PODC : Plan, Organize, Direct, Control

Managers plan, organize, direct, and control resources to achieve specific goals.

• In planning, they set goals and determine the best way to achieve them.
• Organizing means allocating resources (people, equipment, and money) to carry out the company’s plans.
• Directing is the process of providing focus for employees and motivating them to achieve organizational goals.
• Controlling involves comparing actual to expected performance and taking corrective action when necessary.

Source : http://2012books.lardbucket.org/books/exploring-business-v2.0/section_10_01.html