Final answer:
The five basic elements of management under the administrative principles approach are Planning, Organizing, Commanding, Coordinating, and Controlling, which are essential for effective management.
Step-by-step explanation:
The administrative principles approach to management identifies five basic elements that are considered essential for effective management. These elements are often associated with the work of Henri Fayol, a pioneer in management theory. They are:
- Planning: It involves setting goals and outlining the steps needed to achieve them.
- Organizing: This is the process of arranging resources and tasks to achieve the objectives.
- Commanding (or Leading): It refers to directing and leading employees to accomplish the organization's goals.
- Coordinating: This requires aligning and harmonizing all the activities and efforts of the organization.
- Controlling: It involves monitoring performance and making adjustments as necessary to meet objectives.
These five elements work together to facilitate the smooth functioning and management of an organization.