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Business Man. (1)
Vocab
| Term | Definition |
|---|---|
| Conceptual skills | an umbrella term for a skill set comprising analytical, creative thinking, and communication skills among others |
| Controlling | the managerial functions of planning, staffing, organizing, implementing and directing |
| Directing | Instructing, guiding, supervising and influencing people enabling them to achieve organizational objectives |
| Executive management | the highest level of management in an organization responsible for planning, leading and controlling a business |
| Financial resources | The money available to a business for spending in the form of cash, liquid securities and credit lines |
| First-line management | supervise production on line tasks in the manufacturing business, and typically consist of positions such as foreman, section head and shift boss |
| Goals | These are objectives that are set by managers/owners for the betterment of the business |
| Human resources | Any people that are involved with your business |
| Information | Information is data that reflects the business in any way. Manager need this in order to plan for the future, make goals, and decisions. |
| Interpersonal skills | the behaviors and tactics a person uses to interact with others effectively. In the business world, the term refers to an employee's ability to work well with others |
| Management | A position that takes leadership on an area(s) of a business |
| Management function | Planning, Organizing, Staffing, Directing and Controlling |
| Manager | Someone that leads a section of a business |
| Material resources | Any physical piece of equipment needed for the business to function. Also includes the product. |
| Mid-level management | responsible for executing organizational plans which comply with the company's policies |
| Organizing | Separating tasks, goals, and other things of the nature to better help the business function more efficiently |
| Planning | a management process, concerned with defining goals for a future direction and determining on the missions and resources to achieve those targets |
| Resources | These are things that are available to you and your business. They are split into 3 categories. |
| Staffing | the process of acquiring, deploying,and retaining a workforce of sufficient quantity and quality to create positive impacts on the organizations effectiveness |
| Strategic planning | an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals,etc |
| Strategies | the ongoing planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives |
| Supervisory management | a common course in many business and trade schools in order to train people to work in a supervisory capacity and effectively manage the work force in a company |
| Tactical planning | takes a company's strategic plan and sets forth specific short-term actions and plans, usually by company department or function |
| Technical skills | the knowledge and capabilities to perform field-specific, specialized tasks. These skills enable a manager to coordinate work, solve problems |
| Top-level management | This is the highest level of management. These are head executives, presidents, etc. |
| Middle management | responsible for implementing the top management's policies and plans and typically have two management levels below them (mid-level management) |
Created by:
KevinCarless
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