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Chp 7 Management

TermDefinition
management The process of achieving company goals by planning, organizing, directing, controlling, and evaluating the effective use of resources.
planning The act or process of creating goals and objectives as well as the strategies to meet those goals and objectives.
organizing Getting resources arranged in an orderly and functional way to accomplish goals and objectives.
organizational chart A chart that shoes how the firm is structured and who is in charge of whom.
top-level manager Managers who are responsible for setting goals and planning for the future as well as leading and controlling the work of others.
middle manager Managers who carry out the decisions of top management
operational manager Managers who are responsible for the daily operations of a business.
leading Providing direction and vision.
controlling Keeping the company on track and making sure goals are met.
Created by: 563517
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