POSDC In Business Management

  POSDC In Business Management Management is the process of directing people to achieve organizational goals. It involves setting objectives, assigning responsibilities, monitoring progress toward those objectives, and evaluating results. Managers are responsible for developing plans, policies, procedures, and systems that will help their organizations function effectively. They are also responsible for deciding how best to allocate scarce re sources among competing demands. deciding how best to allocate scarce resources among competing demands. A manager has many important duties in POSDC in Business Management. POSDC MODEL: Planning   - Identify the problem or opportunity, set a goal, develop a strategy, create a plan, evaluate its effectiveness, determine the following action, control costs, monitor progress, make adjustments as necessary. It is the process of deciding in advance, what to do, when to do, how to do it (process) , and who should do it (responsibilities). This...