Leadership + Management
Planning
Management
Definition
A process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment
Planning, organizing, staffing, directing, controlling (*)
Achieving objectives requires skilled management
Managers
People in organizations who make decisions about the use of resources and who are concerned with ||^ (*)
Definition
A process of determining the organization's objectives and deciding how to accomplish them
Vision, mission, strategic management
Controlling
Definition
5 activities
Organizing
Definition
Structuring of resources and activities to accomplish objectives efficiently and effectively
Importance
Lines of authority
Communication
Competitiveness
Creates synergy
Staffing
Hiring people to carry out the work of the organization
Directing
Motivating, engaging and leading employees to achieve organizational objectives
Process of evaluating and correcting activities to keep organization on course
- Comparing performance against standards
- Identify deviations from standards
- Investigate causes of deviations
- Measuring performance
- Taking corrective action