What is POSDCORB?full form of POSDCORB,Tm by Er.Rajkapoor -citseducation

 

What is POSDCORB?,full form of POSDCORB

POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting which was first coined in a paper on administrative management that was written for the Brownlow Committee by Luther Gulick and Lyndall  Ur wick.

 POSDCORB can be used as a systematic framework for efficiently executing business processes in a company or by an individual

if you are want to understand this topic in depth Hindi  please  watch this video 

Full form of POSDCORB 

1. Planning

2. Organizing

3. Staffing

4. Directing

5. Coordinating

6. Reporting

7. Budgeting

1. Planning: This essentially refers to establishing a broad sketch of the work to be completed and the procedures incorporated to implement them.

2. Organizing: Organizing involves formally classifying, defining and synchronizing the various sub-processes or subdivisions of the work to be done.

3. Staffing: This involves recruiting and selecting the right candidates for the job and facilitating their orientation and training while maintaining a favorable work environment.

4. Directing:  This entails decision making and delegating structured instructions and orders to execute them.

5. Coordinating: This basically refers to orchestrating and interlinking the various components of the work.

6. Reporting: Reporting involves regularly updating the superior about the progress or the work related activities. The information dissemination can be through records or inspection.

7. Budgeting: Budgeting involves all the activities that under Auditing, Accounting, Fiscal Planning and Control.

Role of POSDCORB

Every business needs to have systematic framework in ensuring there is maximum output, minimum wastage and higher margins. POSDCORB is one such method in management where workforce and employees can be managed in a way which would be beneficial for a company. This concept helps organizations to break down the work into multiple processes and help in getting maximum value out to each employee. These steps and stages of POSDCORB help the HR team to deliver to the needs of a company

if you are want to understand this topic in depth Hindi  please watch this video 

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Thanks for reading 

regards

Er. Rajkapoor