01 Explain the functions of management as per Fayol in business organisation [8]
Possible Points:
> Planning: This involves setting goals and determining the best way to achieve them
> Organizing: Arranging resources, such as people, materials, and equipment
> Commanding: leading and directing employees in a way that motivates them to work
> Coordinating: Ensuring that different parts of the organization work together
> Controlling: Supervising/monitoring the progress of tasks
01 Explain the functions of management as per Fayol in business organisation [8]
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Sir Afzal Shad
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Fatima ibtehaj
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Re: 01 Explain the functions of management as per Fayol in business organisation [8]
[KN]Planning as a function of management involves setting objectives in order to achieve a goal or target and determining the best possible way to achieve it.
[APP] For example in a clothing business they may set an objective of introducing new products like sweaters, jackets for winter in order to gain a larger consumer base in the future.
[AN]This can help a business to gain a competitive advantage by planning beforehand which can result in chraging higher prices which will help to give a premiality element hence this will help to increase their brand awareness more resulting in a better brand image.
[AN+]In the long run, this will help to increase sales revenue and help the business gain a larger customer base.
[KN]Coordinating as a function of management involves employees working together to achieve the same goal.
[APP]For example in a business the finance department and the marketing department work together to launch a product i.e the finance department will provide funds and the marketing department will give ideas for how to advertise the product
[AN]This can help to increase level of trust between departments resulting in better team work and minimizing chances of fights and conflicts which will hence result in a positive working environment for eveyone, reducing employee turnover.
[AN+]Furthermore this will help to increase the businesses reputation in the long run resulting in a larger customer base.
[APP] For example in a clothing business they may set an objective of introducing new products like sweaters, jackets for winter in order to gain a larger consumer base in the future.
[AN]This can help a business to gain a competitive advantage by planning beforehand which can result in chraging higher prices which will help to give a premiality element hence this will help to increase their brand awareness more resulting in a better brand image.
[AN+]In the long run, this will help to increase sales revenue and help the business gain a larger customer base.
[KN]Coordinating as a function of management involves employees working together to achieve the same goal.
[APP]For example in a business the finance department and the marketing department work together to launch a product i.e the finance department will provide funds and the marketing department will give ideas for how to advertise the product
[AN]This can help to increase level of trust between departments resulting in better team work and minimizing chances of fights and conflicts which will hence result in a positive working environment for eveyone, reducing employee turnover.
[AN+]Furthermore this will help to increase the businesses reputation in the long run resulting in a larger customer base.
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Shaliza khawaja
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Re: 01 Explain the functions of management as per Fayol in business organisation [8]
planning is when managers set objectives for the business and decide what they need to do to achieve them
for example a business might want to expand its business, but what strategy they pick like launching a new product would be a strategy to expand .
when employees know what the objective is, it reduces uncertinaty ad increases efficiency as employees know the target and can be ready for the challenges, which then leads to improved coordination as they all work towards one target, hence ensuring smoothing running of a business, and less mistakes in the work as tasks are already to clear to them, which then leads to higher productivity levels.
Controlling is when managers monitor the performance of a project and take corrective action if results are not as expected.
For example, if 400 products are planned to be produced but only 300 are made due to employees making faulty products, managers would ensure the problem is solved.
One solution could be sending employees on a training and development program to improve their skills. This not only ensures higher product quality but also encourages innovation, meaning employees can develop new ideas, designs, or improved ways of working, allowing the business to create more varied or unique products for customers. These innovative products can be sold at higher prices, generating higher revenue, which the business could then reinvest in new machines or technology to increase production speed and efficiency.
for example a business might want to expand its business, but what strategy they pick like launching a new product would be a strategy to expand .
when employees know what the objective is, it reduces uncertinaty ad increases efficiency as employees know the target and can be ready for the challenges, which then leads to improved coordination as they all work towards one target, hence ensuring smoothing running of a business, and less mistakes in the work as tasks are already to clear to them, which then leads to higher productivity levels.
Controlling is when managers monitor the performance of a project and take corrective action if results are not as expected.
For example, if 400 products are planned to be produced but only 300 are made due to employees making faulty products, managers would ensure the problem is solved.
One solution could be sending employees on a training and development program to improve their skills. This not only ensures higher product quality but also encourages innovation, meaning employees can develop new ideas, designs, or improved ways of working, allowing the business to create more varied or unique products for customers. These innovative products can be sold at higher prices, generating higher revenue, which the business could then reinvest in new machines or technology to increase production speed and efficiency.
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shamaim shakeel
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Re: 01 Explain the functions of management as per Fayol in business organisation [8]
KN: According to Fayol, planning means setting goals for the business and deciding the best way to achieve them. It is like creating a clear roadmap before the business takes action .
APP: For example, Apple managers plan ahead before launching a new iPhone by deciding the target market, expected features, and estimated launch date.
AN: This is important because planning helps a business avoid confusion and ensures everyone knows what the business is trying to achieve.
AN+: In the long run, good planning reduces mistakes, helps the business respond quickly to competitors, and keeps the organisation moving in the same direction.
KN: Organising means arranging people, resources, and tasks in a structured way so that the business can meet its plans efficiently. Managers make sure every role and responsibility is clearly assigned .
APP: For example, McDonald’s managers organise their staff into cooks, cashiers, supervisors, and cleaning staff to make sure every restaurant works smoothly.
AN: This matters because organising helps the business avoid overlap, reduces delays, and makes sure all employees know exactly what they need to do.
AN+: Over time, strong organising improves productivity, maintains consistency in performance, and helps the business deliver reliable results even if it grows larger.
APP: For example, Apple managers plan ahead before launching a new iPhone by deciding the target market, expected features, and estimated launch date.
AN: This is important because planning helps a business avoid confusion and ensures everyone knows what the business is trying to achieve.
AN+: In the long run, good planning reduces mistakes, helps the business respond quickly to competitors, and keeps the organisation moving in the same direction.
KN: Organising means arranging people, resources, and tasks in a structured way so that the business can meet its plans efficiently. Managers make sure every role and responsibility is clearly assigned .
APP: For example, McDonald’s managers organise their staff into cooks, cashiers, supervisors, and cleaning staff to make sure every restaurant works smoothly.
AN: This matters because organising helps the business avoid overlap, reduces delays, and makes sure all employees know exactly what they need to do.
AN+: Over time, strong organising improves productivity, maintains consistency in performance, and helps the business deliver reliable results even if it grows larger.
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Mamoona Hussain
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Re: 01 Explain the functions of management as per Fayol in business organisation [8]
KN1: One of the function as per Fayol is planning which means setting objectives and determining the best possible way to achieve them.
APP: For instance, a toy factory setting the goal of increasing sales by 20% and then strategizing all the steps to be taken to achieve that goal is called planning.
AN: Due to this, everyone in the organization will have a clear sense of direction which will reduce confusion among employees and increase efficiency as everyone will know their role in achieving the objective. This reduces the wastage and the extra costs of wastages beared by the business.
An+: Through this they may also be able to offer lower prices to the final customers to some extent as the cost of production will decrease too.
KN2: Another role identified by Fayol is the controlling function, where managers supervise and compare the performance of the employees against the planned outputs. Then they take necessary measures to improve it accordingly.
APP: For example, of some of the employees are performing very well in the toy factory then the manager would appraise them or give them a bonus but if some employees are underperforming then the manager would warn them or dismiss them.
AN: Die to this, the hard workers will be motivated and they will continue performing which increases productivity and also the quality of the toys produced. This helps the business achieve customer satisfaction which enables the business to achieve it's objectives of higher sales.
AN+: Premium quality toys may also enable the factory to charge higher prices for the toys which increases revenue, profits and chances of growth.
APP: For instance, a toy factory setting the goal of increasing sales by 20% and then strategizing all the steps to be taken to achieve that goal is called planning.
AN: Due to this, everyone in the organization will have a clear sense of direction which will reduce confusion among employees and increase efficiency as everyone will know their role in achieving the objective. This reduces the wastage and the extra costs of wastages beared by the business.
An+: Through this they may also be able to offer lower prices to the final customers to some extent as the cost of production will decrease too.
KN2: Another role identified by Fayol is the controlling function, where managers supervise and compare the performance of the employees against the planned outputs. Then they take necessary measures to improve it accordingly.
APP: For example, of some of the employees are performing very well in the toy factory then the manager would appraise them or give them a bonus but if some employees are underperforming then the manager would warn them or dismiss them.
AN: Die to this, the hard workers will be motivated and they will continue performing which increases productivity and also the quality of the toys produced. This helps the business achieve customer satisfaction which enables the business to achieve it's objectives of higher sales.
AN+: Premium quality toys may also enable the factory to charge higher prices for the toys which increases revenue, profits and chances of growth.
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masabtahir
- Enterprise Emperor
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Re: 01 Explain the functions of management as per Fayol in business organisation [8]
kn] fayol functions of management includes planning in organisation for business betterment
ap] for e.g. managers make strategies in business considering the future impacts a business can bear
an] this will increase management of business in future and business would be facing less issues as cotigency planning would be used by predicting future problems
an+] this will improve business productivity as no mismanagement will be get
kn] controlling the organization employes productivity and give them tasks to perform.
ap] for e.g. managers in a organization gives task for a sale to achieve to the employes in a certain time
an] this will increase efficiency in business sales and achieving objective at time will make the business increase its productivity and sales of business
an+] this will increase motivation in employes as a person is controlling and guiding them this will improve business succes in future
ap] for e.g. managers make strategies in business considering the future impacts a business can bear
an] this will increase management of business in future and business would be facing less issues as cotigency planning would be used by predicting future problems
an+] this will improve business productivity as no mismanagement will be get
kn] controlling the organization employes productivity and give them tasks to perform.
ap] for e.g. managers in a organization gives task for a sale to achieve to the employes in a certain time
an] this will increase efficiency in business sales and achieving objective at time will make the business increase its productivity and sales of business
an+] this will increase motivation in employes as a person is controlling and guiding them this will improve business succes in future
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sikander ali
- Wealth Wizard
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Re: 01 Explain the functions of management as per Fayol in business organisation [8]
[KN] planning is setting different objectives and then figuring out how to conduct them properly.
[APP]for instance a clothing brand plans to increase sales by 15% they might go for increasing the promotional techniques such as discounts and offers and in planning they would also set the buget for marketing etc.
[AN] thus this would help them in staying focused due to which it will reduce uncertainty or confusion and would also improve in coordination as everyone knows how to achieve certain objectives in their situated departments.
[AN+]furthermore this would also decision making since managers compare different options before deciding the best path.
[KN] coordinating is ensuring that all departments, teams, and employees work together smoothly towards the same objectives.
[APP] for instance a clothing store, the designing departments And the stitching department coordinate with each other to create an outfit they have regular meetings and share or update the progress made for the new launch
[AN] what does this leads to less confusion has everyone knows their role which prevents delays as coordination ensures that one departments delay does it affect the others keeping the business on schedule furthermore which enhances teamwork ask employee communicate better.
[AN+] moreover it improves customer satisfaction because the products and services are delivered on time as well as boost resource efficiency as less wastage.
[APP]for instance a clothing brand plans to increase sales by 15% they might go for increasing the promotional techniques such as discounts and offers and in planning they would also set the buget for marketing etc.
[AN] thus this would help them in staying focused due to which it will reduce uncertainty or confusion and would also improve in coordination as everyone knows how to achieve certain objectives in their situated departments.
[AN+]furthermore this would also decision making since managers compare different options before deciding the best path.
[KN] coordinating is ensuring that all departments, teams, and employees work together smoothly towards the same objectives.
[APP] for instance a clothing store, the designing departments And the stitching department coordinate with each other to create an outfit they have regular meetings and share or update the progress made for the new launch
[AN] what does this leads to less confusion has everyone knows their role which prevents delays as coordination ensures that one departments delay does it affect the others keeping the business on schedule furthermore which enhances teamwork ask employee communicate better.
[AN+] moreover it improves customer satisfaction because the products and services are delivered on time as well as boost resource efficiency as less wastage.