Fed up with reading online?? Get the PDF's and Printed Notes at Nominal Rates
Click Here
Functions of Management:-
Planning
Organizing
Staffing
Direction
Coordination and control
Decision making
| OUTPUT
Attainment goals effectively & efficiently
|
| INPUTS/RESOURCES
Human Finance
|
| CONTROLLING
Measuring performance with standards & taking corrective actions |
| PLANNING
Setting of objects & selecting ways |
| ORGANIZING
Establishing relationships, Delagting authority & assign tasks |
| DIRECTING
Leading & motivating employees to attain objectives |
FUNCTIONS OF MANAGEMENT
PLANNING
Planning is a process of determination of organization’s objectives and selecting the courses of actions. i.e. Plans for attaining them.
Planning is the primary or basic management function.
Planning Process
| Environmental scanning |
| Setting Objectives |
| Establishing Planning Premises |
| Searching alternatives |
| Evaluating alternatives |
| Selecting the most appropriate alternative |
| Formulating derivative plans |
| Budgeting i.e. Committing Resources |
| Implementing Plans |
| Follow – up actions |
Types/Dimensions of Planning
- Corporate Planning : Business product line
- Long term Planning : > 5years
- Short term Planning : 1 year
- Medium term Planning : 2-5 years
- Strategic planning : Long term, corporate planning for dealing with the organization Competitive environment.
- Operational or Tactical Planning : Plans that specified detail operations needed to achieve The overall organizational goals. (Short range planning)
(Administrative Plans)
- Functional Planning : Production, Marketing, Personnel, Finance.
Components/Elements of Planning
Objectives : The basic tools that underline all planning and strategic activities.
Strategy: The Long term action plan to attain objectives.
Policies: These are general statements or understanding that guide or channel thinking in decision making.
Procedure: A Chronological Sequence of steps or actions to be taken to accomplish a Specific task or job.
Method: It is a prescribed way of completing a step in a procedure.
Rules: Specific recored statements that direct what must or must not be done in a Given situation.
Standards: It is a measure against whuch the level of performance is measured or Evaluated.
Programmes: An action plan consisting sequence and timing of steps necessary to achieve Objectives.
Schedules: A plan which indicates the time of commencement of task, passing through Different stages or process and finalising the task.
Budgets: Numerical Plan containing expected result in quantative way.
Project: It is smaller action plan and a distinct part of a programme.
Tactics: Short term action plan for implementing strategy.
Mizoram PSC Notes brings Prelims and Mains programs for Mizoram PSC Prelims and Mizoram PSC Mains Exam preparation. Various Programs initiated by Mizoram PSC Notes are as follows:-- Mizoram PSC Mains Tests and Notes Program
- Mizoram PSC Prelims Exam 2017- Test Series and Notes Program
- Mizoram PSC Prelims and Mains Tests Series and Notes Program
- Mizoram PSC Detailed Complete Prelims Notes