Management
The process of planning, organizing, leading, and evaluating a business's human, financial, and physical resources so it meets its goals and objectives.
Management is a process, not a rank. It runs at every level of a business, from executive leaders to shift supervisors, and in a very small business one person performs all four functions in a single day.
Plan, Organize, Lead, Evaluate spells POLE, the four poles a manager works between.
Often confused with
- Leadership
- Management is the whole process of running resources toward goals; leadership is one function inside it, the part that influences and guides people.
Taught in
See also
4.1.A.1 · 4.1.A.2