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Conceptual skills The ability to think creatively and understand complicated or abstract ideas.
Controlling It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.
Directing A process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals.
Executive management A team of individuals at the highest level of management of an organization who have the day-to-day tasks of managing that organization — sometimes a company or a corporation.
Financial resources The money available to a business for spending in the form of cash, liquid securities and credit lines.
First-line management First line managers generally supervise production on line tasks in the manufacturing business, and typically consist of positions such as foreman, section head and shift boss.
Goals An observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe.
Human resources The division of a company that is focused on activities relating to employees.
Information Data that is (1) accurate and timely, (2) specific and organized for a purpose, (3) presented within a context that gives it meaning and relevance, and (4) can lead to an increase in understanding and decrease in uncertainty.
Interpersonal skills The set of abilities enabling a person to interact positively and work effectively with others.
Management The organization and coordination of the activities of a business in order to achieve defined objectives.
Management function The set of core activities that defines the role of managers in a business environment. The five functions of management include planning, staffing, organizing, directing, and controlling.
Manager An individual who is in charge of a certain group of tasks, or a certain subset of a company.
Material resources The area of management that is in charge of using a company's resources in the most efficient way possible.
Middle management Comprises of managers who head specific departments (such as accounting, marketing, production) or business units, or who serve as project managers in flat organizations.
Organizing Arranging several elements into a purposeful sequential or spatial (or both) order or structure.
Planning A basic management function involving formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.
Resources Economic or productive factors required to accomplish an activity.
Staffing The selection and training of individuals for specific job functions, and charging them with the associated responsibilities.
Strategic planning A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.
Strategies A method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem.
Supervisory management The action of overseeing and managing employees in the workplace.
Tactical planning A systematic determination and scheduling of the immediate or short-term activities required in achieving the objectives of strategic planning.
Technical skills A skill that is required for the accomplishment of a specific task.
Top-level management The highest ranking executives (with titles such as chairman/chairwoman, chief executive officer, managing director, president, executive directors, executive vice-presidents, etc.) responsible for the entire enterprise.
Created by: 936592490051261



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