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Questions and Answers
What is the primary plan that secondary plans flow from?
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?
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?
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What is the outcome of formulation of a derivative plan?
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Which step in planning involves allocating resources?
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What is the primary goal of planning?
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What is the role of staffing in planning?
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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.
