in terms of objectives and goals. Coordinating involves communication, supervision and direction by management.


5. Controlling:

This is last but not the least function of management and has very importance in all of the above functions. After planning the right strategies the company’s management work hard to achieve those goals for the goodness of the company and after achieving these goals management must compare the achieved goals with standards that made at the start while planning. So in short controlling involves creating performance standards and monitoring the output of employees to ensure each employee’s performance meets those standards.