test 3 study guide part 1

Management

the coordination, administration, and control of an organization's resources, people, and activities to achieve shared goals efficiently and effectively.

Planning

Setting goals, creating strategies, and mapping out the steps needed to reach objectives.

Mission statement

a short, clear declaration that explains why an organization or individual exists, what they do, and who they serve

Goals

a planned future result that a person or group wants to reach within a specific time.

Objectives

a specific, measurable, and actionable step taken to achieve a larger goal.

Strategic plan

a disciplined management activity organizations use to set priorities, focus resources, and align teams toward a shared long-term vision.

Tactical plan

the short-term process of breaking down a large Strategic vs. Tactical Planning vision into specific, actionable steps and daily tasks

Operational plan

turns high-level company goals into concrete daily and weekly tasks

Organizing

Coordinating resources, tasks, and employees to meet specific company goals

Directing

the core function of instructing, guiding, motivating, and leading employees to turn organizational plans into actual performance

Controlling

the process of monitoring actual performance, comparing it against established standards, and taking corrective action to ensure the organization reaches its goals