The-Five-Functions-of-Management overview.pptx

Introduction to management ppt

1. The Five Functions of Management Management involves five key functions, each crucial for the effective operation of an organization. Da by DEJENE ADUGNA

2. Planning 1 Setting Objectives Establishing clear and achievable goals for the organization. 2 Developing Strategies Creating plans to achieve the defined goals and targets. 3 Allocating Resources Assigning the necessary resources to ensure successful execution.

3. Organizing Creating Structure Designing a framework to ensure efficient operations. Defining Roles Assigning responsibilities to facilitate smooth workflow. Establishing Relationships Developing a network of communication and cooperation.

4. Staffing Recruitment Talent Acquisition Identifying and attracting skilled individuals. Training Skill Development Enhancing the capabilities of the workforce.

5. Leading Inspiring Others Guiding and motivating the team towards common goals. Decision Making Choosing the best course of action for the organization.

6. Controlling Setting Standards Defining performance levels to be achieved. Measuring Performance Evaluating actual results against the established standards. Implementing Changes Adjusting processes to ensure desired outcomes are realized.

7. Management Process 1 Continuous Improvement Iteratively enhancing processes to achieve organizational objectives. 2 Adaptation to Change Responding proactively to shifts in internal and external environments. 3 Optimizing Efficiency Streamlining operations to maximize productivity and minimize waste.

8. Essential Management Skills Communication Effectively conveying ideas and information. Teamwork Collaborating with others to achieve common goals. Decision-making Making sound judgments and choices. Problem-solving Analyzing situations and finding effective solutions.