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45 Cards in this Set

  • Front
  • Back
management
the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources
planning
a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives.
work
a task you do for a specified period in a specific place OR something you do anywhere anytime
planning teams
help monitor the environment, find business opportunities, and watch for challenges
planning
key management function because accomplishing the other functions depends heavily on this.
organizing
a management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything works together to achieve the organization's goals and objectives
leading
creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization's goals and objectives
controlling
a management function that involves establishing clear standards to determine whether or not an organization is proressing toward its goals and objectives, regarding people for doing a good job, and taking corrective action if they are not.
vision
an encompassing explanation of why the organization exists and where it's trying to head. usually set by top management
mission statement
an outline of the fundamental purposes of an organization
goals
the broad, long term accomplishments an organization wishes to attain
objectives
specific, short term statements detailing how to achieve the organization's goals
when costumer's needs change, __
firms must change with them
directing
telling employees exactly what to do. this is manager's role in small firms.
strategic planning
process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals
policies
broad guidelines for action
strategies
determine the best way to use resources
some companies are making shorter term plans that allow for __
quick responses to customer needs and requests
tactical planning
process of developing detailed short term statements about what is to be done, who is to doit, and how.
operational planning
the process of setting work standards and schedules necessary to implement the company's tactical objectives. focusses on specific people.
contingency planning
process of preparing alternative courses of action the firm can use if its primary plans don't work out.
decision making
choosing among two or more alternatives
sometimes instead of creating detailed strategic plans, leaders of market based companies
often simply set direction
rational decision making model
series of steps: define situation, describe and collected needed info, develop alternatives, develop agreement, decide best alternative, do what is indicated, follow up
problem solving
the process of solving the everyday problems that occur. problem solving is less formal than decision making and usually calls for quicker action.
brain storming
coming up with as many solutions to a problem as possible in a short period of time with no censoring of ideas
PMI
listing all the plusses for a solution, all the minuses, and implications.
organization chart
a visual device that shows relationships among people and divides the organization's work; it shows who reports to whom
top management
highest level of management, consisting of the president and other key company execs who develop strategical plans.
middle management
the level of management that includes general managers, division managers, and branch and plant managers who are responsible for tactical planning and controlling.
supervisory management
managers who are directly responsible for supervising workers and evaluating their daily performance
technical skills
skills that involve the ability to perform tasks in a specific discipline or department
human relations skills
skills that involve communication and motivation; they enable managers to work through and with people
conceptual skills
skills that involve the ability to picture the organization as a whole and the relationship among its various parts
staffing
a management funciton that includes hiring, motivating, and retaining the best people available to accomplish the company's objectives
leaders must
communicate a vision and rally others around that vision, establish corporate values, promote corporate ethics, embrace change, stress accountability and responsibility
transparency
presentation of a company's facts and figures in way that is clear and apparent to all stakeholders
autocratic leadership
leadership style that involves making managerial decision without consulting others
participative democratic leadership
leadership style that consists of managers and employees working together to make decisions
free rein leadership
leadership style that involves managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives.
enabling
giving workers the education and tools they need to make decisions
knowledge management
finding the right information, keeping the information in a readily accessible place, and making the information known to everyone in the firm
control process
establish clear standards, monitor and record performance, compare results against standards, communicate results, if needed take corrective action
external customers
dealers, who buy products to sell to others, and ultimate customers (or end users) who buy products for own use
internal customers
individuals and units within the firm that receive services from other individuals or units