What Is Management?

What Is Management?

What Is Management? Jonathan Poland

Management is the process of overseeing and coordinating the activities of an organization in order to achieve its goals. This involves making decisions and implementing plans to direct the use of the organization’s resources in the most effective way possible. Management is a fundamental function that is necessary for all organizations, regardless of their size or type. Effective management is essential for ensuring that an organization operates efficiently and effectively.

Management functions are the activities or tasks that are carried out by a management team or position in order to create value for an organization. In an academic context, these functions are often presented as a set of four or five categories, such as planning, organizing, staffing, leading, and controlling. However, other functions, such as communication, may also be important for effective management. A more comprehensive list of management functions may include additional activities such as decision-making, problem-solving, and innovation. Overall, the specific management functions that are required will vary depending on the needs and goals of the organization.

The following is a list of important management functions.

Administration Benchmarking
Budget Control Budget Planning
Business Analysis Business Improvement
Business Optimization Business Processes
Communication Compliance
Cost Control / Reduction Customer Relationships
Decision Making Delegation
Directing Employees Efficiency Use of Resources
Employee Feedback Employee Performance
Estimates Financial Controls
Forecasting Goal Setting
Handling Issues Internal Controls
Investor Relations Knowledge Development
Knowledge Sharing Management Accounting
Negotiation Organization
Organizational Structure Partner Management
Policy Problem Solving
Procedures Procurement
Project Management Recruiting
Reporting Resource Utilization
Responsibility & Accountability Risk Control
Risk Identification Risk Mitigation
Role Planning Strategy Planning
Supervising Employees Team Culture
Training Work Coordination
Work Productivity Working Conditions

The following are important management skills.

Accountability Analysis
Asset Management Automation
Benchmarking Business Processes
Communication Compliance
Continuous Improvement

Control
Direction Ethics & Principles
Financial Management Forecasting & Estimates
Goal Planning Human Resource Management
Internal Controls Issue Clearing
Knowledge Management Leadership
Measurement Negotiation
Organizational Structure Organizing
Performance Management Planning
Policies & Procedures Procurement
Recruiting Relationship Management
Reporting Research & Development
Risk Management Stakeholder Management
Strategy Transparency

The following are common examples of management tasks.

Benchmarking Budget Administration
Business Analysis Business Cases / Plans
Business Continuity Planning Business Experiments
Business Measurements Business Process Design
Coaching / Mentoring Compliance Implementation
Compliance Reporting Conflict Resolution
Contract Administration Customer Advocacy
Customer Relationship Management Data Analytics
Decision Making Delegation
Direction & Control Document Management
Employee Communication Exception Handling
Feedback Financial Analysis
Gap Analysis Goal Setting
Governance Meetings Influencing
Internal Controls Interviewing
Investor Communication Issue Clearing
Knowledge Communication Knowledge Development
Knowledge Management Meeting Facilitation
Meeting Management Metrics
Negotiation Onboarding
Operations Analysis Organizational Structure
Partner Management Partner Relationships
Performance Reviews Pilots
Presentations Prioritization
Problem Solving Process Implementation
Process Monitoring Process Optimization
Procurement Product Launch
Product Management Project Management
Project Oversight Project Planning
Project Sponsorship Prototypes
Public Relations Public Speaking
Quality Assurance Quality Control
Quality Planning Recruiting
Reporting Requirements Development
Research & Development Resource Planning
Restructuring Retrenchment
Risk Identification Risk Management
Scenario Planning Scheduling
Stakeholder Communication Stakeholder Management
Standards Compliance Strategy Planning
Team Culture Training
Work Review Work Supervision
Workflow
Learn More
Brand Image Jonathan Poland

Brand Image

Brand image is the overall perception that consumers and the public have of a brand. It is the way that…

Quality Assurance Jonathan Poland

Quality Assurance

Quality assurance (QA) is the process of verifying that a product or service meets specific quality standards. This is often…

Overhead Costs Jonathan Poland

Overhead Costs

Overhead costs, also known as “indirect costs” or “indirect expenses,” are the costs that a company incurs in order to…

Quality Requirements Jonathan Poland

Quality Requirements

Quality requirements refer to the specific standards that a product, service, process, or environment must meet in order to be…

Consumer Services Jonathan Poland

Consumer Services

Consumer services are services that are provided to individual consumers, rather than to businesses or organizations. These services are typically…

Value Proposition Jonathan Poland

Value Proposition

A value proposition is a statement that explains the unique value that a company offers to its customers. It is…

Operating Costs Jonathan Poland

Operating Costs

Operating costs are the expenses that a company incurs in order to generate revenues from its business operations. These costs…

Customer Research Jonathan Poland

Customer Research

Customer research involves gathering information and insights about customers in order to build a deeper understanding of their needs, preferences,…

Customary Pricing Jonathan Poland

Customary Pricing

Customary pricing refers to the pricing practices that are considered typical or normal in a particular industry or market. This…

Content Database

What is Reliability? Jonathan Poland

What is Reliability?

Reliability is a measure of the ability of a product or service to perform consistently and predictably over time. It…

What is Cultural Fit? Jonathan Poland

What is Cultural Fit?

Culture fit refers to the compatibility of a candidate’s attitudes and experiences with an organization’s culture. It is a hiring…

Brand Quality Jonathan Poland

Brand Quality

Brand quality is the perception of the level of excellence that a brand achieves in the eyes of its customers.…

What is Supply? Jonathan Poland

What is Supply?

Supply refers to the amount of a product or service that is available for purchase at a given price. In…

Reputational Risk Jonathan Poland

Reputational Risk

Reputational risk refers to the potential for damage to an organization’s reputation as a result of its actions or inactions.…

What is Knowledge? Jonathan Poland

What is Knowledge?

Knowledge is the understanding, skills, and expertise that humans acquire through experience, education, and research. It can take many forms,…

Praxeology Jonathan Poland

Praxeology

Praxeology is the study of human action, particularly as it pertains to decision-making and the pursuit of goals. The term…

User Story Jonathan Poland

User Story

A user story is a concise description of a specific expectation or need that a user has for a product,…

Risk Management Techniques Jonathan Poland

Risk Management Techniques

Risk management is the process of identifying, assessing, and prioritizing risks in order to minimize their potential impact on an…