Management – The P-O-L-C Framework

 

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