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Management

It is the base upon which all other areas of management are built. Planning requires administration to assess where the company presently is and where it would be in the coming years. From there, an appropriate course of action Is determined and Implemented to attain the company’s goals and objectives. Organizing: The second function of the management is getting prepared and getting organized. The management must organize all its resources beforehand, to follow the course of action decided during the planning process.

Determining the hierarchy of the organization, ensure the harmonistic of staff, and try to find out the best way to handle the Important task. Determine the Dillon of work according to Its need and decide for suitable departments to hand over authority and responsibilities. Steps in organizing: 1. Defining Jobs and Activities 2. Organizing Activities 3. Distribution of Authority 4. Balancing Authority and Responsibility Directing/Leading: Directing or leading Is the third function of management. Ender this function the management control and supervise the actions of the staff. It also enables them to render assistance to the employees by guiding them in the right direction, to achieve the company’s goals and also accomplish their personal or career goals, which can

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be ordered by motivation, communication, department dynamics, and department leadership. Controlling processes is a continuous process it includes establishing performance standards, which are aligned to the company’s objectives.

It also involves evaluation and reporting of actual Job performance. The controlling function aims to check if the tasks being allotted are performed on time and according to the standards set. Staffing – The Fifth Function: Some modern management experts also include the function of staffing as an important management practice. It is an important because it puts the right man in he right Job. Without human resources, no organization can get off the ground, let alone do business and make profits.

Problem Solving and Decision Making Problem Solving and Decision Making are two different things, problem solving is the process of working through details of a problem to reach a solution. While decision making is selecting a logical choice from the available options. Effective problem solving usually involves working through a number of steps or stages, such as; Problem Identification-detecting and recognizing that there is a problem; identifying the nature of the problem; defining the problem. Structuring the Problem – developing a clear picture of the problem.

Looking for Possible Solution – generate a range of possible courses of action, but with little attempt to evaluate them at this stage. Decision making When trying to make a good decision, a person must weigh the positives and negatives of each option, and consider all the alternatives. For effective decision making, a person must be able to forecast the outcome of each option. ; Decision making is a reasoning or emotional process that can be rational or irrational. ; Problem solving and decision making are distinct. Problems are deviations from what the results actually are against what they should be. Most decisions are made unconsciously because it is too time consuming to methodically identify pros and cons for each alternative in decisions made on a daily basis. Implementation: Accepting and carrying out the chosen course of action. Monitoring/Seeking Feedback: Reviewing the outcomes of problem solving over a period of time, including seeking feedback as to the success of the outcomes. Time management is the act or process of planning and exercising conscious control over the amount of mime spent on specific activities, especially to increase effectiveness, efficiency or productivity.

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