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EOPA KGreen1
Entrepreneurship
Question | Answer |
---|---|
What is management? | the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources |
Vision | an encompassing explanation of why the organization exists and where it's trying to head |
Mission Statement | an outline of the fundamental purpose of an organization |
Goals | the broad, long term accomplishments an organization wishes to attain |
Objectives | specific, short term statements detailing how to achieve the organizations goals |
SWOT Analysis | SWOT = Strengths, Weaknesses, Opportunities and Threats; a planning tool used to analyze an organizations strengths, weakness, opportunities and threats |
Strategic Planning | the process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals |
Tactical Planning | the process of developing detailed, short term statements about what is to be done, who is to do it, and how it is to be done |
Operational Planning | the process of setting work standards and schedules necessary to implement the company's tactical objectives |
Contingency Planning | the process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives |