The basic functions of Management given by Koontz and O’Donnel

Management is strategizing the work. Management assignment help will let students know better about management. For any successful work, management or managing is the key, whether it's a government body, organization, business. Management is about how you are handling your work. Not only for organizations, but management is also what you do at your home. It is said that 'the management is learned only from your families. Management assignment help in Australia will let you know this better Where ever there is a human effort; there is management.

According to Harold Koontz, ' management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and co-operate towards attaining group goals'.

What is business planning?

A business plan is a written document, usually by start-ups, about what their goals are and how they will be achieved. It has every business information like finance, marketing, strategies, etc. It may get updated with time because of the changes happening in the business. It Is not Important that everything goes according to the plan, but it has an important role in achieving the goal. 

Business plan assignment help will let you know everything about the business and things related to it. Before knowing what a business plan is, let us know what is business?

A business is a regular profession of people .it can be done by manufacturing or trading of products. A business name plays an important role in the business as it signifies the type of business you are into. Your business name should always be attractive and straightforward. Business can be done solo, in partnership through franchisee, etc. It is important to take care of your assets and liabilities in a business timely.

Functions of management

There are five primary functions of management which are widely used; those are as follows:

1. Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling

Koontz and O'Donnel give these five functions

1. Planning

All these functions are co-related tom each other. Planning is the basic and most important function. It is the basic function of management. It is about deciding for the future how work will be done, what is to be done. Planning is done to achieve the desired goals .planning is the key to success.

2. Organizing

After planning, you have to organize things. It is about bringing all the resources you have together- physical, financial, human resources.  Looking for the resources and assigning them work. To know what work should be given to whom. 

3. Staffing

Staffing has a vital role to play in the function of management. Staffing is about manning the organisanisation. It is about human resources. To know how much manpower you have and assigning them to work accordingly.

4. Directing

After assigning the work, it is important to supervise them. This is a function to be taken care of to achieve the desired goals of the organization. It is about directing, influencing, motivating, supervising.

5. Controlling

it is the last function of management. Controlling is about the measurement of the desired goals of the organization. Before the finalization of things, he=re you notice whether everything is perfect or not. If there are any corrections to be made, you have to see them here.you have to take all the corrective measures to make sure you achieve your desired goals.