Elements of Management Process
Planning: It is all about creating plans, policies and strategies to meet the objectives of the organization. It involves creating plans and procedures to meet vision and mission of the organization. It is the essence of entire management process as it gives the light of direction to rest of the process. These plans becomes the future actionable of the organization hence ensuring that these are created keeping in mind the overall corporate objectives is very integral.
Organizing: This step or element is also a very critical element of the entire management process. It involves arrangement of the resources like men, material, power, money etc in a way that it becomes possible for the organization to achieve its goals. The two main important things to do in this step is to arrange the resources and do its effective utilization.
Coordination: For an organization to move towards progress and achievement of the corporate objective is only possible when there is coordination of efforts. We all know that an organization is divided into various departments such as finance, HR , productions, marketing etc hence it is significant that there is coordination between them as well the department heads. To achieve this it is very binding that we have strong system of communication in the organization.
Motivation: Motivation as concept is majorly part of human resource management since it deals with human aspect majorly. The ability to induce a positive behavior in someone towards a particular task etc is called motivating him or her. Creating a motivated workforce goes a long way in achieving objectives. It enables fulfillment of objectives no matter how many failures come but when the personnel will be motivated to work towards it then it makes all the difference.
Control :This is the function that helps to regulate, check and optimize overall company performance . It involves review of the actual results with the standards or the yardstick. It definitely involves lot of review meet ups and follow up meetings. Besides when there is a shortfall there has to be a plan of action.
All these elements are very integral to the essence of management . To create plagiarism free process of management assignment writing help, students can now contact the professionals at BookMyEssay.
Significance of Process of Management
Helps in attainment of group goals by unification of efforts. Process of management creates common pool of efforts from everyone which is directed towards ultimate organizational goals. All the processes work towards bringing together resources and remove any sort of obstacles.
Management process ensures that it results in the best and optimum utilization of the resources. It ensures to arrange for the right resources and enable their maximum utilization. Unless all resources are put to best use the results cannot be of expected quality.
One of the common aim of any management process is that it helps in reducing the costs by removing any obstacles and hurdles. Reduced costs means more margins and higher productivity.
A firm managerial process in action always ensures that there is sound organizational structure. It displays clear authority responsibility, chain of command and clean structure to know who reports to whom.
Helps in maintaining equilibrium and creates balance by keeping in update of the external environment. It helps balance out internal environment according to the outside world such as demand supply, user preferences and any changing environment.
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