Friday, 18 November 2011

1. Planning 
Planing is the main and basic management or a business. planing is where you decide and plan goals for your busniess 


2. Organizing
its the bringing together physical, financial and human resources and developing productive relationship
Ex.Identification of activities
       Classification of grouping of activitie
       Assignment of duties.
       Delegation of authority and creation of responsibility.
       Coordinating authority and responsibility relationships.


3. Staffing 
manning the organization structure and keeping it steady  
Ex 
  • Recruitment, selection & placement.
  • Training & development.
  • Remuneration.
  • Performance appraisal.
  • Promotions & transfer.
4. Leading 

Supervision- implies overseeing the work of subordinates by their superiors. It is the act of watching & directing work & workers.
Motivation- means inspiring, stimulating or encouraging the sub-ordinates with zeal to work. Positive, negative, monetary, non-monetary incentives may be used for this purpose.
Leadership- may be defined as a process by which manager guides and influences the work of subordinates in desired direction.
Communications- is the process of passing information, experience, opinion etc from one person to another. It is a bridge of understanding.


5. Controlling 



  • Establishment of standard performance.
  • Measurement of actual performance.
  • Comparison of actual performance with the standards and finding out deviation if any.
  • Corrective action.
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