Management tools are the instruments used by organizations to help plan, organize, coordinate and control the activities of their employees. These tools enable managers to assess and monitor performance in order to ensure that goals are met, resources are optimally utilized, processes are efficient and predictable, and stakeholders are satisfied. By using these tools, businesses can develop effective strategies for planning, organizing, leading and controlling their operations. Management tools also provide a way for management teams to track progress, recognize successes and effectively address areas needing improvement.