Functions/Process of Management The management system is a system or process of interrelated and sequential components or function of management. The function of management have been specified and defined variously by different authors. Fayol has specified planning, organizing, commanding, coordinating and controlling as the function of management. Likewise, according to Koontz and O'donnell, planning, organizing, developing, coordinating and staffing as the functions of management. According to Linder Urbick, forecasting, planning, organizing, commanding, coordinating and controlling as the function of management. Luther Gulick has summarized the function of management as POSDCORB where P = Planning, O = Organizing, S = CO = Coordinating, R = Reporting and B = Staffing, D = Directing, Budgeting. In general, the following are the functions of management. 1. Planning Planning is the basic function of management. It is outlining the future course of action and decides in adva...
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