This article throws light upon the five basic functions performed by managers in an organisation. The functions are: 1. Planning 2. Organising 3. Staffing 4. Directing 5. Controlling. Function # 1. Planning: "Planning is selecting information and making assumptions regarding the future to formulate the activities necessary to achieve organisational objectives." — Terry and Franklin "Planning involves selecting missions and [...]
This article throws light upon the three categories of roles played by managers in an organisation. The categories are: 1. Interpersonal Roles 2. Informational Roles 3. Decisional Roles. Category # 1. Inter-Personal Roles: The need for these roles arises because managers constantly interact with the superiors, peers, subordinates and the outside parties. Unless a person is a role model to [...]
This article throws light upon the ten main challenges faced by managers in an organisation. The challenges are: 1. Globalisation 2. Quality and Productivity 3. Ownership 4. Environment 5. Strategy Formulation 6. Ethics and Social Responsibility 7. Workforce Diversity 8. Change 9. Empowerment 10. Information Technology. Challenge # 1. Globalisation: Almost all home companies face the challenge of competition with [...]