MANAGERIAL FUNCTIONS WITHIN THE ORGANIZATION

Abstract

Management is an essential aspect within the economic life of the human beings, which is an organised group activity. It is considered as the essential institution in the modern social organization, noticeable by scientific thought and technical innovations and methods. One or the other form of management is fundamental, wherever human efforts are to be carried out co-operatively to satisfy the needs through some productive activity, occupation or profession. It is the management that regulates the productive activities of the individuals through the co-ordinated use of resources and materials. In order to manage any task, function or an activity within the organization, it is essential to understand the managerial functions of planning, organizing, directing, staffing, co-ordinating and controlling. There are numerous organizations and to ensure that they are advancing towards welfare, productivity and profitability, and to satisfy the needs and requirements of the individuals, the managerial functions should be implemented effectually.