Functions of Management...

Functions of Management Management is the process of directing resources in an efficient and effective manner towards the accomplishment of the organizational objectives. It is described as a social process involving responsibility for economical and effective planning and regulation of operation of the organization for the fulfilment of the given purposes. It is a dynamic process consisting of various elements and activities. These activities are different from operative functions like marketing, finance, purchase etc. Rather these activities are common to each and every manger irrespective of his level or status. Various management experts have defined management. Some of the definitions of these experts are given below. “Management is the development of people and not the direction of things. Management is the personnel administration.” – Lawrence A. Apply “The art of getting things done through people”- Marry Parker Follet “Management is the art of getting things done through and with the people in formally organised groups.” – Horold Kanontz “To manage is to forecast and plan, to organise, to command, to co-ordinate and to control.” – Henry Fayol “Management is a distinct process consisting of planning, organising, activating and controlling to determine and accomplish the objectives by the use of people and resources.” – G.R. Terry “Management is simply the process of decision making and control over the action of human beings for the express purpose of attaining pre-determined goals.” – Stanley Vance Activity of the management is carried out for fulfilling its responsibilities for achievement of the organizational objectives by pursuing different functions of the management.  Different management experts have broken down, listed and explained these functions. The number of broken down functions by different management experts varies. Some have listed four, some have listed five and some even more than five.  However the...