Final answer:
The five managerial functions formulated by Henri Fayol include Planning, Organizing, Commanding, Coordinating, and Controlling. These are fundamental to successful management and fall within topics typically covered in management and organizational structure studies.
Step-by-step explanation:
The question refers to the five managerial functions that managers must perform to be successful as proposed by Henri Fayol. While the question mistakenly blends concepts from functionalism with fayol's principles, Fayol actually proposed that managers perform the following functions:
- Planning: determining the best course of action for achieving objectives.
- Organizing: assembling resources and organizing work to complete activities effectively and efficiently.
- Commanding: leading employees to accomplish organizational objectives.
- Coordinating: aligning team activities and ensuring that efforts are in sync.
- Controlling: monitoring performance and implementing necessary changes.
These functions are deemed essential for managerial success and are widely taught in
management and organizational structure
courses. Managers must also attend to the human element of businesses, as described in theories like McGregor's Theory X and Theory Y, which relate to management attitudes toward employee motivation.