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Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.
According to Fayol, management operates through five basic functions: planning, organizing, commanding, coordinating and controlling. Planning: Deciding what needs to happen in the future and generating action plans (deciding in advance). Organizing (or staffing): Making sure the human and nonhuman resources are put into place. [64] Commanding ...
Fayol's influence is also visibly apparent in Gulick's five elements of management discussed as in his book, which are as follows: Planning – examining the future and drawing up plans of actions; Organizing – building up the structure (labor and material) of the undertaking; Command – maintaining activity among the personnel
From these definitions, it can be stated that there is a close link between planning and controlling. Planning is a process by which an organization's objectives and the methods to achieve the objectives are established, and controlling is a process that measures and directs the actual performance against the planned goals of the organization.
The organizing of information has taken place since human beings learned to write in the 4th millennium BC. [citation needed] This can be seen through multiple aspects of geography such as religion, books, spoken word, and science. Organizing involves coordinating and arranging information, resources or people in order to meet a planned objective.
According to Fayol, the five functions of management are planning, organizing, commanding, coordinating, and controlling. Without proper business management, a firm cannot utilize its resources properly so, it is the most important term in running a business firm. [5]
Project management – discipline of planning, organizing, securing, managing, leading, and controlling resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, [ 1 ...
The planning function involves establishing goals and arranging them in a logical order. Administrators engage in both short-range and long-range planning. Organizing: Once a plan of action is designed, managers need to provide everything necessary to carry it out; including raw materials, tools, capital and human resources. Identifying ...