{"id":1894,"date":"2019-07-16T13:12:44","date_gmt":"2019-07-16T13:12:44","guid":{"rendered":"https:\/\/commerceiets.com\/?p=1894"},"modified":"2019-07-16T13:12:44","modified_gmt":"2019-07-16T13:12:44","slug":"process-of-management","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/process-of-management\/","title":{"rendered":"PROCESS OF MANAGEMENT"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/process-of-management\/#MEANING\" title=\"MEANING\">MEANING<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/process-of-management\/#FEATURES_OF_MANAGEMENT_PROCESS\" title=\"FEATURES OF MANAGEMENT PROCESS\">FEATURES OF MANAGEMENT PROCESS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/process-of-management\/#PROCESS_OF_MANAGEMENT\" title=\"PROCESS OF MANAGEMENT\">PROCESS OF MANAGEMENT<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/process-of-management\/#PLANNING\" title=\"PLANNING\">PLANNING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/commerceiets.com\/process-of-management\/#ORGANISING\" title=\"ORGANISING\">ORGANISING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/commerceiets.com\/process-of-management\/#STAFFING\" title=\"STAFFING\">STAFFING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/commerceiets.com\/process-of-management\/#DIRECTING\" title=\"DIRECTING\">DIRECTING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/commerceiets.com\/process-of-management\/#CO-ORDINATION\" title=\"CO-ORDINATION\">CO-ORDINATION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/commerceiets.com\/process-of-management\/#CONTROLLING\" title=\"CONTROLLING\">CONTROLLING<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"wp-block-heading\" id=\"meaning\"><span class=\"ez-toc-section\" id=\"MEANING\"><\/span>MEANING<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p class=\"has-medium-font-size\">Process of <a href=\"https:\/\/commerceiets.com\/management\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Management (opens in a new tab)\">Management<\/a> includes planning, organising, staffing, directing, coordinating and controlling in order to achieve the organizational goals effectively and efficiently.&nbsp; <\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background has-medium-font-size\"><strong>ACCORDING TO LOUIS ALLEN<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cManagement is what manager does.\u201d<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background has-medium-font-size\"><strong>ACCORDING TO HENRY FAYOL<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cTo manage is to forecast and plan, to organize, to command,\nto co-ordinate and to control.\u201d<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background has-medium-font-size\"><strong>ACCORDING TO GEORGE R TERRY&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cManagement\nis a distinct process consisting of activities of planning, organising,\nactuating and controlling performed to determine and accomplish stated\nobjectives with the use of human beings and other resources.\u201d<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background has-medium-font-size\"><strong>ACCORDING TO JAMES L LUNDY<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cManagement is principally the task of\nplanning, coordinating, motivating and controlling the efforts of others\ntowards a specific objective.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Management is a process which brings\nthe scarce resources together and motivates people for the achievement of\nobjectives of the organisation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"features-of-management-process\"><span class=\"ez-toc-section\" id=\"FEATURES_OF_MANAGEMENT_PROCESS\"><\/span>FEATURES OF MANAGEMENT PROCESS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Management process is characterized by\nfollowing features:<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>SOCIAL PROCESS:<\/strong> Management is a social process because it involves human beings, employees, employers, government, suppliers and customers etc. For achieving the goal of an enterprise, it is essential for the management to study the complex nature of human beings.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>CONTINUOUS PROCESS:<\/strong> Management is a continuous process or never ending function. It is not an isolated activity. It continues to operate till the organized activities of a group continue to achieve its objectives. It is an ongoing activity without any breaks and gaps. For example: Planning, Organizing, Staffing, Directing and controlling are performed by all the managers all the time. Sometimes, they are doing planning, then staffing, organizing etc. and other times directing or controlling.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>UNIVERSAL OR PERVASIVE:<\/strong> Management is pervasive i.e. universal in nature. It is applicable to all types of organisations whether it is profit organisation, non-profit organisation, social, religious, sports or military organisation. It is the concept which is used all over the world.<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background has-medium-font-size\"><strong>ACCORDING TO HENRY FAYOL<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cBe it a case of commerce, politics, religion, war\u2026. In very\nconcern there is management function to be performed.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>ITERATIVE:<\/strong> Managerial functions are inter-related to each other. Various functions are taken together. All functions i.e. planning, organising, staffing, directing, coordinating and controlling are sub-functions of each other.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"process-of-management\"><span class=\"ez-toc-section\" id=\"PROCESS_OF_MANAGEMENT\"><\/span>PROCESS OF MANAGEMENT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"planning\"><span class=\"ez-toc-section\" id=\"PLANNING\"><\/span>PLANNING<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">Planning is the first step of process of\nmanagement. It is deciding in advance about the future course of action. It is\na \u2018Thinking before Doing\u2019 function. It is deciding about:<\/p>\n\n\n\n<ul><li>What to do?<\/li><li>How to do?<\/li><li>When to do?<\/li><li>Who will do it?<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\">It is a mental activity. It bridges the gap\nbetween where we stand today and where we want to reach. Planning is the basic\nof all other functions of management.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"organising\"><span class=\"ez-toc-section\" id=\"ORGANISING\"><\/span>ORGANISING<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">The next step of management after planning is\norganising. It is concerned with assembling, arranging, guiding, coordinating,\ndirecting and controlling the activities of others factors of production i.e.\nman, material, machinery and money to achieve the goals of business\norganisation.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">It involves:<\/p>\n\n\n\n<ul><li>Creating organizational structure.<\/li><li>Job description, Job specification.<\/li><li>Determining authority-responsibility\nrelationships.<\/li><li>Specifying the accountability of each\njob.<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\">It is also responsible for setting an organisation\nstructure to implement the plans made. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"staffing\"><span class=\"ez-toc-section\" id=\"STAFFING\"><\/span>STAFFING<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">Staffing is concerned with filing and keeping the\npositions filled in the organisation structure. It is a function concerned with\nhuman resources of an organisation. It consists of:<\/p>\n\n\n\n<ul><li>Manpower planning<\/li><li>Recruitment, selection and training of\nemployees<\/li><li>Placement and orientation<\/li><li>Development, promotion, transfer and\nperformance appraisal<\/li><li>Determination of employee remuneration\nand other incentives.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"directing\"><span class=\"ez-toc-section\" id=\"DIRECTING\"><\/span>DIRECTING<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">Directing is concerned with carrying out the\ndesired plans. It is associated with guiding, leading, motivating supervising\nand inspiring the employees to work in a desired way to achieve the goals of\nthe organisation effectively and efficiently. Direction is \u2018Management in\nAction.\u2019<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Directing involves:<\/p>\n\n\n\n<ul><li>Supervision<\/li><li>Leadership<\/li><li>Motivation<\/li><li>Communication<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\">Directing initiates organized and planned action\nand ensures effective performance by subordinates towards the accomplishment of\ngroup objectives.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"co-ordination\"><span class=\"ez-toc-section\" id=\"CO-ORDINATION\"><\/span>CO-ORDINATION<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">Co-ordination is regarded as an <strong>Essence of Management<\/strong>. It is one of the most important functions of management. Co-ordination brings unity in action and integrates different activities of organisation. It ensures planned objectives are achieved with minimum cost. It is a continuous process and performed at all levels of organisation. It acts as binding force within the organisation.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>SUPERVISION:<\/strong> It refers to overseeing the work of the employees or subordinates to ensure maximum utilization of resources.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>MOTIVATION:<\/strong> It means an act of stimulating and inspiring someone to contribute his best for the accomplishment of goals.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>LEADERSHIP:<\/strong> Leadership is a process by which an executive or manager directs or guides and influences the work of others in choosing and attaining specified goals.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>COMMUNICATION:<\/strong> It means sharing of ideas, suggestions, feelings, emotions and knowledge and information between two or more persons. It is essential to create the cordial or good relations between the management and employees. It may be upward i.e. from subordinates to superior or downward i.e. from superior to subordinate.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"controlling\"><span class=\"ez-toc-section\" id=\"CONTROLLING\"><\/span><strong>CONTROLLING<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">Controlling is last step of process of management.\nIt means determining what is being accomplished. It is concerned with\nevaluating the performance of the employees and applying the corrective\nactions, if necessary.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Controlling involves:<\/p>\n\n\n\n<ul><li>Establishing standards of performance<\/li><li>Measuring Actual performance<\/li><li>Comparing actual performance with\nstandard performance<\/li><li>Finding out the deviations, if any<\/li><li>Taking corrective actions.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management\/\">Management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/objectives-of-management\/\">Objectives of management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/functions-of-management\/\">Functions of management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/process-of-management\/\">Process of management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management-is-an-art\/\">Management as an art<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-as-a-science\/\">Management as a science<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-as-profession\/\">Management as a profession<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/joint-stock-company\/\">Company<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/incentive-plans\/\">Incentive plans<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/14-principles-of-management-by-henri-fayol\/\">14 principles of management by Henry Fayol<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/principles-of-scientific-management\/\">Principles of scientific management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/scientific-management\/\">Scientific management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/what-is-work-study\/\">Work study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/time-study\/\">Time study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/motion-study\/\">Motion study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/method-study\/\">Method study<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/planning\/\">Planning<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/importance-of-planning-in-management\/\">Importance of planning in management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/benefits-of-planning-in-business\/\">Advantages of planning in business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/process-of-planning\/\">Process of planning<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/types-of-planning-in-business\/\">Types of planning in business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/setting-objectives-in-management\/\">Setting objectives in management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/objectives\/\">Objectives<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/smart-test\/\">SMART test<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management-by-objectives\/\">Management by objectives<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/policies-in-business\/\">Policies in Business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-and-business-administration\/\">Management and business administration<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/functional-areas-of-management\/\">Functional areas of management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/limited-liability-partnership\/\">Limited Liability partnership<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-llp-and-company\/\">LLP Vs company<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-llp-and-partnership\/\">LLP vs Partnership<\/a><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noreferrer noopener\">CONNECT ON LINKEDIN<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"266\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-1024x266.jpg\" alt=\"PROCESS OF MANAGEMENT\" class=\"wp-image-787\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-1024x266.jpg 1024w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-300x78.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-768x199.jpg 768w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-1536x398.jpg 1536w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>PROCESS OF MANAGEMENT<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>MEANING Process of Management includes planning, organising, staffing, directing, coordinating and controlling in order to achieve the organizational goals effectively and efficiently.&nbsp; ACCORDING TO LOUIS ALLEN \u201cManagement is what manager does.\u201d ACCORDING TO HENRY FAYOL \u201cTo manage is to forecast and plan, to organize, to command, to co-ordinate and to control.\u201d ACCORDING TO GEORGE R&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/process-of-management\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;PROCESS OF MANAGEMENT&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":1895,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[83],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/1894"}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=1894"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/1894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/1895"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=1894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=1894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=1894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}