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Human Resource Mnagement
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Introduction to Management and components of management. It describes the component of management
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ManagementDictionary meaning of management is “the process of dealing with or
controlling people and things”.
Management is an important element in every organization. It coordinates
current organizational activities and plans for the future.
Management is adaptation of the work environment and restructuring it to fit
the organizational needs.
Components of HRM
Planning: it is the determination of objectives and formulation of plans,
strategies, programmes, policies, procedures and standards needed to
achieve the desired organizational objectives (allocation and coordination)
Organizing: it is the process of developing a structure among people,
functions and physical facilities to execute the plans and achieve stated
objectives.
Directing: it is stimulating and motivating people in the organization to
undertake willingly the desired actions as per predetermined plans and
objectives. Motivation is an integral part of direction to assure desired results.
Controlling: it is to assure directed actions as per plans and objectives. It
incorporates the establishment of standards, measurement and comparison
of actual results against the standards, and necessary corrective actions to
remove deviations from the plan.
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