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bus mang
| Term | Definition |
|---|---|
| Conceptual skills | Ability to understand how the parts of an organization are interrelated |
| Controlling | monitoring the work effort/make sure the goals are being met; measuring employees’ performance, identifying problem areas, and making corrections when necessary |
| Directing | providing guidance to workers and work projects |
| Executive management | a management team is generally a team of individuals at the highest level of management of an organization who have the day-to-day tasks of managing that organization |
| Financial resources | Can include money owed to the business by its customers |
| First-line management | Level responsible for the day-to-day activities of employees who carry out the business’s routine work |
| Goals | broad, long-term outcomes |
| Human resources | People who work to produce goods and services |
| Information | Facts, statistics, and opinions that can be either internal or external in nature |
| Interpersonal skills | Ability to communicate and build relationships with others |
| Management | Process of coordinating resources to accomplish an organization’s goals |
| Management function | Managers perform a wide variety of activities that fall within 4 primary management functions: 1.Planning 2.Organizing 3.Leading 4. Controlling |
| Manager | Individual who carries out management functions |
| Material resources | Equipment and supplies required to produce and/or sell products |
| Mid-level management | Level responsible for tactical planning and implementing top management goals |
| Organizing | setting up the way the business’s work will be done |
| Planning | deciding what work will be done and how it will be accomplished |
| Resources | human resources, financial resources, material resources, and information. |
| Staffing | helps the business to find employees who know how to do the necessary work/deciding what skills will be needed in the future/assigning new employees to specific work areas and determining compensation for workers |
| Strategic planning | organizational management activity that is used to set priorities, focus energy and resources, strengthen operations |
| Strategies | a plan of action |
| Supervisory management | The action of overseeing and managing employees in the workplace |
| Tactical planning | carried out by middle and front-line managers, is short-range planing, typical covering a period of one or two years |
| Technical skills | Understandings of and proficiency in the performance of specific tasks. |
| Top-level management | Level responsible for goal setting and strategic planning |
Created by:
sdplumb03
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