The primary challenge faced by organizations and managers today is to creatively solve business problems. The principles of management are guidelines using which managers can tackle business challenges.
The principles of management have been categorized into the four major functions of planning, organizing, leading, and controlling popularly known as the P-O-L-C framework.
The P-O-L-C Framework
| Planning | Defining Organization Vision & Mission Setting Goals & Objectives Strategizing Plan of Action to Achieve Goals |
| Organizing | Formulate Organizational Structure Resource Allocation Job Design |
| Leading | Leadership & Direction Motivation Coordination & Communication |
| Controlling | Process & Standards Review & Evaluation Corrective Action |
