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Q: What refers to the act of planning directing organizing and controlling resources to fulfill predefined objectives?
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What is POSDICON?

Planning Organizing Staffing Directing Controlling. POSDICON. :)


What are the basic managerial task of an entrepreneur?

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What is the four basic of managerial tasks of an entrepreneur?

planning,organizing,directing and controlling


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Planning Organizing Staffing Directing Controlling


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Planning Organizing Leading/Directing Controlling


What does management does?

management is a process which involves process of planning,organizing ,directing and controlling the organization resources in order to achieve the organizations goals.


Briefly describe the four management processes?

The four management processes are:1) Planning- It is the base of the management process. Planning involves setting aims and objectives that are to be achieved by the company in later years.2) Organizing- It involves organizing companies resources in order to implement on the objectives set in the planning stage. 3) Directing- It involves directing the human resource to achieve the companies goals.4) Controlling- It involves establishing performance standards on which the actual job performance of employees is evaluated.


Management is what management does?

management is a process which involves process of planning,organizing ,directing and controlling the organization resources in order to achieve the organizations goals.


Why do business's need to set aims and objectives?

Businesses need to set aims and objectives because without aims and objectives there is no meaning to the business. Aims and objectives give meaning to success of planning, directing, staffing, organizations and controlling.


Distinguish between leader and management?

Leadership is directing, influencing, motivating, guiding the subordinates to perform for a common goal. Management is planning , organizing, staffing, directing and controlling the whole organization to bring efficiency, effectiveness and economy in business.


Is coordination a separate function of management?

No. Many experts identify the functions of management as Planning, Organizing, Staffing, Directing, and Controlling. Coordination could be a part of each fuction.


Define managerial functions?

It is the functions which describe a managerial job and when put together, make up the management process. This process includes planning, organizing, staffing, directing and controlling.