Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.1 Consider what each of these functions entails, as well as how each may look in action.
The 5 M's are: 1. Humanpower The heart of Kaizen is respect for people. It is the responsibility of managers to engage employees in continuous improvement. They must constantly seek feedback and create opportunities for thoughtful changes to process standards. Routine decisions are repetitive in nature and have a short-term impact, mainly concerning day-to-day operations. They are typically made at lower levels of management, using established procedures to ensure quick and efficient handling. For example, a supervisor may make routine decisions regarding employee overtime pay. sfIpr.