Conditions of Decision Making Decision-making is the process of selecting the best option (decision) from the available alternatives. In management, decision-making is mainly influenced by three conditions – certainty, risk, and uncertainty. Here, we will discuss the 3 most common conditions of decision making in management. Certainty Condition Description: Certainty condition occurs when managers have … Read more
Methods of Planning Planning is the process of deciding in advance what and how is to be done to achieve desired goals in the future. Planning includes various methods to set and execute the plans. Here are the four main methods of planning in management. Top-Down Method Imagine a company as a towering skyscraper. The … Read more
Functions of Organizational Goals Organizational goals are the attainable objectives companies aim to achieve within a specific time. The following are the 10 major functions of organizational goals in business. Basis of Organizing Organizational goals serve as the foundation for the organizing function of management. By defining the desired outcomes and priorities, goals provide a … Read more
Steps in Controlling Process Controlling is a critical management function that involves monitoring, evaluating, and regulating organizational activities to ensure they align with established plans and standards. This process consists of several interconnected steps. Here we will explore the 5 key steps of controlling process: Establishment of Standards The first step in controlling process is … Read more
What is Controlling? The controlling function of management includes verifying adherence to plans, instructions, and established principles, and ensuring efficient resource utilization to achieve goals. It involves measuring deviations from standards, identifying causes, and implementing corrective actions. Controlling is integral to organizational success, serving as an end function post-task completion. It operates at all management … Read more
Principles of Directing Directing is a crucial management function that initiates the action. Here are the eight key principles of directing function of management. Alignment of Objectives Alignment of objectives is the first principle of directing. Think of your organization as a team setting out on a journey. Just like everyone in a team needs … Read more
What is Directing? Directing in management is the pivotal function of guiding, motivating, and leading employees toward achieving organizational objectives. It involves providing clear instructions, offering support, and fostering a positive work environment to inspire and oversee the workforce. This managerial role ensures that plans are put into action effectively and translates strategies into practical … Read more
Steps in Staffing Process Staffing is a management function that involves placing the right people into the right jobs. Below are the eight key steps in staffing process: Manpower Planning The first step in staffing is manpower planning. It is like creating a roadmap for hiring. It involves figuring out how many people the company … Read more