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Explain the various functions of management. Main Functions:

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1. Planning:- Planning is the primary function of management. Planning is a constructive reviewing of future needs so that present actions can be adjusted in view of the established goal.

2. Organising:- Organising is the process of establishing harmonious relationship among the members of an organisation and the creation of network of relationship among them.

3. Staffing:- Staffing function comprises the activities of selection and placement of competent personnel.

4. Directing:- Directing denotes motivating, leading, guiding and communicating with subordinates on an ongoing basis in order to accomplish pre-set goals.

5. Controlling:- Controlling is performed to evaluate the performance of employees and deciding increments and promotion decisions.

6. Co-ordination:- Co-ordination is the synchronization of the actions of all individuals, working in the enterprise in different capacities.

7. Motivating:- The goals are achieved with the help of motivation. Motivation includes increasing the speed of performance of a work and developing a willingness on the part of workers.

Subsidiary Functions:

1. Innovation:- Innovation includes developing new material, new products, new techniques in production, new package, new design of a product and cost reduction.

2. Representation:- A manager has to act as representative of a company. It is the duty of every manager to have good relation with others.

  3. Decision-making:- Every employee of an organisation has to take a number of decisions every day. Decision-making helps in the smooth functioning of an organisation.

  4. Communication:- Communication is the transmission of human thoughts, views or opinions from one person to another person. Communication helps the regulation of job and co-ordinates the activities.
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