Managing involves five functions.These functions represent the management process. Some of the specific activities involved in each function include:
- Planning: establishing goals and standards; developing rules and procedures; developing plans and forecasting.
- Organizing: giving each subordinate a specific task; establishing departments; delegating authority to subordinates; establishing channels of authority and communication; coordinating subordinates work.
- Staffing: determining what type of people you should hire; recruiting prospective employees; selecting employees; training and developing employees; setting performance standards; evaluating performance; counseling employees; compensating employees.
- Leading: getting others to get the job done; maintaining morale; motivating subordinates.
- Controlling: setting standards such as sales quotas, quality standards, or production levels; checking to see how actual performance compares with these standards; taking corrective action, as needed.
Management Process are the five basic functions of management. Process are: planning, organizing, staffing, leading, and controlling.