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Management of a modern business enterprise is a complex process. It is very difficult to understand the real nature of this process without studying its various functions. It the process of managing, a discussed performs various for the achievement of objectives. Many scholars have discussed the functions of Management.But there is no universally accepted classification of managerial functions.
Luther Gulik coined the acronym 'PODSCORB' to describe the functions of Management. This word is made up of the initials of following functions.
⏩ P= Planning : determine objectives in advance & choose methods to achieve them;
⏩ O= Organizing : establish a structure of authority for all work;
⏩ D= Directing : make decisions, issue orders ;
⏩ S= Staffing : recruit, hire & train workers ;
⏩ Co= Coordination : interrelate all sectors of the Organization ;
⏩ R= Reporting : Report to the top management ;
⏩ B= Budgeting : An estimate of future needs ;
Generally, we can divide the management functions into :
Topic : Functions of Management 👇
Luther Gulik coined the acronym 'PODSCORB' to describe the functions of Management. This word is made up of the initials of following functions.
⏩ O= Organizing : establish a structure of authority for all work;
⏩ D= Directing : make decisions, issue orders ;
⏩ S= Staffing : recruit, hire & train workers ;
⏩ Co= Coordination : interrelate all sectors of the Organization ;
⏩ R= Reporting : Report to the top management ;
⏩ B= Budgeting : An estimate of future needs ;
Generally, we can divide the management functions into :
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