The Five Functions Of Management

The Five Functions of Management Professor: Gordana Matić Student: Mirjana Dostanić 187/07

The Five Functions of Management • • • • •

Planning Organizing Staffing Directing Controlling

First,what is management? •

Management is creative problem solving. This creative problem solving is accomplished through five functions of management: planning, organizing, staffing,directing and controlling. The intended result is the use of an organization's resources in the way that its mission and objectives are accomplished.

Planning • Planning is concerned with the future impact of today's decisions. • Planning is the ongoing process of developing the business' mission and objectives and determining how they will be accomplished. • The planning function provides the goals and standards that drive the controlling function. • Finally, planning can be classified into three separate categories, namely strategic planning, tactical planning and operational planning

Organizing • Organizing is establishing the internal organizational structure of the organization. The focus is on division, coordination, and control of tasks and the flow of information within the organization. It is in this function that managers distribute authority to job holders. • Organizing establishes relationships between activity and authority.

Staffing • Staffing is filling and keeping filled with qualified people all positions in the business. Recruiting, hiring, training, evaluating and compensating are the specific activities included in the function. • Staffing success is having the "right person" in a position, rather than simply filling a position.

Directing • Directing is influencing people's behavior through motivation, communication, group dynamics, leadership and discipline. The purpose of directing is to channel the behavior of all personnel to accomplish the organization's mission and objectives while simultaneously helping them accomplish their own career objectives.

One important category of directing • Motivation covers up ability and skill deficiencies in employees. • The most effective motivation for employees comes from within each employee -self-motivation. • Highly motivated people perform better than unmotivated people.

Controlling • •

Controlling - The final function of management Controlling is a five-step process of establishing performance standards based on the firm's objectives, measuring and reporting actual performance, comparing the two, and taking corrective or preventive action as necessary. • The basic purpose of controlling is to determine how successful the planning function has been.

THE END