Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

What are the Functions of Management

164 views

Published on

Management Functions:
Henri Fayol (1841–1925) was one of the most influential contributors to modern concepts of management.

Henri Fayol considers management to consist of six core functions:
1. Forecasting
2. Planning
3. Organizing
4. Commanding
5. Coordinating, and
6. Controlling
These functions separate the management process from other business functions such as marketing, accounting, and finance.

What Managers Do?
Managers must do five basic functions – planning, organizing, staffing, directing, and controlling.

Managers must plan, or narrow goals from their broadest to most intricate form. They must organize and create a structure for daily tasks and communication.

According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”. Whereas Luther Gullick has given a keyword ’POSDCORB’ where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Budgeting. But the most widely accepted are functions of management given by KOONTZ and O’DONNEL i.e. Planning, Organizing, Staffing, Directing and Controlling.

Published in: Business
  • Be the first to comment

What are the Functions of Management

  1. 1. What are the Functions of Management? Business
  2. 2. Henri Fayol (1841–1925) was one of the most influential contributors to modern concepts of management. What are the functions of Management? Henri Fayol
  3. 3. • Forecasting • Planning • Organizing • Commanding • Coordinating • Controlling What are the functions of Management?
  4. 4. These functions separate the management process from other business functions such as marketing, accounting and finance. Managers have five basic functions - planning, organizing, staffing, directing, and controlling. Managers must plan, or narrow goals from their broadest to most intricate form. They must organize and create a structure for daily tasks and communication. What are the functions of Management?
  5. 5. According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”. Whereas Luther Gullick has given a keyword ’POSDCORB’ where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Budgeting. But the most widely accepted are functions of management given by KOONTZ and O’DONNEL i.e. Planning, Organizing, Staffing, Directing and Controlling. What are the functions of Management?
  6. 6. Can You Memorize… What are the Functions of Management?
  7. 7. Henri Fayol considers management to consist of six functions: • Forecasting • Planning • Organizing • Commanding • Coordinating • Controlling What are the functions of Management?

×