Management Regelkreis: Understand the Management Cycle

Management Regelkreis (Management Cycle)

• The management cycle consists of five stages.
• The cycle starts with Perception and ends with Control.

Stage 1: Perception

• Identify problem: recognize a problem or opportunity.

Stage 2: Problem Solving

• Following the management cycle: develop a solution to the identified problem.

Stage 3: Planning

• Tasks: define tasks to be performed to address the problem or opportunity.

Stage 4: Analysis

• Analyse the situation: examine the situation to understand its context and constraints.
• SWOT Analysis: identify Strengths, Weaknesses, Opportunities, and Threats.

Stage 5: Goal Setting

• Setting goals: define objectives to be achieved.
• Defining measurable goals: establish quantifiable targets.
• Setting criteria: determine the standards by which progress will be evaluated.

Control

• Goal achieved?: assess whether the goal has been accomplished.
• Monitoring & evaluation of progress & results: track and assess the outcomes of the implemented measures.
• Adjusting measures/ Deviating from the plan: modify the plans if necessary.
• Realizing/ Carrying out: implement the planned measures.
• Ensuring that all stakeholders are informed and involved: communicate with and engage all relevant parties.