Principle and Practice of Management
REG. NO :- IIMM/AP/1/2006/5150
NAME :- SUNIL KUMAR DHAKA
SUBJECT:- PRINCIPLES & PRACTICE OF MANAGEMENT
ANSWER:- 1(a)
FUNCTIONS OF MANAGERS: All the managers have to perform certain functions in the organization to get the things done by the others. Functions of management are:- a) Planning b) Organising c) Staffing d) Leading e) Controlling f) Coordination
(a) Planning: - Planning is an indispensable function of management. It determines the objectives to be achieved and the course of action to be followed to achieve them. No real plan exists until a decision – a commitment of human or material resources has been made. Planning includes:- i) Determination of objectives ii) Forecasting iii) Search of alternate course of action and their evaluation iv) Drawing policies and procedures v) Budgeting
Planning is a pre-requisite of doing any thing. Planning is continuous and never ending activity. It leads to more effective and faster achievements in any organization and enhance the ability of the organization to adopt to future eventualities. We can say that it is nothing but a decision making in advance at all levels.
(b) Organising: - Organising is the process of dividing the work into the convenient tasks or duties of delegating authority to each so that work is carried out as planned. Organising involves identification and grouping activities to be performed and dividing them among the individuals and responsibility relationships among them. The process of organising involves the following steps:- (i) Determination of objectives. (ii) Division of activities. iii) Fitting individual to specific jobs. iv) Developing relationship in terms of authorities and responsibilities. v) Coordinating the activity throughout the organization as planned. Organising can be viewed as a bridge connecting the conceptional ideas developed in
NAME :- SUNIL KUMAR DHAKA
SUBJECT:- PRINCIPLES & PRACTICE OF MANAGEMENT
ANSWER:- 1(a)
FUNCTIONS OF MANAGERS: All the managers have to perform certain functions in the organization to get the things done by the others. Functions of management are:- a) Planning b) Organising c) Staffing d) Leading e) Controlling f) Coordination
(a) Planning: - Planning is an indispensable function of management. It determines the objectives to be achieved and the course of action to be followed to achieve them. No real plan exists until a decision – a commitment of human or material resources has been made. Planning includes:- i) Determination of objectives ii) Forecasting iii) Search of alternate course of action and their evaluation iv) Drawing policies and procedures v) Budgeting
Planning is a pre-requisite of doing any thing. Planning is continuous and never ending activity. It leads to more effective and faster achievements in any organization and enhance the ability of the organization to adopt to future eventualities. We can say that it is nothing but a decision making in advance at all levels.
(b) Organising: - Organising is the process of dividing the work into the convenient tasks or duties of delegating authority to each so that work is carried out as planned. Organising involves identification and grouping activities to be performed and dividing them among the individuals and responsibility relationships among them. The process of organising involves the following steps:- (i) Determination of objectives. (ii) Division of activities. iii) Fitting individual to specific jobs. iv) Developing relationship in terms of authorities and responsibilities. v) Coordinating the activity throughout the organization as planned. Organising can be viewed as a bridge connecting the conceptional ideas developed in