Podcast
Questions and Answers
What is the primary plan that secondary plans flow from?
What is the primary plan that secondary plans flow from?
What is the next step in planning after formulation of a derivative plan?
What is the next step in planning after formulation of a derivative plan?
Which of the following is a bridge between operational needs and human requirements?
Which of the following is a bridge between operational needs and human requirements?
What is the purpose of securing co-operation in planning?
What is the purpose of securing co-operation in planning?
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What is the relationship between a primary plan and secondary plans?
What is the relationship between a primary plan and secondary plans?
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What is the outcome of formulation of a derivative plan?
What is the outcome of formulation of a derivative plan?
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Which step in planning involves allocating resources?
Which step in planning involves allocating resources?
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What is the primary goal of planning?
What is the primary goal of planning?
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What is the role of staffing in planning?
What is the role of staffing in planning?
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What is the relationship between planning and directing?
What is the relationship between planning and directing?
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Study Notes
Management Functions
- A good manager needs to oversee all five functions of management simultaneously to ensure productivity and profitability.
- The five functions of management are: Planning, Organizing, Staffing, Directing, and Controlling.
Planning
- Planning involves deciding in advance what to do, how to do it, and who is to do it.
- It aims to develop a comprehensive sketch for achieving an explicit organizational objective.
- Well-planned is half done.
- Planning is an ongoing process that continues throughout the life of an organization.
- The steps in planning include: establishment of objectives, establishment of planning premises, formulation of derivative plans, and securing co-operation.
Organizing
- Organizing is a function of management that brings together human, physical, and financial resources.
- It ensures the proper utilization of available resources and the capability to comprehend how these resources should be used to achieve the goal.
- Organizing involves defining role positions, jobs, and the coordination between authority and responsibility.
Directing
- Directing is a function of management that encourages subordinates to work effectively and efficiently.
- It involves arranging the concerned team or department, which uses resources to put the plan into reality.
- Directing is a pervasive function, an end function, and a continuous activity.
Staffing
- Staffing facilitates the achievement of results and is a bridge between the operational needs and human requirements of its employees.
- It is an essential function of management that ensures the effective administration and development of resources.
Controlling
- Controlling is a function of management that measures performance and ensures that actual performance is in line with the planned performance.
- It involves follow-up and appraisal of plans to ensure that they are being implemented correctly.
- Controlling is a function that ensures the proper utilization of available resources and the capability to comprehend how these resources should be used to achieve the goal.
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Description
Test your knowledge of management functions, including planning, organizing, and directing. This quiz covers the key concepts and principles of effective management.
