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15 Cards in this Set
- Front
- Back
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Who is a manager?
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someone who coordinates and oversees the work people so that organization goals can be accomplished
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manager levels
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1. Top Managers
2. Middle Managers 3. First-Line Managers 4. Nonmanagerial Employees |
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What is management?
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management involves coordinating and overseeing the work activities of others so that they are completed EFFICIENTLY & EFFECTIVELY
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What distinguishes a managerial position from a non-managerial one
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overseeing and coordinating
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What is efficiency?
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getting the most output from the least amount of inputs in order to minimize the costs
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What is efficiency often referred to as?
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"doing things right"
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What is effectiveness?
What is it described as? |
completing activities so that organizational goals are attained.
"doing the right thing" |
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What does Management strive for?
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Low Resource Waste (efficiency)
High Goal Attainment (high effectiveness) |
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What are Management's Functions?
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-Planning
-Organizing -Leading -Controlling |
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What is required for planning?
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defining goals, establishing strategy, and developing plans to coordinate activities
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What is required for organizing?
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Determining what needs to be done, how it is to be done, and who is going to do it?
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Required for Leading?/
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Motivating and anything that deals with people
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Controlling?
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Monitoring activities making sure they are completed as planned
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What do the 4 functions lead to?
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achieving the organization's stated purposes
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Why study management?
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-universality (needed in all organizations.... accounting, human resources, marketing, manufacturing, Information systems, etc
- Receive a lot of money |
