MONEY MATTERS

The work done in any place, -a Legislative Assembly or the parliament, or a business establishment, or a household requires proper planning, organisation, direction, co-ordination and control. By planning well, the work can be done in a systematic manner. Organising helps to mobilise the necessary resources and gives responsibilities to individuals. Direction helps to supervise and motivate people at work. Co ordination helps to link the various activities performed and Control helps us to know whether the work has been successfully done and the objective of the work has been fully achieved.

The main functions of management are to plan, organise, direct, co-ordinate and control. Management is an art of getting things done by others. It is not possible for any individual to do all the work by himself, the work is always shared with others. For example, in a bank there are different individuals to look after the various departments, like cash, savings bank account, fixed deposit, current account, and recurring deposit account and so on. The overall control lies with the Bank Manager. The manager assigns the work to them and gets the work done. The work is assigned to many people at a work place and the responsibilities are fixed on them. A successful manager knows how to get the work done by his subordinates. A manager who is not able to make his subordinates work cannot be a successful manager.

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