what are the functions of management

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t are the Functions of Management? Business

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Page 1: What are the Functions of Management

What are the Functions of Management?

Business

Page 2: What are the Functions of Management

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

What are the functions of Management?

Henri Fayol

Page 3: What are the Functions of Management

• Forecasting• Planning• Organizing• Commandin

g• Coordinating• Controlling

What are the functions of Management?

Page 4: 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?

Page 5: 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?

Page 6: What are the Functions of Management

Can You Memorize…

What are the Functions of Management?

Page 7: 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?

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