18 Questions
What is the function of control in management?
The function of control consists of activities undertaken to ensure no deviation in the plan.
How is the control function often misunderstood?
The control function is often misunderstood as restricting people in their job.
Give examples of common activities used to check deviations in control function.
Budgets, audit of records, payroll of employees, and items of expenditure are common examples.
Why is the function of control essential for management?
Control function ensures that organizational objectives are met and helps in taking corrective actions.
How many functions of management are typically performed by an organization?
An organization typically performs five functions of management.
What are some challenges that management faces for effectiveness?
Organizations face challenges like ensuring effective management, as well as encountering various obstacles.
What is the function of management that involves preparation for future action and setting objectives and strategies?
Planning
Which function of management is described as an activity that bridges the gap between the present and the future?
Planning
What does the acronym POSDCoRB stand for in the context of management functions?
P- Planning O- Organizing S- Staffing D- Directing Co- Coordinating R- Reporting B- Budgeting
According to Henry Fayol, what are the five functions of management as listed in the acronym POCCC?
P- Planning O- Organizing C- Coordinating C- Controlling C- Commanding
What function of management involves ensuring that activities are in line with the planned objectives and strategies?
Controlling
Which function of management encompasses coordinating, reporting, and budgeting according to management thinkers?
Controlling
What role do managers have to play in managing resistance to change?
Change agent
How do contemporary organizations have to adapt to survive in a competitive scenario?
Welcome change and evolve strategies
What are the three facts stated about change?
Everywhere, constantly present, pace of change experienced by everyone
What are the factors that have provoked change management in business?
Technology, cost, competition
What is the key approach for managing the cost effectively?
Efficient management of available resources, minimizing waste
In the context of managing organizations, what has been agreed upon by a majority of authors?
Managing organizations through people
Study Notes
Management Functions
- The control function involves setting standards, performance targets, and measures, as well as taking corrective action to ensure no deviation from the plan.
- Controlling aims to check whether organizational objectives are met and provide leads to the planning function by monitoring and checking deviations.
- Common examples of checking deviation include budgets, audit of records, payroll of employees, and items of expenditure.
Challenges of Management
- Effective management faces several challenges, including those discussed by Luther Gullick and Henry Fayol.
- Luther Gullick's acronym POSDCoRB relates to Planning, Organizing, Staffing, Directing, Coordinating, Reporting, and Budgeting.
- Henry Fayol's acronym POCCC relates to Planning, Organizing, Coordinating, Commanding, and Controlling.
Planning
- Planning is preparation for future action, bridging the gap between the present and future.
- It involves setting objectives, strategies, policy formulation, and laying down procedures and programs for achieving objectives.
- Planning is an all-pervasive function that applies to all levels of management and is future-oriented.
Change Management
- Change is everywhere, constantly present, and its pace is increasing.
- People often dislike and resist change, but it is inevitable and necessary for survival in a competitive scenario.
- Managers must act as change agents to manage resistance to change and make change a habit.
- Examples of change include the introduction of low-cost internet packages by Reliance Jio and the need for continuous learning and development in the organizational context.
Learn about the function of control in management, including setting standards, performance targets, and taking corrective actions. Understand the importance of controlling to ensure the proper implementation of plans.
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