Management functions and their applicability

Small business owners generally like to rely on themselves to do the jobs.They are action-oriented. However,as the business grows,they find themselves overworked.They become owner-managers. They rely on the key employees for doing the jobs.The skills of team members complement each other.They concentrate on solving problems.Management is the process of getting the jobs done through other people to achieve objectives with efficiency and effectiveness.Efficiency is getting through best use of resource.Effectiveness is done the right things to achieve objectives.Management performs functions.The functions of management are:-

• Planning-It is predetermining future.It sets objectives and the actions to achieve them.It choose future courses of action from among alternatives.Planning is deciding in advance about what to do,how to do and when to do it.It is time bound.Plans provide targets.They allocate resources in a coordinated manner.It guides managers to focus their attention on what to do.
• Organizing-It assembles resources.It assigns duties and coordinates efforts.It establishes a structure.All the jobs necessary to achieve objectives are assigned to people who can do them best.
• Staffing-It is people who carryout jobs.Staffing is filling and keeping filled positions in the organization structure.The position are matched with skills.It is the human resource management function in small businesses.
• Leading-It is a process of guiding and influencing the subordinates to willingly contributes toward goals.It inspires people to do what needs to be done.
• Controlling-It is monitoring performance.It is the measurement and correction of performance to achieve planned targets.It is cyclical process.