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Managerial Functions
Managerial Functions
The functions which describe managerial job, when put together, make up the management
process. This process is analyzed into key functions of management viz., planning,
organizing, staffing, directing and controlling. Planning, organizing and controlling which
deal mostly with non-human aspects are known as mechanics of management, whereas
staffing and direction which are primarily concerned with human aspects constitute dynamics
of management. In the conceptual scheme, though the functions are listed out in a sequence, I
practice they are interlocked as a system. As all functions are not equally important for all
managers, time spent by them for each of these functions varies according to their levels in
the organization. These functions has been discussed below:
1. Planning: Planning refers to anticipate the opportunity, problems and conditions and
choosing from among the alternative future courses of action. The planning process
generally includes the following activities.
1. Forecasting is looking ahead to anticipate the opportunity, problems and
conditions in a future period of time.
2. Establishing objectives means setting the end results to be accomplished by
directing organizational efforts.
3. Programming is establishing sequence and priority of actions to be followed
in the attainment of the objectives.
4. Scheduling is deciding on time sequence for program steps.
5. Budgeting is allocation of resources to minimize costs.
6. Establishing procedures means developing and applying standardized
methods of performing a specific work.
7. Developing policies involve establishment and interpretation of standing
decisions that apply to repetitive questions and problems of significance to be
organization as a whole.