Meaning: Leadership is an important element of the directing function of management. Wherever, there is an organized group of people working towards a common goal, some type of leadership becomes essential. “Leadership is not defined by the exercise of power but by the capacity to increase the sense of power among those led,” Marry Parker Follet …
Directing (Leading) Directing as a managerial function, deals with guiding and instructing people to do the work in the right manner. Directing/leading is the responsibility of managers at all levels. They have to work as leaders of their subordinates. Clear plans and sound organisation set the stage but it requires a manager to direct and …
Management Process- Directing & Controlling; Role of Management Read More »
Organising Organising is next to planning. It means to bring the resources (men, materials, machines, etc.) together and use them properly for achieving the objectives. Organisation is a process as well as it is a structure. Organising means arranging ways and means for the execution of a business plan. It provides suitable administrative structure and …
Scope Although it is difficult to precisely define the scope of management, yet the following areas are included in it: 1. Subject-Matter of Management: Planning, organizing, directing, coordinating and controlling are the activities included in the subject matter of management. 2. Functional Areas of Management: These include: Financial Management includes accounting, budgetary control, quality control, financial planning and managing the …
Management is the process of administering and controlling the affairs of the organization, irrespective of its nature, type, structure and size. It is an act of creating and maintaining such a business environment wherein the members of the organization can work together, and achieve business objectives efficiently and effectively. Management acts as a guide to a group of people …
