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