What Is Management?

Management - is a process of planning, organizing, leading and controlling a company’s financial physical, human and informational resources in order to achieve its goal.

Planning- is the setting up of goals or target results including the work schedules, quality specifications, operating procedures , rules, and cost budgeting.

Organizing- the determination of relationship among individual in a group in the performance of a task including the function of staffing, where it determines exactly how many workers are needed to meet the target. It also involves the lining up of tools and equipment in its proper place as to avoid unnecessary waste of time, effort, and materials while pursuing production process.

Leading- this management function concerned with the effort to guide workers in putting plans into actions by issuing orders instructions. In order to achieve harmonious working condition at the workplace, three important principles; leadership style, proper motivation, and good human relation should be a guide in directing. Directing usually done through delegation of work by conferring of authority and responsibility to others and the creation of accountability of performance.

Controlling- the process in which it measures the result of work whether it meets the expected outcome, which is a matter of evaluating the performance of an individual and the group as whole comparing it with the set policy standard. It is a balancing activity between people and other resources of the firm especially the policy. It is also a matter of how to regulate group activities as well as the conduct and behavior of every individual in the organization. It is an effort to check whether the activities are keeping well according to plans and standards set by the policy programs and the giving of corrective actions.