5.
Functions of Management
Introduction
Management is
not a singular or isolated task—it is a comprehensive, multi-dimensional,
and dynamic process. At its core, management involves making decisions,
allocating resources, and guiding people to achieve desired objectives. These
tasks are not performed in isolation but are carried out in a systematic and
interrelated manner.
To simplify and explain the essential components of the management process, renowned management expert Luther Gulick coined the term POSDCORB—an acronym that captures the seven core functions of management. These are:

