Topic: The POLC Model Applied In this discussion, you will review Henri Fayol's revised management theory (POLC) and apply it to the management of the company where you work or to your ideal business. In addition, you will read about management functions and planning on page 175 of Chapter 6. Read about the POLC model based on Henri Fayol's theories. Whether you are a manager or a potential future manager, or an employee within an organization, you will benefit from better understanding and becoming competent in the four functions of management. Respond to the following: How does your company apply the four functions of management (planning, organizing, leading, and controlling)? What evidence do you have that the company does planning and organizing? What evidence is there that executives lead the organization? How does management control behavior and results in the organization? Discussion background reading: Henri Fayol originally pioneered management theory at the turn of the last century. He identified 5 functions of Management: Planning, Organizing, Commanding, Coordinating, and Controlling which Bateman and Snell in their text Management: Leading & Collaborating in the Competitive World, revised to 4 functions: Planning, Organizing Leading and Controlling (Bates & Snell, 2009). Fayol was an engineer in France and along with delineating these management functions, he also developed 14 principles of management. Bisoux (2004) states that Fayol thought these principles should be applied with flexibility (as cited in Bates & Snell 2009, p.44). As we will use these functions as originally developed by Fayol and revised by Bates and Snell, we will look at these concepts using the acronym: The POLC Model: Planning: Determine goals: Make sure all stakeholders are considered and make the process dynamic providing strategic value considering the external environment Organizing: This involves coordinating all the resources (Human Resources as well as corporate structure and chain of command), internal and external, to achieve the organizations' goals. Leading: Motivating others on a daily basis to achieve their goals and company goals as well as motivating them towards strategic vision of the future of the company. Controlling: This function allows for management of resources and monitoring by means of policies and procedures as well as quality control, financial management, and audits