5 concepts
Defining Management
Management is the act of engaging with an organization's human talent and its resources to accomplish desired goals and objectives.
Fulfilling the Organizing Function
Management organizes by creating patterns of relationships among workers, optimizing use of resources to accomplish business objectives.
Fulfilling the Controlling Function
Management control can be defined as a systematic effort to compare performance to predetermined standards and address deficiencies.
Fulfilling the Leading Function
Managers lead their organizations and can vary their style and approach to achieve the desired outcome.
Fulfilling the Planning Function
Planning is the process of thinking about and organizing the activities required to achieve strategic objectives.