The Term Management and The Functional Process

When the term management is mentioned, the obvious reference is to the private sector. However, the public sector now shows considerable interest in the term management
and it's fast abandoning the word administration and substituting same with management .
Management is therefore the process of designing and maintaining an environment in which individuals working together in groups efficiently accomplish selected aims. While, administration is a process of utilizing available material resources for adequate achievement of the cooperate objectives of that organisation.
Management can simply be defined as the organisation and mobilization of all human and material resources ( man power, finance, assets, land, equipments… ) in a particular system for the achievement of identified objectives in the system.

Functional Analysis of Management

Planning: is decision in advance of what is to be done. It is the determination of action to achieve a desired result. Planning involves problem solving  and decision making.
Organizing: This is the creation of structures and duties or roles for the attainment of objectives. In other words, Organisation is the grouping of activities that are necessary to carry out administrative plans.
Directing:  This involves four elements namely leadership, communication, motivation and supervision. Managers should therefore think about how individuals could add value to the enterprise and how they could be guided to act their roles perform their duties responsibly.
Co-ordination:  This is all about harmonizing every functional groups and operational arms of an organisation through resourceful and productive means.
Reporting: Communication is highly desirable so as to give necessary guidance . Information must not be ambiguous and must be practicable.
Budgeting: This involves making financial provisions and arrangements. This could be sales, assets, operational.. etc.
Decision Making: This is a vital part of management process. It is the end process preceded by deliberation and reasoning. It may relate to the means to an end. Decision making involves; Perception, Conception, Investigation, Deliberation, Selection and Promulgation...