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1.02 Business
Term Definitions
| Term | Definition |
|---|---|
| Conceptual skills | Ability to see the "big picture" |
| Controlling | Monitoring the work effort |
| Directing | Providing guidance to employees |
| Executive management | Top level management |
| Financial resources | All sources of money |
| First-line management | Directly give orders to employees |
| Goals | Objectives |
| Human resources | All employees |
| Information | Data, statistics and opinions relating to the busines |
| Interpersonal skills | Ability to communicate, interact and build relationships |
| Management | The process of coordinating resources in order to accomplish an organization's goals |
| Management function | Activities related to management |
| Manager | Job involving management functions |
| Material resources | Equipment used by a business |
| Mid-level management | Report to top level management, give orders to first line management |
| Middle management | Same as mid level management |
| Organizing | Setting up the process to accomplish a certain task |
| Planning | Deciding what work should be done and in what order to do it |
| Resources | Items that van be used to produce goods and services |
| Staffing | Helps the business to find the employees that they need |
| Strategic planning | Long range planning |
| Strategies | Plans of action to achieve goals |
| Supervisory management | First line management |
| Tactical planning | Short range planning |
| Technical skills | An understanding of the technical aspects of a business |
| Top-level management | Responsible for overall operations of business, highest levels |
Created by:
wcp9321058
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