Management-concept,function and functional area of management

1. Management-concept
,function and functional area
of management

2. Management (or managing) is the administration of an organization, whether it is a business, a
non profit organisation or a government body. It is the art and science of managing resources .

3. Most organizations have three management levels:
• Low-level managers;
• Middle-level managers; and
• Top-level managers.
Top-level managers
The board of directors, president, vice-president, and CEO are all examples of top-level managers.
Middle-level managers
General managers, branch managers, and department managers are all examples of middle-level managers.
Low-level managers
Supervisors, section leads, and foremen are examples of low-level management titles. These managers focus on controlling and directing.

4. There are basically four primary functions of management. These are:
1. Planning
2. Organizing
3. Leading
4. Controlling
Function of Management

5. PLANNING
One main role of a manager is creating a plan to meet company goals and objectives. This involves allocating employee
resources and delegating responsibilities, as well as setting realistic timelines and standards for completion. Planning requires
those in management roles to continuously check on team progress in order to make small adjustments when necessary, while
still maintaining a clear picture of a company's larger aims and goals.

6. Organizing
Along with planning, a manager's organisational skills can help to ensure a company or departmental unit runs
smoothly. From establishing internal processes and structures to knowing which employees or teams are best
suited for specific tasks, keeping everyone and everything organised throughout daily operations are important
functions of management.

7. Leading
Managers should be comfortable and confident commanding their team members’ daily tasks as well as during periods of significant c
challenge. This involves projecting a strong sense of direction and leadership when setting goals and communicating new processes,
and services, or internal policy.

8. Controlling
performance, quality of work, and the efficiency and reliability of completed projects. Control (and quality control) in management is abou

9. Four Functional Areas of Management –
The structure of an organisation is built on the basis of its management. Here, the functions of management are divided into
separate groups, which is called as functional areas of management. So, the major areas are structured in a separate series
such as:-
1. Production Management
2. Financial Management
3. Personnel/Human Resource Management
4. Marketing Management

10. Production Management
This is the first functional areas of management and it means that,
t is also known as manufacturing management. In today’s world, goods are not only physical goods but also services. The product is the

11. Financial Management
This is the second functional areas of management and it means that,
Financial management is a process by which the company can arrange the financial policies and decisions of an
organisation.

12. This is the third functional areas of management and it means that,
ce management is a process of management by which the company helps to provide the facilities to the employees, employers, individua
Personnel / Human Resource Management-

13. This is the third functional areas of management and it means that,
Marketing management is an important functional area of organisational management responsible for the flow of goods
and services from the manufacturer to the consumers. I
Marketing Management-