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Management

A process of planning, organizing, leading, and controlling resources to achieve specific objectives.

Planning

The process of identifying objectives and corresponding activities to achieve those objectives.

Work Plan

A visual planning tool summarizing objectives, activities, responsible persons, time frames, and resources needed.

Decision Making

The process of determining available alternatives and choosing the best solution for a given problem.

Organizing

Gathering and allocating resources effectively and efficiently to carry out activities.

Efficiency

Getting the most output from the least number of inputs to minimize resource costs; "doing things right."

Effectiveness

Completing activities to attain organizational goals; "doing the right things."

Leading

Influencing, directing, coordinating, communicating, and motivating individuals to achieve objectives.

Controlling

Monitoring and evaluating activities against stated objectives, identifying gaps, and finding corrective measures.

Functions of Management

Includes planning and decision making, organizing, leading, and controlling.

Resources in Management

People, money, materials/machines, and time used to achieve objectives.

SMART Objectives

Specific, Measurable, Achievable, Relevant, and Time-bound goals for effective management.

Investment Perspective

Focuses on deriving expected economic returns from management activities or projects.

Ethical Perspective

Examines the moral implications of objectives and the fairness of achieving them.

Individual Fulfillment Perspective

Aims to satisfy employee needs and develop their full capabilities within the organization.

Mainstream Perspective

Emphasizes traditional, materialistic views of management focused on profitability and productivity.

Multistream Perspective

Advocates for a balanced view of management considering well-being for multiple stakeholders and corporate social responsibility.