Management

Management

To determine what a manager needs to to know and what skills he should posses, it is necessary to analyze the management job. What exactly. does a manager do?
One answer is that the manager organizes the resources available to him ( which include people, money, and other assets such as land and equipment for achievement of certain objectives, and usually his job includes setting the objectives as well.

One useful breakdown of the management job is that suggested by Luther Gulick back in the 1930s.  Gullick coined the word POSDCORB from the initial letters of these seven functions: Planning, Organizing, Staffing, Directing, Coordinating, Reporting, and Budgeting (The extra O is there merely to make the word pronounceable). Then later, the management functions will be identified as Planning, Organizing, Staffing, Direction, Control, Innovation, and Representation.