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EOPA BLawton 1

Entrepreneurship Pathway

What is the definition of Management? Controlling and making decisions about a business, department, sports team, etc.
What are the function of management? Planning, organizing ,leading, and controlling
What is Tactical Planning? Developing short term statements about is to be done, who is to do it, and how it is to be done.
What are two different types of Tactical Planning? Operational and Contingency
Define tactical skills. Skills that involve the ability to perform tasks in a specific discipline or department
What is Free-Rein leadership? A leadership style that involves managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives
what are the two branches of Economics? Macroeconomics and microeconomics
What does microeconomics study? The behavior of people and organizations in a particular market
What does macroeconomics study? The operation of a nations economy as a whole
Define economics? The study of how society chooses the employ resources and distribute them for consumption among competing and individuls
Created by: BrianaL.