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What is P's in management?

Updated: 4/28/2022
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14y ago

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There are no "P's" in Management.

You are thinking of the 4 P's of MARKETING. This is also known as the "Marketing Mix".

  1. Product
  2. Price
  3. Place
  4. Promotion



Product: You must have a good product to sell
Price: Your price must be attractive or reasonable
Place: You must have distribution or a way to get your product to the customer
Promotion: You must get the word out there about your product.



Management:

There are the 14 POINTS of W. Edward Deming in modern management theory.
..as well as the 14 Principles of Henri Fayol...

Henri Fayol also said that there were 5 Primary Functions of Management:
  1. Planning
  2. Organizing
  3. Commanding
  4. Coordinating
  5. Controlling
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