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Management and Leadership (Decision Making (Decide which alternative is…
Management and Leadership
4 Funtions of management.
Planning
Planning includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives
Organization
includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organization gooal and objectives
Leading
means creating a vision for the organization and communicating, guiding, training, coaching, and motivating others to achieve goals and objectives in a timely manner
Controling
establishes clear standards to determine whether an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not
Vision and mission statement
vision is more than a goal; it’s a broad explanation of why the organization exists and where it’s trying to go. It gives the organization a sense of purpose and a set of values that unite workers in a common destiny
A mission statement outlines the organization’s fundamental purposes. It should address: The organization’s self-concept. Its philosophy. Long-term survival needs. Customer needs. Social responsibility. Nature of the product or service.
Goal and Objectives
Goals are the broad, long-term accomplishments an organization wishes to attain. Because workers and management need to agree on them, setting goals is often a team process. Objectives are specific, short-term statements detailing how to achieve the organization’s goals
Forms of planing
Stategic
The setting of broad, long reange goals by top managers
Tactical
The identification of specific, short range objectives by lower level managers
Contigency
Backup plans in case primary plans fall
Operational
The setting of work standars and schedules
Decision Making
Decide which alternative is best
Do what is indicated
Develop alternatives
Determine wheter the decision was a good and follow up
Describe and collect needed information
Decision Making
Controling
Establishing clear performance standards. This ties the planning function to the control function. Without clear standards, control is impossible.
Monitoring and recording actual performance or results.
Comparing results against plans and standards.
Communicating results and deviations to the appropriate employees.
Taking corrective action when needed and providing positive feedback for work well done.