Introduction to Management: Right Work, Done Well

These flashcards cover critical vocabulary and concepts from the lecture notes on management, focusing on the core elements of effective management and its practical applications.

Management

The process of planning, organizing, leading, and controlling an organization's resources to achieve specific goals.

Right Work

The identification of tasks and responsibilities that managers must accomplish.

Done Well

The effective and efficient execution of the right work by managers and their teams.

Elements of Management

Core components such as planning, organizing, leading, and controlling that constitute managerial activities.

Management Levels

The hierarchical structure in organizations, including top management, mid-level management, and junior or operational management.

Vision and Mission Statements

Declarative statements that outline a company's purpose, values, and direction.

Core Values

Fundamental beliefs that guide an organization’s actions and behavior.

Profitability

The ability of a business to generate income that exceeds its expenses.

Employee Engagement

The emotional commitment an employee has to their organization, leading to improved performance.

Performance Management

The process of ensuring that an organization's activities and outputs meet its goals effectively and efficiently.

Human Resources Management

Activities related to hiring, training, developing, and compensating employees.

Decision-Making Skills

The ability to make informed and effective choices in an organizational context.

Limitations of Management Theory

The challenges in applying theoretical frameworks due to the variability and complexity of real-world management situations.

Practitioner Contributions

Insights and best practices derived from the experiences of those working in the field of management.

Applying Management Theory

The practical use of theoretical concepts in real-world management situations to enhance understanding and effectiveness.