FUNCTIONS OF MANAGEMENT (POSDC):-

1- Planning: Planning is always the first function performed by every manager. It refers to decide in advance what to do, how to do, when to do, and who is going to do it.

2- Organising- After setting up of plan next function of every manager is to organise the activities and establishing an organisation structure to excute the plan.

3- Staffing- Staffing is the third step of a manager. It refers to recruiting, selecting, appointing the employees, assigning them duties and taking care of grievances of employees.

4- Directing- Directing refers to giving instructions to employees by motivating them, supervising the activities of employees, communicating with them and manager act as a leader to guide them to right direction.

5- Controlling- This is the last function of managers. Controlling function refer to all the performance measurements and follow up actions that keep the actual performance on the path of plan.

Business responsibilities towards society and business ethics