what are the functions of management

What are the Functions of Management?

Business

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

What are the functions of Management?

Henri Fayol

• Forecasting• Planning• Organizing• Commandin

g• Coordinating• Controlling

What are the functions of Management?

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?

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?

Can You Memorize…

What are the Functions of Management?

Henri Fayol considers management to consist of six functions:• Forecasting• Planning• Organizing• Commanding• Coordinating• Controlling

What are the functions of Management?