Management explained in one abbreviation

POSDCoRB:

Planning
Organizing
Staffing
Directing
Coordinating
Reporting
Budgeting

My dad mentioned this to me about 12 years back when I first stepped into a serious management role.

Since I have seen through my various experiences, readings, etc that no matter which way it is explained, elaborated, discussed…. All there is to Management is POSDCoRB!

Ponder upon each term in this acronym as it applies to your job and life; and whether you are a manager or not… Understanding POSDCoRB will make you more effective!