Explain the functions of management

What are Management Functions?

Management functions are the duties of a manager. They are generally grouped into three categories: planning, organizing and controlling.

Planning refers to activities that help managers to determine what is needed in order to meet organizational objectives, and where the organization can allocate its scarce resources. Organizing refers to tasks that help managers to use their resources effectively by dividing work into manageable parts and allocating or assigning them appropriately. Controlling refers to tasks that help managers evaluate progress toward the achievement of organizational goals, identify variances from expectations, monitor operations for efficiency, effectiveness and compliance with standards or policies.

1.   Planning and Organizing Management

Planning and organizing management is a set of techniques to help people manage their time more efficiently.

The following are some of the benefits of effective planning:

-Time management

-Workload distribution

-Reducing stress and anxiety by setting goals

-Improved decision making and creativity

The first thing that a manager should do is to identify the goals of a project and then put together a plan for achieving them.

2.   Leading and Motivating People

Leading and motivating people is a key responsibility in any management position. The ability to lead and motivate people is critical to the success of your organization and should be a top priority for every manager. However, the methods of leadership vary depending on individual personalities. This article will outline 10 different styles of leadership, how they work, what makes them successful, and examples from popular culture that showcase them in action.

3.   Controlling and Monitoring

Controlling and Monitoring are both important aspects of management. This article will focus on the importance of monitoring, how it is done, and some key points to keep in mind when monitoring.

Monitoring is an integral part of management. It helps a manager stay informed about what is happening in the company, which can help them make decisions for their business in the future. Monitoring also provides a way for managers to track progress toward goals. A common way for managers to monitor their staff are through performance reviews.

4.   Dealing with Workforce Challenges in company management

It is not easy to recruit workers these days and it is even harder to retain them. The competition for talent is fierce. There are also many benefits that companies can offer to attract and retain workers, but there are also negative consequences such as high turnover costs, lack of opportunity for employees to advance their skills, and a lack of innovation because the workforce lacks diversity which leads to homogenous ideas.

Companies need to change their approach if they want their employees stay with them for a long time. They should focus on the well-being of the individuals in order to get greater engagement and motivation from them.

5.   Developing Plans for Improvement

Development plans for improvement in a company can be developed in various ways. One way is by understanding the company’s strengths and weaknesses. Then, make an assessment using the SWOT analysis technique to see how they can improve on these areas.

6.   Managing Change

Managing change is difficult because of the uncertainty and complexity that it entails. There are several types of change, such as organizational, technological, social, political and environmental. However, not all changes are equal. For instance, an organization may be changing their organizational structures while a technology company is dealing with new technologies entering the market. While an individual may be experiencing a political change in their country or region but they are not directly involved in the organization’s change process.