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DEFINITION: The art of using organization resources effectively and efficiently to achieve the organizational goals by planning, organizing, leading and controlling / staffing is also considered to be the part of the principles.( P -O-L-C). P-O-L-C is also called as the frame work of the principles of management. MANAGEMENT: The art of getting things done through the efforts of other people . Henry Fayol a French management theorist who developed the concept and idea of (P-O-L-C) which is considered to be the dominant management framework in the world ,even after the undergoing the important changes done to the content .
Contents of Management:
Fayol's definition of management roles and actions distinguishes between Five Elements:
1. 2. 3. 4. 5. Prevoyance. (Forecast & Plan). Examining the future and drawing up a plan of action. The elements of strategy. To organize. Build up the structure, both material and human, of the undertaking. To command. Maintain the activity among the personnel. To coordinate. Binding together, unifying and harmonizing all activity and effort. To control. Seeing that everything occurs in conformity with established rule and expressed command.
http://www.flatworldknowledge.com/pub/1.0/principles-management/28987#web-29085