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Key Terms
| 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 that monitors the work effort |
| Executive management | Managers that're in charge of the lower ranks and the lower ranks report to the executives. |
| Financial resources | All the sourced of money available to a business |
| Goals | Objectives |
| Human resources | management career that focuses on people, staffing activities, including planning. |
| Information | facts provided or learned about something or someone. |
| Interpersonal skills | The ability to communicate, interact, and build relationships with others. |
| Management | A person or a groups of people in charge of controlling a company's assets, |
| Management function | Groups of activities related to management, i.e, planning, organizing, staffing, directing, and controlling. |
| Manager | A person that is responsible for administrating or controlling a company |
| Material resources | Equipment and supplies used by businesses in their operation. |
| Mid-level management | This level of management is responsible for implementing goals set my top management workers. Middle managers are the department heads. |
| Organizing | The management function of setting up the way the business's 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 | When managers figure out if they need people to help carry out different jobs, |
| 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(on year) of specific actions the business will take |
| Technical skills | Ability to understand the specialized aspects of jobs |
| Top-level management | Managers at this level are responsible for the operation of the entire organization. They are the owners, chief executive officers, presidents, chief financial officers, vice presidents, and general managers. |
Created by:
KidKai
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