Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources. According to the functions approach managers perform certain activities to efficiently and effectively coordinate the work of others. Henri Fayol is the first to write about the management functions. Management Functions can be classified as:
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Planning |
 |
Organizing |
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Leading |
 |
Controlling |
Planning
Planning means defining goals for future organizational performance and deciding on the tasks and sues of resources needed to attain them. A lack of planning or poor planning can hurt an organization performance involves defining goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities.
Organizing
Organizing involves arranging and structuring work to accomplish the organization''s goals.