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Unit 1 - ESP111

Key terms about Management

Management The process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organization resources
Manager An individual who is in charge of a certain group off tasks, or a certain area or department of business
Chief Executive Officer The most senior manager responsible for the overall performance and success of a company
Planning A management function that includes anticipating trends and determining the best strategies and tactics
Leading Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively
Controlling A management function that involves establishing clear standards to determine whether or not an organisation is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are no
Consultant A person who provides expert advice to a company
Crisis A situation of danger and difficulty
Innovation A new idea or method
Objective Something you plan to do or achieve
Promotion When someone is raised to a higher or more important position
Public sector The section of the economy under government control
Stategy A plan for achieving success
Subordinate A person with a less important position in an organization
Created by: jazzchip
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