FUNCTIONS OF MANAGEMENT

Broadly the management function can be grouped as under, but it varies depending on the industry to a large extent.

  1. Administrative, financial and technical control.
  2. Planning strategy, recruitment and training of workers all staff.
  3. Procurement of plant, machinery, tools and tackles, raw material, spares etc.,
  4. Identification, outsourcing, sales and advertisement, packaging and delivery.
  5. Co-coordinating.

Administrative control is limit the expenditure and quantities of various items of work within the estimate. Financial control is to sanction the budget allotment and to monitor the income – expense table. Technical control is exercised on the execution of the works as per approved specification and any variation is promptly reported for necessary action. Rest of the points is self-explanatory.