Management Frameworks
A management framework is a structured approach that organizations use to guide their decision-making and operations. It provides a set of principles, practices, and tools that help managers align their strategies with organizational goals. Common frameworks include Balanced Scorecard, SWOT Analysis, and Porter's Five Forces, each offering unique insights into performance and competitive positioning.
These frameworks facilitate effective communication and collaboration within teams, ensuring that everyone understands their roles and responsibilities. By implementing a management framework, organizations can improve efficiency, enhance accountability, and drive continuous improvement, ultimately leading to better outcomes and increased success.