This article throws light upon the three categories of roles played by managers in an organisation. The categories are: 1. Interpersonal Roles 2. Informational Roles 3. Decisional Roles. Category # 1. Inter-Personal Roles: The need for these roles arises because managers constantly interact with the superiors, peers, subordinates and the outside parties. Unless a person is a role model to [...]
This article throws light upon the five basic functions performed by managers in an organisation. The functions are: 1. Planning 2. Organising 3. Staffing 4. Directing 5. Controlling. Function # 1. Planning: "Planning is selecting information and making assumptions regarding the future to formulate the activities necessary to achieve organisational objectives." — Terry and Franklin "Planning involves selecting missions and [...]
After reading this article you will learn about the environmental and functional challenges faced by managers in an organisation. Environmental Challenges: In a liberalised and globalized economy, managers face the following environmental challenges: 1. Economic environment: In the market economy of today, consumers are free to buy what they want and producers are free to produce what they want. Keeping [...]