Question

Henry Fayol famously summarized management functions as:

• A. Decision-making, leading, motivating, staffing
• B. To forecast and plan, to organize, to command , to co-ordinate and to control
• C. Staffing, training, evaluating, compensating
• D. Researching, developing, marketing, selling

Answer 1

Answer:

B. To forecast and plan, to organize, to command , to co-ordinate and to control

Henry Fayol famously summarized the five key functions of management as:

1. To forecast and plan: Looking ahead and creating a plan of action.

2. To organize: Building a structure and arranging resources.

3. To command (or direct): Guiding and leading subordinates.

4. To coordinate: Harmonizing all activities and efforts.

5. To control: Ensuring conformity with rules and instructions.