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Term | Definition |
---|---|
conceptual skills | Ability to express yourself clearly and simply |
controlling | The management function that monitors the work effort |
directing | The management function of providing guidance to workers and work projects to achieve goals |
executive management | Top-level management |
financial resources | All the sources of money available to a business or project |
first line management | Supervisors who work directly with the employees who carry out the business's routine work |
goals | An objective or want that you plan to fulfill; a statement that clearly describes a task to be accomplished |
human resources | People who work to produce goods and services |
information | Knowledge, facts, or data |
interpersonal skills | The ability to communicate, interact, and build relationships with others |
management | The process of coordinating resources to accomplish an organization's goals |
management function | Groups of activities related to management |
manager | Individual whose job involves carrying out management functions |
material | Industrial goods that become part of the finished product after they have been processed |
material resources | Equipment and supplies used by businesses in their operation |
mid-level management | Managers who report to top-level management and who have supervisors who report to them |
middle management | Mid-level management |
organizing | The management function of setting up the way the business's work will be done |
planning | The management function of deciding what will be done and how it will be accomplished |
resources | Any item that is used to accomplish another activity, such as producing/providing goods and services |
staffing | The management function of finding workers for the business |
strategic planning | Long-range planning (three to five years) for the company as a whole |
strategies | Plans of action for achieving goals and objectives |
supervisory management | First-line management |
tactical planning | Short-range planning (one year) of specific actions the business will take |
technical skills | The ability to acquire and utilize systematic, specialized applications to accomplish business objectives |
top level management | All managers who are responsible for the operation of the company or a business unit |