POSDCORB

POSDCORB is a framework used to describe the key functions of effective management and organizational leadership. It stands for Planning (setting goals and determining actions), Organizing (arranging resources and tasks), Staffing (hiring and training personnel), Directing (guiding and motivating team members), Co-ordinating (ensuring activities align), Reporting (tracking progress and sharing information), and Budgeting (allocating financial resources). Together, these elements help managers effectively run organizations by covering all essential aspects from initial planning to financial management.