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:
5. Coordinating, and
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.