Any management team of a business would become successful if it is gained through proper decisions, accomplishments, missions and objectives. Success in a company requires effectiveness and efficiency. Managers who accomplish their goals and mission are considered to be effective.
To solve problems in the company you got to have these functions so that you can accomplish the mission and vision of your company. So here are the five integral functions of management to run a highly successful enterprise.
Planning is the process of creating the business vision, mission and objectives and how it will be accomplished. When planning, one has to view the organization such as its mission, goals, and techniques as such what things they want to accomplish at the end.
Organizing is arranging the internal structure of the organization. This is where you can divide, coordinate and control the task and information within the organization. The managers distribute the authority to do some jobholders.
Staffing is when you designate the qualified people in the position that you want them to be in the business. First you recruit the people you want to hire for your company. After hiring there goes the training for your employees. Then evaluate them if they can pass or not. The last step would be to compensate the specific task or activities that is included in the function. When it is about the family business, staffing means the unpaid and paid positions held by family members including the owner or operators.
Leading is when you influence the people’s behavior through proper leadership, group dynamics, communication, motivations and discipline. It aims to assign the behaviors of all the personnel to accomplish the mission of the organization and objectives while helping them to accomplish their own career objectives.
Controlling is the last process of creating performance standards based on the firm’s objectives, measuring and reporting actual performance and comparing the two.