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Term | Definition |
---|---|
conceptual skills | the ability to see the "big picture" and think about how things will work together |
controlling | the management function that monitors the work effort |
directing | the management function of providing guidance to workers and work projects |
executive management | top level management |
financial management | all the sources of money available to a business |
first line management | supervisors who work directly with the employees who carry out the business's routine work |
goals | objectives |
human resources | people who work to produce goods or 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 organizations goals |
management function | groups of activities related to management ( i.e., planning, organizing, staffing, directing, and controlling) |
manager | individual whose job involves carrying out management functions |
material resources | equipment and supplies used by businesses in their operations |
mid level management | managers who report to top-level management and who have |
middle management | mid- level management |
organizing | the management function of setting up the way businesses work will be done |
planning | the management function of deciding what will be done and how it will be accomplished |
resources | items that can be used to produce 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 planning | ability to understand the specialized aspects of jobs |
top level management | all managers who are responsible for the operation of the company or a business unit. |