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EOPA KGreen3
entrepreneurship
Question | Answer |
---|---|
Conceptual Skills | skills that involve the ability to picture the organization as a whole and the relationship among its various parts |
Staffing | a management function that includes hiring, motivating, and retaining the best people available to accomplish the company's objectives |
Autocratic Leadership | leadership style that involves making managerial decisions without consulting others |
Participative | 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 |
Knowledge Management | finding the right information, keeping the information in a readily accessible place, and making the information known to everyone in the firm |
External Customers | dealers, who buy products to sell to others, and ultimate customers (or end users), who buy products for their own personal use |
Internal Customers | individuals and units within the firm that receive services from other individuals or units |
Funds | amounts of money |
Profit | the difference between revenue and expenses |