What are the functions of Management?

The functions of management are Planning, Organsing, Staffing, Leading, and Controlling.

Planning involves precisely determining the objectives, ie. deciding in advance what is to be done, when it is to be done, and how it is to be done.

Organising refers to the identification of activities and creation of departments. Thus, it also leads to creation of authority and responsibility relationships throughout the enterprise.

Staffing involves manpower planning, employment of personnel through recruitment and selection, placement, induction, orientation, training, development, performance appraisal, industrial relations etc.

Leading or leadership is an indispensable activity which every manager has to perform for directing the people under him towards accomplishment of common goals. it includes communication, supervision, motivation etc.

Controlling involves setting standards of performance, comparing actual performance against these standards, identifying derivation and taking corrective actions to ensure that activities are carried but in conformity with the plans. Thus, control is a comparision and verification process.

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