The various aspects of the functions of management which are Research Paper

The various aspects of the functions of management which are beneficial for managerial decision making - Research Paper Example The researcher states that management is regarded as a social process involving responsibility for effective and economic planning and regulation of operation of an organization in the fulfillment of the tasks and objectives. The functions of management would include allocation of resources, job design and enhancement of product development. It also enables monitoring which is an important aspect of control and design of well laid plans, activities. These functions are very important at each and every level or status. According to George &Terry there are usually four fundamental functions of management which includes planning, organizing, actuating and controlling. According to Henry Fayol to manage is to forecast, plan, organize, command and control. These four functions of function play pivotal role in determining the strategic process and completion of goals and objectives. These functions help in determining and setting goals and objectives and also developing accurate budgeting procedure. In theory the functions of management would be convenient and would not be separable from each other. The various functions of management would be inseparable from each other and affect the performance of each other. Management functions exist for a particular purpose and that includes manufacturing a product or service, responsibility for a mission accomplishment requires central figure and also to coordinate the primary activities. (Chruden & Sherman, 1980). The main objective of the functions of management would be as follows: Strategic High conceptual and low technical High human relations Tactical Moderately conceptual and technical High human relations Operational Low conceptual and high technical High human relations Planning: It is a systematic process in which the management makes managerial decisions about the future activities and the key goals that would be easily pursuable. It deals with designing of future course of action for the accomplishment of predeterm ined tasks. This deals with the understanding of the manager and contexts in which they operate and this activity starts with the commencement of planning process by examining the company’s operation (Drucker, 1972). Organizing: It shares with similar bonds and other management functions. Organizing helps in perfect job design and outlining the job description activities (Gomez-Mejia, Balkin & Cardy, 2005).Organizing is a process of bringing together resources and people to create products and services. Staffing: This function would enable modifications as new management functions necessitate and evolve. The achievement of the organizational goals through effective and efficient deployment of people is regarded as staffing. This includes filling of several organizational posts by hiring the required and qualified personnel. Controlling: It is regarded as the process of evaluation of the performance of the employees against the established goals. It is also regarded as a creat ion of methods appropriate to take corrective actions for the improvement in the overall performance of the organization. Effective control system are applied and implemented at every departments, functional area and individual levels. This helps in