TMSC International® Management & Leadership: Management Is Synonymous With Decision Making

Edited by: , M.Ed., M.S., ABD

Management is measured by:

  • Input——-Resources
  • Output——-Attainment of Goals

The major factors that impact decision making:

  1. International impactsj0402153
  2. Competition
  3. Organizational Size
  4. Structural Complexity
  5. Consumerism
  6. Information/Computers
  7. Technology
  8. Governmental Intervention

According to Fundamentals of Management Science Custom Edition by Efraim Turban and Jack R. Merideth, Management is:

a process used to achieve certain goals through the utilization of resources (people, money, energy, materials, space, time).

A “Good Manager” must make “Good Decisions”.

Reference

Turban, E. & Merideth, J.R. (1998). Fundamentals of Management Science Custom Edition. The McGraw-Hill Companies, Inc. New York, NY.