The Eight Managerial Functions

Paper Summary:

This paper elaborates on the managerial activities and behavioral descriptors that management researchers have identified as being indispensable. The author believes that planning, the process of determining the objectives and designing the strategies to achieve those objectives, is the most fundamental of all managerial functions. The paper concludes that timely availability of data holds the key for effective management, and the present advancements in information technology have made it possible for managers to make well-calculated and well-informed business decisions.

Table of Contents
Introduction
Planning / Coordinating
Organizing
Staffing
Communicating
Motivating
Leading
Controlling
Conclusion

From the Paper:

"Today's organizations are faced with enormous challenges, and effective management plays the key role in ensuring the stability and the success of the business. Managers today are facing a lot of problems with the information explosion and the associated restructuring of the business in an increasingly global competition. The rapid advancements in communication technology also have had a serious impact on the mode of business operations. Today, we are witnessing the emergence of new business models, and managers are increasingly disenchanted with the traditional approach of organizational design and management."

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