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.

1. What are the Functions of Management?
Business

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. • Forecasting
• Planning
• Organizing
• Commanding
• Coordinating
• Controlling
What are the functions of Management?

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. 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. Can You Memorize…
What are the Functions of Management?

7. Henri Fayol considers management to consist of six
functions:
• Forecasting
• Planning
• Organizing
• Commanding
• Coordinating
• Controlling
What are the functions of Management?