Functions of management:
Some of the functions of management are basic to all forms of managerial activity. They are applicable to all forms of business enterpises. These are as follows:
- Planning
- Organising
- Directing
- Controling
- Decision Making
Planning
Planning in all aspects of production, selling etc are essential in order to minimize the intangible
Planning is a process by which a manager anticipates the features and discovers alternative process of action available to him. If more feasable then he/she will take that action
Planning is a rational, economic and systematic way of making decison which will effect the future
Planning is very essential for utilizing the available faculties (manpower, matarial, process) to the best of advantages