Notes from Wikiquote
POSDCORB is, of course, a made-up word designed to call attention to the various functional elements of the work of a chief executive because "administration" and "management" have lost all specific content. POSDCORB is made up of the initials and stands for the following activities | Planning, that is working out in broad outline the things that need to be done and the methods for doing them to accomplish the purpose set for the enterprise | Organizing, that is the establishment of the formal structure of authority through which work subdivisions are arranged, defined and co-ordinated for the defined objective | Staffing, that is the whole personnel function of bringing in and training the staff and maintaining favorable conditions of work | Directing, that is the continuous task of making decisions and embodying them in specific and general orders and instructions and serving as the leader of the enterprise | Co-ordinating, that is the all important duty of interrelating the various parts of the work | Reporting, that is keeping those to whom the executive is responsible informed as to what is going on, which thus includes keeping himself and his subordinates informed through records, research and inspection | Budgeting, with all that goes with budgeting in the form of fiscal planning, accounting and control. | p. 13 ; Cited in Daniel A. Wren & Arthur G. Bedeian (2009). The evolution of management thought. p. 361-2