Functions of Management

Planning

Planning is specifying the goals to be

achieved and deciding in advance the

appropriate actions taken to achieve

those goals. Planning activities include

analyzing current situations,

anticipating the future, determining

objectives, deciding what types of

activities the company will engage in,

choosing corporate and business strategies, and determining the resources needed to achieve the

organization's goals. The outcome of the planning process is the organization’s strategy.

b. Organizing

Organizing is assembling and coordinating the human, financial, physical, informational, and other

resources needed to achieve goals. Activities include attracting people to the organization, specifying job

responsibilities, grouping jobs into work units, marshalling and allocating resources, and creating conditions

so that people and things work together to achieve maximum success. The outcome of organizing is an

organizational structure.

c. Leading

Leading is stimulating people to be high performers. It is directing, motivating, and communicating with

employees, individually and in groups. Leading involves close day-to-day contact with people, helping to

guide and inspire them toward achieving team and organizational goals. Leading takes place in teams,

departments, divisions, and at the tops of entire organization. The outcome of leading is a high level of

motivation and commitment.

Human Resource Management (MGT501) VU

Copyright © Virtual University of Pakistan 8

‘Managing is like holding a dove in your hand.

If you squeeze too tight, you kill it. Open your

hand too much, you let it go’ - T. Lasorda

Dr. Mukhtar Ahmed

ORGANIZATIONAL

GOALS

Planning

Leading

Controlling

Organizing

HUMAN

RESOURCES

INFORMATION

RESOURCES

PHYSICAL

RESOURCES

FINANCIAL

RESOURCES

The Management Process

d. Controlling

Comprehensive plans; solid organization, and outstanding leaders do not guarantee success. The fourth

functional controlling, monitors...