Management

Management is the process of creating and maintaining an environment where people work in groups to
successfully achieve goals that have been established.
functions of management.
According to George & Jerry, “There are four Basic functions of management i.e. planning, organizing,
actuating and controlling”.
According to Henry Fayol, “ plan, to organize, to command, & to control”
Luther Gullick introduced a keyword known as ’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.
Planning:
planning is a process of Making decisions on the business's goals and creating methods to achieve them. It
includes to identifying what to do, how to do, when to do etc. Planning is the basic function of management
and that includes the process of determining objectives, identifying alternative courses of action for
achieving objectives