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    Master this deck with 20 terms through effective study methods.

    “Make short definition flashcards and likely exam questions” Pro tip for management Don’t study every sentence. Focus your flashcards on: definitions differences (manager vs leader) advantages/d...

    Created by @beebee

    What defines management?

    Accomplishing results through the efforts of others.

    What are the 5 Ms in management?

    Money, Man, Materials, Methods, Machinery.

    What is a key characteristic of management?

    Involves organized activities towards a common objective.

    How does management differ from leadership?

    Management focuses on execution, while leadership inspires and sets goals.

    What is the role of planning in management?

    Setting objectives and determining necessary steps to achieve them.

    What are the managerial functions?

    Planning, organizing, staffing, directing, controlling.

    What is the difference between management and administration?

    Management focuses on day-to-day operations; administration involves strategic oversight.

    What is a tactical plan?

    Bridges the gap between strategic and operational plans.

    What does the SMART criteria stand for?

    Specific, Measurable, Achievable, Relevant, Time-bound.

    What is the purpose of a contingency plan?

    To address unexpected events or emergencies.

    What is the significance of the Gantt chart?

    Visual tool illustrating the timeline of a project.

    What are the key elements of planning?

    Identifying actions, resource allocation, establishing timelines.

    What is the role of a manager in decision making?

    Managers make decisions to utilize resources effectively.

    What is the essence of management as a social process?

    Focuses on integrating various activities within society.

    What does benchmarking involve?

    Comparing processes or products against competitors.

    What is the role of a manager as a liaison?

    Acts as a link between the organization and the larger society.

    What is the importance of risk assessment in planning?

    Identifies potential risks to manage them effectively.

    What distinguishes a leader from a manager?

    Leaders inspire and look to the future; managers focus on present execution.

    What is the function of a disturbance handler?

    Handles unexpected events or crises threatening the organization.

    What is the role of motivation in management?

    Encourages employees to perform and achieve goals.