Management or management function Essay Example | Topics and Well Written Essays - 500 words

Management or management function - Essay Example Planning is a continuous process to carry out company’s functions in a manner to achieve the predefined objectives of the company. Planning is necessary throughout the business lifecycle because it evaluates the current condition of the organization’s performance and checks the credibility of the current plan. If the current plan lacks in terms of performance and does not look suitable to achieve the objectives of the firm, management principles require the plans to be altered according to the requirements. However, it is necessary to implement the plans as they are arranged. The basic rule is to remember that â€Å"nothing happens without a plan†. Organizing is another important function of management which requires deciding on the organizational structure. It includes the important procedures of division, coordination and control of functions within the organization. It also establishes a route for the flow of information throughout the organizational structure. The importance given to communication should not be ignored and hence the process of organizing is important to deliver the right information to the right person on the right time. This function of management also decides the level of authority given to each employee. Hence, this function is also important for the day to day activities of the business. Managers must concentrate on the smallest possible point while organizing as a smaller mistake may affect the performance and reputation of the organization. Staffing is the process which most of the people associate with organizing. It involves the processes of hiring, recruiting, training, performance evaluation of employees and decisions about compensation of the employees. This process involves the decision of choosing the right person for the right job with the right authorities to carry out that particular job. It is often a difficult decision as it is not certain that the person concerned is well