Lesson-1 introduction, meaning and importance of management 0 Objectives

According to Henry Fayol :
Functions of management are classified into five categories.
(i)
Forecasting and Planning.
(ii)
Organising
(iii)
Commanding
(iv)
Co-ordinating and
(v)
Controlling
According to Lyndall Urwick
He classified the management functions into six categories.
(i)
Forecasting
(ii)
Planning
(iii)
Organising
(iv)
Command
(v)
Co-ordination and
(vi)
Control
According to L . Gullick :
He explained the functions of management by a keyword “ POSDCORB ”. Each letter of
the key word denotes are functions i.e.
P
for Planning
O
for Organising
S
for Staffing
D
for Directing
Co
for Co-ordinating
R
for Reporting
B
for Budgeting

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3.8
Centre for Distance Education
Acharya Nagarjuna University
1
Evaluation of Organic Management Functions
1.
Early concept b orrow ed
P lan
O rganise
C ommand
Discipline
2 .
M anagement p rocess
developed by F ayol
P lan
O rganise
C ommand
C o- O rdinate,
C ontrol
3 .
F urther M o dificatio n
P lan o rganise
Direct co ntrol
4.
M odified by B ehavioural
Influe nce
P lan
O rganise
M o tivate
C ontrol
5 .
Recent modifications
P lan
O rganise
Integrate
M easure
6 .
S uggested further
mo dification
P lan
O rganise
Achieve
Ap praise
On the basis of the classification of managerial functions made by various famous advocates and
authors, we can conclude that the following comprehensive classification of managerial functions.