What is Management?

Management is the process and tasks related to setting and achieving goals.

Management Formula Equals Things We Will Do Plus How We'll Do Them

Examples of Management Goals

Illustration of Manager Riding Wall Street Bull

Increase Sales

Illustration of Manager Opening a Store

Open new store

Illustration of Team Struggline to Get Through a Meeting

Reduce meetings

What are the four core functions of management?

To achieve goals, managers focus on four core functions: planning, organizing, leading, and controlling.

Illustration of Managers Making a Plan

Planning is the process of setting goals and deciding how to reach them.

Illustration of Managers Making a Plan
Illustration of a Manager Organizing Resources

Organizing is the process of finding resources, delegating work, and coordinating activities.

Illustration of a Manager Leading Others

Leading is the process of influencing and motivating others to achieve goals.

Illustration of a Manager Leading Others
Illustration of a Manager Riding a Wave

Controlling is the process of checking progress and adjusting.

What makes a manager successful?

Success for many managers is based on achieving goals and how effectively and efficiently resources are used in four areas: human resources, financial resources, physical resources, and informational resources.

Illustration of a Team

Human resources are people with the knowledge, skills, or capacity.

Illustration of a Team
Illustration of a Manager Standing Next to a Vault

Financial resources are the capital and cash flow needs.

Illustration of a Manager Driving a Truck with Needed Resources

Physical resources are the physical equipment, supplies, and workspaces.

Illustration of a Manager Driving a Truck with Needed Resources
Illustration of Manager with Sticky Notes All Over Office

Informational resources are the data and flow of information.

Thought Questions

Smiling Coach asking you to Please Use Your Brain
  • In what areas of life do you serve as a manager? When do you plan, organize, lead, or control?
  • What are some examples of good management? When have you thought something was well-managed? Why?
  • What are some examples of bad management? When have you thought somethings was poorly managed? Why?
Smiling Coach asking you to Please Use Your Brain

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