: Focuses on efficiency and the "one best way" to do a job (e.g., Scientific Management).

The entire process is aimed directly at completing the organization's predetermined objectives. The 4 Functions of Management (POLC)

: Monitoring progress toward goal achievement and making necessary corrections to ensure the plan stays on track. 2. Key Managerial Skills According to Stoner, effective management is both a (systematic knowledge) and an (human application). Managers must develop: Technical Skills : Proficiency in specific tasks or tools. Human Skills

(often co-authored with Freeman and Gilbert), you can find study materials and summaries on academic repositories like Pondicherry University . The Four Functions of Management

: Setting organizational goals and developing strategies to achieve them. This involves anticipating future trends and making decisions today to navigate tomorrow.