Managerial functions, Management Theories

Assignment Help:

MANAGERIAL FUNCTIONS

We have  already seen that there  are several definitions given by experts to  explain the meaning and scope of management. One way is to view management as a set of common processes or functions which, when carried out well, lead to organisational efficiency and effectiveness. These processes or functions have been broken  down into a set of related elements forming a useful framework. A function is a type of work activity that can be identified and distinguished from other work. Experts have identified several  managerial functions as important elements of management. While Newman and Summer have identified four functions namely, organising, planning, leading and controlling, Henri Fayol has recommended five basic functions namely, planning, organising, commanding,coordinating and controlling.Most authors present the following five as the essential functions: planning, organising, staffing, directing and controlling. Luther Gulick and L. Urwick have coined an acronym for seven functions namely POSDCORB which stands for Planning, Organising,Staffing,Directing,Coordinating,Reportingand Budgeting. Some of these functions are presented and discussed here separately. It is important to remember that they are carried out simultaneously and concurrently.The view of this approach is that an organisation is a total system and these functional elements are interrelated and interdependent. The major advantage of separating and discussing these functional elements individually is that this provides a helpful means to examine the various threads that are interwoven into the fabric of what managers actually do.  


Related Discussions:- Managerial functions

In Search of Greener Pastures, Rohit joined ABC Ltd., a heavy engineering u...

Rohit joined ABC Ltd., a heavy engineering unit, having a turnover of about Rs. 20 crores, in the junior management cadre as a direct recruit. During his tenure with the company, R

Starbucks, managment skills of howard schultz

managment skills of howard schultz

Decision Making, Explain different types of decisions Discussions

Explain different types of decisions Discussions

Quality control, what is quality control in total quality management?

what is quality control in total quality management?

Operations management, what is process design? explain in detail with help ...

what is process design? explain in detail with help of a diagram?

Problem , problem of behavior in banking industry ?

problem of behavior in banking industry ?

Explain the process of communication, PROCESS OF COMMUNICATION: Proces...

PROCESS OF COMMUNICATION: Process of communication involves: (1) sender ideas, information, etc.,(2)encoding (3) message (4) medium (5) receiver (6) decoding (7) receipt of

What is the purpose of planning, Q. What is the purpose of planning? a....

Q. What is the purpose of planning? a. To verify the direction of an organization b. To provide a foundation for team work c. to reduce wastages in the future d. To ma

face value as the canadian bond , A 1- year Canadian bond with a face valu...

A 1- year Canadian bond with a face value of 5000 can be purchased at 4800. a)    Determine the nominal interest rate in Canada. b)    If the Canadian dollar is predicted to de

SELECTION PROCESS, what is the steps of humman resource management SELECTIO...

what is the steps of humman resource management SELECTION PROCESS

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd