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Griffin Management
Chapter 1
| Term | Definition |
|---|---|
| Organization | A group of people working together in a structured and coordinated fashion to achieve a set of goals. |
| Organizational Resources | Human resources, Financial resources, Physical resources, and Information resources |
| Management | A set of activities: planning and decision making, organizing, leading, and controlling directed at an organization’s resources with the aim of achieving organizational goals in an efficient and effective manner. |
| EFFICIENTLY | Using resources wisely and in a cost-effective way |
| EFFECTIVELY | Making the right decisions and successfully implementing them |
| Manager | Someone whose primary responsibility is to carry out the management process. |
| Planning and Decision Making | Determining goals and courses of action |
| Organizing | Coordinating activities and resources |
| Leading | Motivating and managing people |
| Controlling | Monitoring and evaluating activities |
| Top Managers | are the small group of executives who manage the overall organization. They create the organization’s goals, overall strategy, and operating policies. |
| Middle Managers | are primarily responsible for implementing the policies and plans of top managers. They also supervise and coordinate the activities of lower level managers. |
| First-Line Managers | supervise and coordinate the activities of operating employees. |
| Interpersonal Roles | Role: Figurehead, leader, and liaison roles involve dealing with other people. |
| Informational Roles | Role: Monitor, disseminator, and spokesperson roles involve the processing of information. |
| Decisional Roles | Role: Entrepreneur, disturbance handler, resource allocator, and negotiator are managerial roles primarily related to making decisions. |
| Technical skill | Skill to accomplish or understand the specific kind of work being done in an organization. |
| Interpersonal Skill | Skill to communicate with, understand, and motivate both individuals and groups. |
| Conceptual skill | Skill to think in the abstract. |
| Diagnostic Skill | Skill to visualize the appropriate response to a situation. |
| Communication Skill | Skill to convey ideas and information effectively to others and to receive the same effectively from others. |
| Decision-Making Skill | Skill to recognize and define problems and opportunities and then to select an appropriate course of action to solve problems and capitalize on opportunities. |
| Time-Management Skill | Skill to prioritize work, to work efficiently, and to delegate appropriately. |