The acronym POSDCORB stands for planning, organizing, staffing, directing, controlling, retaining, and budgeting. Planning is the process of setting goals and objectives. When we set goals it is important to make sure that they are timely and obtainable. As a manager or as a person in general it is not only important to set day to day goals but also weekly monthly and yearly goals. These are known as short term and long term goals. When mastering the planning process there are two main types. First there are Master plans. These are long term general plans that help you to achieve the goals that you have set for yourself. To complete Master plans you move on to what is known as operational plans. Operational plans are how you propose to accomplish the Master plans which you have set. Without both of these you will not be able to accomplish the goals which you have set. Organizing can be broken into six types of structures; they are functional, line and staff, divisional, geographic, customer, and matrix. The type of organization structure that you use depends on the particulars of the business that you are running. Another important part of the organization process is making sure that everybody understands the span of control/authority. There are to main types of decision organizational structures centralized and decentralized. In a centralized decision structure the instructions come from the main office. In a decentralized structure decisions are spread out amongst different people in the company. Staffing is a process not to be taken lightly. There are six steps involved with the staffing process forecasting, deciding KSA's, recruiting, preliminary screening, interviewing, and then selecting the most qualified candidate(s). When beginning the staffing process you want to forecast (decide how many) employees will be needed. You want to make sure to review all past information about the job that you are hiring for so that you do not over or under staff.