Management Fundamentals

Do you wish to develop your skills in management fundamentals? The below article will help you know what needs to be done.

Management fundamentals

The Fundamentals of Management

Management is a multifaceted process involving activities like planning, organizing, staffing, deciding, and controlling. Planning is the process of setting up organizational objectives, defining policies to achieve them and allocating resources to accomplish the goals. The controlling function helps in planning and coordination and finds reasons for deviation of actual performance from plans and takes corrective measures to make certain organizational progress.

Staffing function involves manpower scheduling, employment, training and development, performance evaluation and compensation.

Organizing process involves bringing together the existing creative, material and financial assets to achieve the objectives set in planning phase. Organizing would need delegation and decentralization of power.

Directing function requires Continue reading