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MBA-Introduction to management-Functions of managers

Teena D.
08 Jan 0 0
  1. Functions of managers

Managerial roles are useful tools for managers to achieve the organisational planned objectives. They include general administrative duties that need to be carried out virtually with all organisations.

Below are as follows:

1.Planning

2.Organising

3.Staffing

4.Leading

5.Controlling

Planning:

---Helps a firm to decide the future course of action.

-Defined as the process by which managers determine the mission and objectives of the firm and decide the necessary steps to achieve the desired goals.

--Various types of plan- plan for overall purpose & objectives or specific action.

- Needed to determine future trends in business & incorporate change & innovation from time to time.

Organising

- The process of assigning tasks & allocating resources to individuals to accomplish goals.

-It's processed to determine:

--which tasks are performed

-how tasks can be best combined with specific jobs

-how jobs can be grouped into different units.

-authority & reporting relationship in the corporate hierarchy

Staffing:

 ---- Can be referred to as human resource management and filling of various positions in the organisational hierarchy.

-Activities involve:

 - workforce requirements

-assess no: of people in an organisation

-recruit ,select,train,place them

-deals with compensation, performance appraisal, promotion &career planning.

Leading:

-its the function of influencing, motivating,&directing people towards the achievement of organisational goals

-Affecting &inspiring team members to perform well & achieve corporate objectives

It involves:

--communicating with others

---leadership styles & approach es

-motivating people to achieve goals

-its an act of making things happen through others

Controlling:

-defined as continuous measurement &analysis of actual operations against established industry standards developed during planning process & corrections of deviations 

- The basic process involves:

-compare performance with standards

-determine where negative deviations occur

----develop remedial measures to correct deviations.

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