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The MGT
The MGT
Management may be defined as the art of work done through people, with
the satisfaction of the employer, employees, and the public.
To do this, it is necessary to guide, direct, control human effort towards the
fulfilment of the goal of the enterprise.
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Management[/caption]
Concept of management :
Importance of management:
• No enterprise can survive without management, even if it possesses huge
money, the best machinery, expert manpower. Because without
management, it will be all confusion, nobody will know what to do.
• Management guides and controls the activities of manpower for
maximum utilization of the company's resources.
• Managers provide new ideas and vision to the organization to do better.
• The manager provides stability to the company by changing and
modifying the resources in accordance with the changing environment of
the society.
• Management helps personality development thereby raising efficiency
and productivity.
Many management experts have given their own explanation regarding the functions of
management but the concept is the same. Considering all the views of experts on
management functions, it may be said that management involves the following functions-
1. Planning,
2. Organising,
3. Staffing,
4. Directing, and
5. Controlling.
1. Planning:
In planning, managers decide what are the goals to be achieved, Where and How to achieve
them planning helps to achieve the objectives easily and efficiently. Planning involves
Forecasting before selecting the objective, making strategies and find out the best procedure
to achieve them.
The planning function is mostly performed by the top-level managers but every level of
managers will be involved in planning. The top-level manager spends their most of time in
planning, the lower level managers follow the policies, programmes and procedures laid
down by the top management.
While planning managers have to ensure the proper utilization of the resources (man,
machine, material, money). This is the main goal of every organization.
2. Organising:
According to Henri Fayol, “to organise a business is to provide it with everything useful to
its functioning — raw materials, tools, capital and personnel.” So, organising is the bringing
together all the organizational resources and direct them systematically towards the desired
goals.
3. Staffing:
Every enterprise needs quality people for certain positions, especially for managerial
positions. According to Management Theory by Harold Koontz and Cyril O’ Donell, “the
managerial function of staffing involves manning the organisational structure through
the proper and effective selection, appraisal and development of personnel to fill the
roles designed into the structure.”
Staffing function involves- select people properly according to the position, proper wages,
proper evaluation of candidates and provide them with proper training so that they can
perform effectively.
Staffing function is a very important managerial function because it is concerned with the
selection of persons who are properly qualified and mentally well-adjusted to the situations.
Board of directors are staffing executive-level managers and low-level manager are
generally selects by top-level managers.
4. Directing:
Directing is the art of getting things done by the people, that means to tell subordinates, what
to do and seeing that they do it with the best of their ability. Directing includes making
assignments, corresponding procedures, seeing that mistakes are corrected; providing on-the-
job instructions and, of course, issuing orders.
According to Unvick and Brech “directing is the guidance, the inspiration, the
leadership of those men and women that constitutes the real core of responsibility of
management.”
The directing function involves- make proper communication with the subordinates and
gives them order and instructions, guiding and inspiring them to work properly, and
supervising over the subordinates to ensure that the work done by them is in conformity with
pre-determined objectives.
5. Controlling:
Controlling function is the process that effectively measures current performance and guides
the work towards the pre-determined objectives. The essence of control lies in checking
existing actions against some desired results determined in the planning process.
It determines what is being accomplished, evaluating the performance and finds if necessary
applying corrective measures so that the performance takes place according to desired plans.
The controlling function involves- Set the standard for measuring the work performance,
compare the actual performance with the standards, taking correcting action if needed to
ensure attainment of goals.
1. Technical skills
2. Conceptual skills
3. Human relation skills
1. Technical skill –
2. Conceptual skills –
It is the ability of a person to take a timely and accurate decision, that required
mental ability and presence of mind.
Organizational skills –
Organisational skills help to select the right people at the right job.
Human relation skills- is the ability to work with other people and reach
organizational goals.
Motivating skills – inspire people to do what the manager wants them to do, the
manager can use positive method include, rewards, praise, etc or the negative
method like punishment, threat, etc.