Management Cheat Sheet
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A N A G E M E N T C H E A T S H E E T : T H E M O S T I M P O R T A N T<br />
M<br />
E F I N I T I O N S F O R E A C H O F T H E B R A N C H E S<br />
D<br />
O S T M A N A G E M E N T<br />
C<br />
is a method of reducing production or<br />
It<br />
is concerned with chalking out a definite<br />
It<br />
after forecasting and careful<br />
program<br />
of market situations and execution<br />
analysis<br />
plans in achieving the organization<br />
of<br />
objectives.<br />
management is the tracking,<br />
Marketing<br />
and review of the company<br />
application<br />
activities and resources.<br />
marketing<br />
management is the developing<br />
Marketing<br />
process as well as planning for<br />
strategies<br />
product, promotions, advertising<br />
services,<br />
sales in reaching desired customer<br />
and<br />
employs tools from competitive strategy<br />
It<br />
economics in analyzing the industry<br />
and<br />
in which a company operates. It<br />
context<br />
analysis of strategic groups of<br />
includes<br />
Porter’s 5 forces, value chain<br />
competitors,<br />
and much more.<br />
analysis<br />
management often conducts<br />
Marketing<br />
research and market research in<br />
marketing<br />
marketing analysis.<br />
performing<br />
management according to<br />
Marketing<br />
is the process of executing and planning<br />
It<br />
pricing, conception and distribution and<br />
the<br />
of services, ideas and goods in<br />
promotion<br />
exchanges with certain groups in<br />
creating<br />
organizational and customer<br />
satisfying<br />
objectives.<br />
is the process of planning as well as<br />
It<br />
the pricing, conception,<br />
executing<br />
and promotion of goods, services<br />
distribution<br />
ideas in satisfying organizational and<br />
and<br />
objectives.<br />
individual<br />
management according to<br />
Marketing<br />
management is a branch area of<br />
Marketing<br />
It is concerned with<br />
management.<br />
activities for the attainment of<br />
purposeful<br />
goals.<br />
marketing<br />
It covers full life cycle of projects from<br />
operating expenses to give less<br />
initial planning up to actual cost<br />
expensive services or products to<br />
performance to project completion.<br />
consumers.<br />
It is the process of controlling and<br />
Cost management is a process<br />
planning the costs included in a<br />
management that uses in analyzing its<br />
business. It considered as one of the<br />
production as well as its streamline to<br />
challenging tasks in business<br />
keep costs low and manage expenses in<br />
management.<br />
the future.<br />
Cost management is being employed by<br />
Philip Kotler:<br />
Cost management is the managerial<br />
numerous businesses as essential part of<br />
accounting focus helping a firm forecast<br />
business management.<br />
future expenditures in reaching their<br />
Cost management is considered a form<br />
budget goals.<br />
of accounting management that helps in<br />
Cost management is divided in 3 main<br />
identifying future expenditures in certain<br />
phases: implementation, planning and<br />
business in reducing budget overages.<br />
final analysis.<br />
M A R K E T I N G M A N A G E M E N T<br />
Marketing management according to<br />
Cost management basic concept is to<br />
American Marketing Association:<br />
gather details about current operations,<br />
analyzing it and evaluating results.<br />
It is concerned with planning process as<br />
well as budget controlling of a business<br />
or project. It includes activities like<br />
estimating, planning, financing,<br />
budgeting, managing, funding and<br />
Cundiff and Still:<br />
controlling costs in order for a project<br />
to be completed within approved<br />
budget.<br />
segment.
A N A G E M E N T C H E A T S H E E T : T H E M O S T I M P O R T A N T<br />
M<br />
E F I N I T I O N S F O R E A C H O F T H E B R A N C H E S<br />
D<br />
involves identifying how organization<br />
It<br />
up compared to their competitors as<br />
stacks<br />
as recognizing threats and<br />
well<br />
facing an organization,<br />
opportunities<br />
come from competitors or within<br />
whether<br />
organization.<br />
the<br />
is the implementation and formulation of<br />
It<br />
goals as well as initiatives taken by<br />
major<br />
top management on behalf of<br />
organization<br />
that is based on resources<br />
owners<br />
and assessment of external<br />
consideration<br />
internal environments.<br />
and<br />
managements gives overall<br />
Strategic<br />
to enterprise and involves<br />
direction<br />
objectives, developing plans<br />
organization’s<br />
policies that is designed to achieve<br />
and<br />
and allocating resources in<br />
objectives<br />
the plans.<br />
implementing<br />
involves process of analyzing cross-<br />
It<br />
business decisions. It typically<br />
functional<br />
analyzing external and internal<br />
involves<br />
and strengths; formulating<br />
weaknesses<br />
plans; evaluating to what degree<br />
action<br />
plans been successful as well as<br />
action<br />
changed when the desired results<br />
making<br />
not produced, and are executing action<br />
are<br />
S T R A T E G I C M A N A G E M E N T<br />
Strategic management is about<br />
Strategic management is a continuous<br />
description and identification of<br />
process about controlling and<br />
strategies that managers should do to<br />
evaluating industries and business in<br />
achieve a great performance as well as<br />
which an organization is being involved.<br />
competitive advantage.<br />
It evaluates the competitors and their<br />
It can also be defined as bundle of acts<br />
sets strategies and goals in meeting all<br />
and decisions, which a person<br />
potential and existing competitors. It<br />
undertakes and which decides the firm’s<br />
also reevaluates strategies on regular<br />
performance result.<br />
basis in determining how it will be<br />
Strategic management is a planning for<br />
implemented and whether it is<br />
predictable and unfeasible<br />
successful or need replacement.<br />
contingencies. It is being applicable to<br />
Strategic management provides broader<br />
small and large organizations as well as<br />
perspective to organization employees<br />
smallest organizations facing<br />
so that they can better understand how<br />
competition.<br />
their job fits to organizational plan and<br />
It is a way where strategists set their<br />
how it is being co-related to other<br />
objectives as well as proceed on how to<br />
organizational members.<br />
attain them. It deals with<br />
Strategic management is a management<br />
implementation and making decisions<br />
of the resources of organization to<br />
about organization future direction. It<br />
achieve certain objectives and goals. It<br />
helps in identifying where an<br />
involves analyzing competitive<br />
organization should move.<br />
environment, setting objectives,<br />
Strategic management is a continuous<br />
analyzing internal organization,<br />
planning, assessment and analysis of all<br />
ensuring management will perform their<br />
needed for an organization in meeting<br />
strategies across the organization and<br />
plans.<br />
their objectives and goals.<br />
evaluating strategies.
A N A G E M E N T C H E A T S H E E T : T H E M O S T I M P O R T A N T<br />
M<br />
E F I N I T I O N S F O R E A C H O F T H E B R A N C H E S<br />
D<br />
F I N A N C I A L M A R K E T<br />
Financial market is a market in which<br />
References<br />
individuals trade financial commodities,<br />
http://www.costmanagement.eu/blog-article/198-cost-management-explained-in-<br />
securities and value at a reasonable<br />
4-steps<br />
transaction costs and at prices<br />
https://www.techopedia.com/definition/13878/cost-management<br />
reflecting demand and supply.<br />
https://www.slideshare.net/gadekar1986/introduction-to-marketing-management-<br />
Financial market is where traders sell<br />
12816131<br />
and buy assets. It includes bonds,<br />
http://www.yourarticlelibrary.com/marketing/marketing-management-meaning-<br />
stocks, foreign exchange, derivatives<br />
and-importance-of-marketing-management-explained/25885<br />
and commodities. It is where companies<br />
http://www.businessdictionary.com/definition/marketing-management.html<br />
reduce risks and for investors to make<br />
https://en.wikipedia.org/wiki/Marketing_management<br />
money.<br />
https://www.managementstudyguide.com/strategic-management.htm<br />
Financial market makes an open and<br />
https://www.investopedia.com/terms/s/strategic-management.asp<br />
regulated system for many companies to<br />
https://en.wikipedia.org/wiki/Strategic_management<br />
get large capital. It is being done<br />
http://searchcio.techtarget.com/definition/strategic-management<br />
through bond markets and stock.<br />
https://en.wikipedia.org/wiki/Financial_market<br />
Financial market is a place where sellers<br />
https://www.thebalance.com/an-introduction-to-the-financial-markets-3306233<br />
and buyers meet in exchanging services<br />
http://www.investinganswers.com/financial-dictionary/stock-market/financial-<br />
and goods at prices determined by<br />
market-5045<br />
forces of supply and demand.<br />
It can also be a physical location or<br />
virtual one over network.<br />
Financial market facilitates transactions<br />
between sellers and buyers and<br />
between consumers and producers.