Management in all business and organizational activities is the act of getting people together to accomplish desired goals and

objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources.

FUNCTIONS : 1. PLANNING

creating a framework for future decisions 2. ORGANIZING getting the right resources together and developing an appropriate structure to divide up tasks 3. LEADING AND MOTIVATING achieving tasks either individually or through delegation to others 4. CONTROLLING maintaining performance levels by monitoring and evaluation appraisal MANAGERIAL ROLES : Figurehead Leader Liaison - external world 2. Information roles

Monitor Disseminator Spokesperson 3. Decisional roles Entrepreneur - strategy Disturbance handling Resource allocator Negotiator MANAGERIAL ROLES (cont.) 1. Emissaries - (sales staff) 2. Writers - (a/c's and finance) 3. Discussers - (typical middle management) 4. Trouble shooters - (operations mgr.) 5. Committee persons - (local government. - education) Future Management terms: 1. End of traditions 2. Size - (small is better than larger) 3. Entrepreneurship and intrepreneurship 4. Firm becoming employee oriented 5. Trade unions - seats on the board 6. Middle management? Director Role

Taking Initiative Goal Setting Delegating Effectively Producer Role Personal Productivity And Motivation Motivating Others Time And Stress Management Coordinator Role

Planning Organizing And Designing Controlling Monitor Role Reducing Information Overload Analysing Info With Critical Thinking Presenting Info; Writing Effectively Mentor Role Understanding Yourself And Others Interpersonal Communication Developing Subordinates Facilitator Role Team Building Participative Decision Making Conflict Management Innovator Role Living With Change Creative Thinking Managing Change Broker Role Building And Maintaining A Power Base Negotiating Agreement And Commitment Presenting Ideas

Planning (also called forethought) is the process of thinking about and organizing the activities required to achieve a desired goal. Planning involves the creation and maintenance of a plan. As such, planning is a fundamental property of intelligent behavior. This thought process is essential to the creation and refinement of a plan, or integration of it with other plans; that is, it combines forecasting of developments with the preparation of

scenarios of how to react to them. An important, albeit often ignored aspect of planning, is the relationship it holds with forecasting. Forecasting can be described as predicting what the future will look like, whereas planning predicts what the future should look like.[1] The counterpart to planning is spontaneous order.

Planning is a rational action mixed with a little of forethought. It is seen everywhere. In a business, planning is the primary of all managerial functions as it involves deciding of future course of action. Thus, planning logically precedes the execution of all managerial functions. Planning is the process of deciding in advance what is to be done, where, how and by whom it is to be done. Planning as a process involves anticipation of future course of events and deciding the best course of action. Thus, it is basically a process of thinking before doing. All these elements speak about the futurity of an action. Koontz and ODonnell have defined planning in terms of future course of action. They state that Planning is the selection from among alternatives for future courses of action for the enterprise as a whole and each department within it. Objective Nature Of Planning

 Significance Of Planning Nature Of Planning The nature of planning can be highlighted by studying its characteristics. They are as follows: Planning is a mental ac tivity Planning is not a simple process. It is an intellectual exercise and involves thinking and forethought on the part of the manager. Planning is go al -o riented Every plan specifies the goals to be attained in the future and the steps necessary to reach them. A manager cannot do any planning, unless the goals are known. Planning is forward looking Planning is in keeping with the adage, look before you leap. Thus planning means looking ahead. It is futuristic in nature since it is performed to accomplish some objectives in future. Planning pervades all managerial ac tivity

Planning is the basic function of managers at all levels, although the nature and scope of planning will vary at each level. Planning is the primary func tio n .Planning logically precedes the execution of all other managerial functions, since managerial activities in organizing; staffing, directing and controlling are designed to support the attainment of organizational goals. Thus, management is a circular process beginning with planning and returning to planning for revision and adjustment. Planning is based o n facts Planning is a conscious determination and projection of a course of action for the future. It is based on objectives, facts and considered forecasts. Thus planning is not a guess work. Planning is flexible Planning is a dynamic process capable of adjustments in accordance with the needs and requirements of the situations. Thus planning has to be flexible and cannot be rigid.

Planning is essentially decisio n making -

Planning is a choice activity as the planning process involves finding the alternatives and the selection of the best. Thus decision making is the cardinal part of planning. Significance of Planning According to G.R. Terry, Planning is the foundation of most successful actions of all enterprises. An enterprise can achieve its objectives only through systematic planning on account of the increasing complexities of modern business. The importance and usefulness of planning can be understood with reference to the following benefits Minimizes uncertainty-The future is generally uncertain and things are likely to change with the passage of time. Planning helps in minimizing the uncertainties of the future as it anticipates future events. Emphasis on objectives-The first step in planning is to fix the objectives. When the objectives are clearly fixed, the execution of plans will be facilitated towards these objectives Promotes coordination-Planning helps to promote the coordinated effort on account of pre-determined goals

Facilitates control- Planning and control are inseparable in the sense that unplanned actions cannot be controlled. Control is nothing but making sure that activities conform to the plans.

Improves competitive strength- Planning enables an enterprise to discover new opportunities, which give it a competitive edge. Economical operation- Since planning involves a lot of mental exercise; it helps in proper utilization of resources and elimination of unnecessary activities. This, in turn, leads to economy in operation. Encourages innovation-Planning is basically the deciding function of management. Many new ideas come to the mind of a manager when he is planning. This creates an innovative and foresighted attitude among the managers Tackling complexities of modern business- With modern business becoming more and more complex, planning helps in getting a clear idea about what is to be done, when it is to be done, where it is to be done and how it is to be done.