What are the five functions of management according to Henri Fayol?

Henri Fayol, a pioneer in management theory, proposed five core functions that are essential for effective management. The correct answer identifies these five functions as planning, organizing, commanding, coordinating, and controlling.

Planning involves setting objectives and determining a course of action for achieving those objectives. It is about forecasting the future and preparing in advance. Organizing entails arranging resources and tasks in a structured manner to execute the plan effectively. Commanding, often interpreted as leading or directing, involves guiding and motivating employees to work towards organizational goals.

Coordinating ensures that all parts of the organization work together harmoniously; it's about aligning activities to avoid duplication and confusion. Finally, controlling refers to monitoring and evaluating processes to ensure that the organization's goals are being met and making adjustments as necessary.

Fayol's framework is foundational in understanding management functions and remains relevant in modern management practices, highlighting the comprehensive approach required for effective administration in organizations.