Management For Engineers - Unit 1 Introduction

Vocabulary flashcards covering the basic definitions, functions, resources, and planning levels in management based on Mr. Satheesh's lecture notes.

Management

The process of achieving organizational goals by planning, organizing, staffing, directing, and controlling resources efficiently and effectively.

Planning (Function)

The act of deciding now what is to be done in the future.

Organising

Arranging resources, including workers, materials, machinery, and budget.

Staffing

The process of hiring the right people for tasks, such as a Mason, Electrician, or Painter.

Directing

The process of leading, giving instructions, motivating, and solving problems.

Controlling

Checking whether work is going according to plan and correcting it if it is not.

Man (Resource)

Refers to the employees of an organization.

Material (Resource)

Raw materials used in production.

Machinery (Resource)

Equipment used as a resource in management.

Money (Resource)

Capital required for organizational operations.

Moment (Resource)

Refers to Time or Methods as a resource.

Efficiency

Doing things right with a focus on resources to achieve Minimum Input $\rightarrow$ Maximum Output.

Effectiveness

Doing the right things with a focus on results and achieving goals, such as maximizing sales.

Top Management Planning

Long-term planning typically spanning $5$-$10$ years.

Middle Management Planning

Planning that focuses on the medium-term.

Supervisory/Lower Management Planning

Planning that focuses on the short-term.