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Bus Mgmt Unit 1

Vision, Mission, Functions of Management

TermDefinition
Decision Making Process A series of steps to help the individual make the best possible choice to meet their needs
Manager An expert in their field of work and they are responsible for the business
Leading Strong sense of motivation and to encourage performance
Goals Results that is accomplished over a period of time
Planning Detailed plan, setting timelines, and decisions
Organizing Orderly uses of all resources for a set goal
Vision Statement Inspirational statement that describes what a company wants to become
Mission Statement A company's reasoning for existing now
Objective Something that one's effort can accomplish to reach a goal
Controlling A process that regulates business activities to ensure that goals are accomplished
Management Using resources to achieve goals through: planning, organizing, staffing, directing and evaluating
Different types of planning Strategic, Operational, and Tactical
Created by: Mrs. Roberts
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