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Question
Management is a series of continuous interrelated functions. Comment.
Solution
Management is the process of planning, organizing, staffing, directing and controlling in such a manner that the goals of the organization are met with minimum cost and time.
All of the above functions have to be performed simultaneously and in synchronization. All the types of functions are explained below:
a. Planning- Planning is the first step in Management. It means deciding what to do, how to do, and who should do it. It also involves the establishment of the goals of the organisation to be achieved and also devising the method of achieving them both effectively and efficiently.
b. Organizing - The duties and the tasks are grouped together and allotted to different departments. Hierarchy established throughout the department. Proper organisation helps to increase the effectiveness and efficiency.
c. Staffing - Staffing involves hiring the correct people with the required qualification for the work. It also includes the training and development of the people.
d. Directing- directing refers to the guiding of the employees in the firm. It has four aspects- supervision, leadership, motivation, and communication.
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