Planning It is one of the fundamental functions of management, dealing with charting out a future course of action and deciding in advance the most suitable actions for the achievement of pre-determined goals.
The objectives of planning are many and various. These aims are not the same for all organisations, nor they are the same for the same organisation at all times.
Delegation of authority means giving authority to another person, to perform a particular task. Delegation is a process of sharing work and authority between a manager and subordinates.
The scope of management is not only limited to the implementation or formulation of policies, but the use of physical and human resources also comes under management.
The levels of management in the chain of command determine the amount of authority and status enjoyed by any managerial position.
Essential features of management involve goal-setting, decision-making, planning, teamwork, organizing, teamwork and controlling.