Tuesday, July 23, 2013

IGCSE BUSINESS STUDIES Topic : Functions of a manager

Functions of the manager

There are basically four management concepts that allow any organization to handle the tactical, planned and set decisions. The four basic functions of the management are just to have a controlled plan over the preventive measure.
functions-of-manager
These Functions can be summarized below:

Planning

Planning is the first tool of the four functions in the management process. The difference between a successful and unsuccessful manager lies within the planning procedure. Planning is the logical thinking through goals and making the decision as to what needs to be accomplished in order to reach the organizations’ objectives. Managers use this process to plan for the future, like a blueprint to foresee problems, decide on the actions to evade difficult issues and to beat the competition.

Organising

The second function of the management is getting prepared, getting organized. Management must organize all its resources well before in hand to put into practice the course of action to decide that has been planned in the base function. Through this process, management will now determine the inside directorial configuration; establish and maintain relationships, and also assign required resources.

Directing

It involves the implementation of plans by mobilising individuals and group efforst through motivation, communication, leadership and supervision. Directing may be defined as the process of activating the efforts of employees towards the achievement of organisational objectives.

Controlling

It is the process of regulating the ongoing activities of the organisation to ensure that they are in conformity with the established plans and produce the desired results. Through the controlling function, management can keep the organisation o its chosen track. It involves:
  • Establishing standards of performance
  • Measuring current performance
  • Comparing actual results with the established standards
  • Detecting deviations from the standards
  • Taking corrective actions for significant deviations.

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