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33 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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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 progressing towards its goals and objectives, rewarding 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.
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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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SWOT Analysis
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a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats.
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Strategic Planning
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the 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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Tactical Planning
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the process of developing detailed, short-term statements about what is to be done, who is to do it, and how it is to be done
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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
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Contingency Planning
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the process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives.
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Decision Making
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choosing among two or more alternativces.
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Problem Solving
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process of solving the everyday problems that occur. Problem solving is less formal than decision making and usually call for quicker action.
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Brainstorming
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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 in one column, all the minuses in another, and the implications in a third column.
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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 executives who develop strategic 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 communication and motivation; the enable mangers 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 function that includes hiring, motivating, and retaining the best people available to accomplish the company's objectives.
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Transparency
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the presentation of a company's facts and figures in a 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 decisions without consulting others.
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Paticipative (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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External Customers
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dealers, who buy products to sell to others, and ultimate customers (or end users), who buy products for their own personal use.
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Internal Customers
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individuals and units within the firm that receives services from other individuals or units.
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